The commodity index of hydrogenated benzene on August 27 was 34.63, which was 0.14 points lower than yesterday, 66.05% lower than 102.01 points (2014-01-09), 15.47% higher than 29.99 points on April 07, 2020. (Note: the period refers to December 1, 2013 to now).

 

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

 

Price adjustment amount after date adjustment

August 5 3400 + 100

In August 2020, Sinopec only raised the price once. By the end of the month, Sinopec North China pure benzene implemented 3400 yuan / ton, up 100 yuan / ton compared with the same period of last month.

 

It can be seen from the price trend chart of hydrobenzene in Shandong Province monitored in the above figure that the hydrobenzene market rose slightly at the beginning of the month and then fluctuated. It began to enter the downward channel in the middle of the month, and the price fluctuated slightly at 50 yuan / ton in the last ten days. At the beginning of the month, Sinopec’s pure benzene price was raised to 3450 yuan / ton on the 5th due to the price difference between internal and external markets. As a result, hydrogenated benzene enterprises raised their ex factory prices one after another, and traders followed. However, the downstream demand was limited, and the cost pressure brought by the crude benzene price hike dragged down. The high price only lasted for two days, and the price of hydrogenated benzene began to decline in the near weekend. After that, along with the downward trend of pure benzene market price, high pure benzene inventory in East China, weak external news, increased downstream unit shutdown, and poor demand for pure benzene, the market price of hydrobenzene decreased by about 100 yuan / ton, and it was consolidated for a period of time. The price of benzene continued to decline before and after 100 tons of benzene. In the last working week of August, the price of hydrogenated benzene has been maintained at about 3000 yuan / ton, and the fluctuation is not more than 10 yuan / ton. As of the end of the month, the market price of hydrogenated benzene was temporarily stable, the cost pressure of hydrogenated benzene enterprises was still large, and the inventory of petroleum benzene was still on the high side, about 265000 tons. The profit in the downstream market of pure benzene was average. Although some units shut down in the early stage were put into operation, the demand for hydrogenated benzene increased slightly. The bidding price of crude benzene increased this week, and the cost pressure of hydrogenated benzene was high.

 

The pure benzene market continued to decline. As of the end of the month, the port inventory was still on the high side and the supply was normal. The downstream phenol and caprolactam operating rates increased significantly, and there was a certain demand support for hydrogenated benzene. However, the downstream profit is limited, and the support for the price is not strong. Although the crude benzene price in this month is back to the level at the beginning of the month at the end of the month, the sales of crude benzene are not so good under the restriction of basic factors such as pure benzene.

 

Start up of some hydrogenated benzene units in August 2020

 

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Enterprise name device status device capacity remarks

Shandong Shengyun chemical shutdown 100000 tons, restart time to be determined

Laiwu Iron and steel normal 100000 tons

The parking capacity of Shandong Jinneng Chemical Co., Ltd. is 100000 tons to be determined

Shanxi sanwei parking 200000 tons to be determined

Shandong Huineng chemical normal 200000 tons

In the near future, there are still many overhauls in hydrogenated benzene enterprises, but the overall operating rate has increased, which can reach more than 60%, slightly higher than that in the previous period.

 

In the future, the business agency believes that the market cost pressure of hydrogenated benzene remains, the price of pure benzene has fluctuated downward in the near future, and there are still many negative fundamentals. It is expected that the future market of hydrobenzene will be mainly affected by the impact, and the fluctuation will be limited.

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