Price dynamics: on June 27, Sinopec Group in North China: Qilu Petrochemical offered 9250 yuan / ton, Shijiazhuang refining and chemical offered 9250 yuan / ton, and Tianjin Petrochemical offered 9600 yuan / ton;

East China: Yangzi Petrochemical offers 9600 yuan / ton;

South China: Hainan Refining & Chemical Co., Ltd. offers 9600 yuan / ton;

Central China: Wuhan ethylene offers 9600 yuan / ton;

Others: Jingbo Petrochemical quoted 9350 yuan / ton, HSBC Petrochemical 9500 yuan / ton, Weilian chemical 9303 yuan / ton, Xinhai Petrochemical 9300 yuan / ton, and Hongrun Petrochemical 9250 yuan / ton.

Analysis and comments: in terms of crude oil, the market has returned to fundamentals, and the supply price of crude oil is under tight support. However, affected by the expectation of interest rate hikes by many central banks across the country, the market is worried about the economic recession, and the oil price is still fluctuating in the range.

Today, Sinopec cut the price of pure benzene by 200 yuan / ton; Weilian chemical pure benzene increased by 100 yuan / ton, and Jingbo Petrochemical pure benzene increased by 100 yuan / ton.

Crude oil rebounded last Friday, and pure benzene in the external market fell slightly; East China port inventory continued to increase. The price of pure benzene in Shandong rebounded slightly due to the demand for air supply in the lower reaches at the end of the month. Today, Sinopec cut the price of pure benzene by 200 yuan / ton to 9600 yuan / ton, narrowing the price difference with local refining enterprises. Today, the price of pure benzene in China is 9300-9600 yuan / ton.