From October 19 to 23, 2020, the market price of crude benzene will go up. The ex factory price in North China will be at 2437.75 yuan / ton at the beginning of the week and 2646.25 yuan / ton at the end of the week, with a weekly increase of 6.97%.

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

Price adjustment amount after date adjustment

October 9 3300 – 150

October 14 3350 + 50

October 16 3400 + 50

October 20 3500 + 100

October 22 3600 + 100

In October 2020, the price of pure benzene of Yangzi Petrochemical (Sinopec East China) will be lowered once and increased four times. As of October 16, the price will be 3600 yuan / ton.

The coking enterprises started well this week, and the fifth round of increase of coke fell to the ground this week, with a cumulative increase of 250 yuan / ton. The current profits of coking enterprises are relatively high, coupled with the recent lax environmental protection policies, the operating rate of enterprises is high, and the supply of crude benzene is sufficient. This week, the market trend of pure benzene is good, and the operating rate remains at 80%. After the festival, the pure benzene market is in the rising channel driven by the downstream styrene and the rising external market. Sinopec’s listing was raised twice on the 20th and 22nd, totaling 200 yuan / ton, and now it is 3600 yuan / ton. The crude benzol Market was boosted and trading was active. The bidding price of main production areas increased sharply this week, and the price of Shandong Province rose by about 230 yuan / ton.

In terms of downstream demand, the comprehensive operating rate of hydrogenated benzene enterprises decreased slightly this week and remained at about 55%. Some units entered the maintenance season, and the demand for crude benzene in some areas decreased slightly, and the overall demand was still good.

In terms of aftermarket, the business agency believes that most of the good news in the pure benzene market is brought by styrene. The price of styrene is currently high, and the future market is expected to be dominated by high consolidation, and the pure benzene market will maintain consolidation next week. In addition, there are maintenance plans for some enterprises in the downstream hydrobenzene unit in the near future, so the demand for crude benzol has been reduced to some extent. It is expected that the crude benzene Market in the future will be mainly consolidated, and the downstream demand and the favorable impact of pure benzene will be focused on.