From August 3 to 7, 2020, the weekly crude benzene market rose slightly, with the ex factory price in North China at 2431.67 yuan / ton at the beginning of the week and 2492.50 yuan / ton at the weekend, with a weekly increase of 2.5%.

Summary of price adjustment of pure benzene in Sinopec (North China) in July 2020 (unit: yuan / ton)

Price adjustment amount after date adjustment

August 5 3400 + 100

On August 5, 2020, the price of pure benzene of Qilu Petrochemical (Sinopec North China) will be increased by 100 yuan / ton, and the price will be 3400 yuan / ton after adjustment.

Around May 5, the price of Brent crude oil futures market rose, with the settlement price of main contracts rising to US $45.17/barrel, up US $0.74 due to the double effects of US crude oil inventory reduction and continued weakening of US dollar. Oil prices rose to their highest level since early March. Sinopec raised the ex factory price of pure benzene by 100 yuan / ton this week. The external market of pure benzene fluctuated and went up this week. The price of crude benzene was boosted by the favorable fundamentals. The price of crude benzene rose this week. As of Friday, the market price of crude benzene in Shandong was about 2510 yuan / ton, up 35 yuan / ton compared with last week.

Downstream: in recent years, there are still a lot of overhauls in hydrogenated benzene enterprises, but the operating rate has been improved compared with that of last week. The demand for crude benzene slightly increased after the start-up of Hebei rongte and other units. Upstream: coking enterprises have better profits and higher operating rate this week. Recently, the environmental protection policy is slightly loose compared with the previous period. The operating rate of coking enterprises near Shandong and Hebei is generally above 80%, and the crude benzene production is higher.

In the future, the business agency believes that the cost pressure of downstream hydrobenzene enterprises is still large, the crude benzene market transaction is general, the market mentality is general, and it is expected that the future crude benzene market will be mainly sorted out.