From February 3 to February 10, 2022, the ex-factory price of hydrogenated benzene in North China fell from 7166.67 yuan/ton at the end of last week to 7000 yuan/ton at the end of this week, down 2.33%.

Market price of main hydrogenation benzene in China this week (unit: yuan/ton)

Market/ Price on February 3/ Price on February 10/ Up and down

East China/ 7000～7050./6950～7000./-50

Shandong region/ 6800～6900./6750～6850./-50

International crude oil futures closed slightly lower on February 9. The settlement price of the main contract of US WTI crude oil futures was 78.06 US dollars/barrel, down 0.41 US dollars or 0.5%. The settlement price of the main contract of Brent crude oil futures was US $84.50/barrel, down US $0.59 or 0.7%.

The ex-factory price of Sinopec pure benzene increased by 100 yuan/ton on January 13, 2023, and the current price is 6950 yuan/ton.

Other enterprises: Jingbo Petrochemical quoted 6950 yuan/ton, HSBC Petrochemical quoted 7000 yuan/ton, Weilian Chemical quoted 6903 yuan/ton, Xinhai Petrochemical quoted 6850 yuan/ton, and Hongrun Petrochemical quoted 7000 yuan/ton.

The commodity price K-bar chart uses the concept of price trend K-line to reflect the weekly or monthly price changes in the form of bar chart. Investors can buy and sell investments according to the changes in the K-bar chart. Red indicates: rising; Green means: down; The height of the K column indicates the range of rise and fall. The weekly K-column chart of pure benzene shows that after entering July, the price of pure benzene continued to decline, slightly warmed at the end of August and the beginning of September, and the price mainly declined from October to December, and warmed in January.

In terms of industrial chain: the mixed benzene market fell first and then rose at the beginning of this week, and the crude oil and styrene market both weakened in the early stage, which affected the mentality of the pure benzene market. In addition, the pure benzene inventory was at a high level as a whole, the market trading was slightly light, and the price was down. In the later period, the crude oil rose, the styrene market rose, the pure benzene market atmosphere rose, and the market price rose slightly. The price of hydrogenation benzene is mainly weak this week, and the price of main production areas has been slightly reduced, and the current price is about 7000 yuan/ton.

In terms of the hydrogenation benzene market, the ex-factory price of this week was mainly down, and the main production area was reduced by about 200 yuan/ton. The market price fluctuated in a narrow range following the fluctuation of the pure benzene market, and fell by about 50 yuan/ton in the week. On the supply side, hydrogenation benzene enterprises have a strong attitude of price fixing this week, but the overall market is weak, so the transaction situation is weak. In terms of demand, the trend of main downstream commodities is volatile, the demand has not yet recovered, the demand for raw materials is general, some downstream devices have maintenance plans, and the market is expected to reduce the demand in the future. Overall, the performance of the current industrial chain is generally weak, but the recent rebound of crude oil is obvious, which has some support for the industrial chain. It is expected to maintain a narrow volatility trend in the short term.