On June 19, the commodity index of hydrobenzene was 84.02, which was the same as yesterday, decreased by 17.64% compared with the highest point of 102.01 in the cycle (January 09, 2014), and increased by 180.16% compared with the lowest point of 29.99 on April 7, 2020（ Note: period refers to the period from December 1, 2013 to now).

Price fluctuation of main domestic hydrogenated benzene market from June 14 to June 18 (unit: yuan / ton)

Region, June 14 price, June 18 price, weekly rise and fall

East China, 7650., 7750., + 100

Shandong Province, 7550., 7550., 0

This week (June 14 to June 18), the market price of hydrobenzene in Shandong was temporarily stable, at 7550 yuan / ton at the beginning of the week and 7550 yuan / ton at the end of the week.

Summary of price adjustment of Sinopec’s pure benzene in 2021 (unit: yuan / ton)

Date, adjusted price, adjusted amount

May 7, 7700, + 300

May 10, 8000, + 300

May 12, 8200, + 200

May 24, 7900, – 300

May 28, 7600, – 300

June 4, 7900, + 300

June 11, 7750, – 250

On June 11, 2021, Sinopec’s listed price of pure benzene was reduced by 250 yuan / ton. At present, it implements 7750 yuan / ton, among which Qilu Petrochemical implements 7700 yuan / ton.

This week, the international market of pure benzene was weak, and the crude oil market was strong in the first half of the week. Under the attack of good and bad news, the domestic pure benzene market was stable this week. In terms of port inventory, pure benzene continued to be destocked this week. Under the expectation of tight supply, the price of pure benzene was supported to a certain extent, and the trend of hydrogenation benzene market followed the trend of pure benzene temporarily stable this week.

In the future, the business community believes that the supply of pure benzene market is tight, but the profit of downstream industry chain is limited, and there are some overhauls. The demand for pure benzene and hydrogenated benzene is insufficient. It is expected that the hydrogenated benzene market will maintain a high volatility in the short term.