The crude benzene commodity index on November 29 was 45.20, unchanged with yesterday, 65.72% lower than 131.84 (2013-01-28), and 48.00% higher than the lowest point of 30.54 on April 8, 2020. (Note: period refers to 2011-09-01 to now).

In November 2020, the crude benzene market will fluctuate upward. The domestic ex factory price of crude benzene will be 2556.25 yuan / ton at the beginning of the month and 2886.25 yuan / ton at the end of the month, with a monthly increase of 12.91%.

In November 2020, Sinopec’s pure benzene price increased five times and decreased once, with a cumulative increase of 600 yuan / ton. As of the 30th, all refineries under Sinopec had implemented the unified implementation of 4200 yuan / ton.

The crude benzene market was mainly driven by the prices of pure benzene and crude oil. On the whole, the market price of styrene rose first and then fell this month, which led to the main market price of pure benzene. At the end of the month, affected by the fall of styrene, the pure benzene market went down and then rose. In terms of the start-up of coking enterprises, the seventh round of increase of coke in this month ended and the eighth round of increase was opened at the end of the month. Although there was no response from downstream steel mills, the recent decrease in the start-up of coking enterprises has been an indisputable fact. Affected by the environmental protection of major production areas and the gradual implementation of de capacity, the start-up of coking enterprises this month has slightly decreased, and the subsequent new capacity can not be replenished in a short time In the future, the market supply will be slightly tight. With the support of high profits, the overall coking operating rate of the whole country is about 80%. Driven by the recent market recovery, some downstream hydrogenated benzene enterprises have good demand for crude benzene.

In terms of downstream demand, the operating rate of hydrogenated benzene enterprises has been stable at about 65% in the near future, which is in an upward state as a whole. Some enterprises that shut down in the early stage started operation this month and have good demand for crude benzene.

In the future market, the business agency believes that the pure benzene and crude oil market are performing well, and the external price of pure benzene is still high, which has certain support for the market. Market participants generally look forward to the future market, and the future market focuses on the price trend of downstream products and the external market trend.