Price dynamics: on July 18, Sinopec North China: Qilu Petrochemical offered 8950 yuan / ton, Shijiazhuang refining and chemical offered 8950 yuan / ton, and Tianjin Petrochemical offered 9150 yuan / ton;

East China: the quotation of Yangzi Petrochemical is 9150 yuan / ton;

South China: Hainan refining and Chemical Co., Ltd. offers 9150 yuan / ton;

Central China: the quotation of Wuhan ethylene is 9150 yuan / ton;

Others: Jingbo Petrochemical offers 8650 yuan / ton, HSBC Petrochemical offers 9100 yuan / ton, Weilian chemical offers 8603 yuan / ton, and Xinhai Petrochemical offers 8800 yuan / ton.

Analysis and comments: in terms of crude oil, the market expressed doubts about the output increasing capacity of the organization of Petroleum Exporting Countries (OPEC), mainly because of its limited space for residual capacity; In addition, Saudi Arabia said it would not immediately increase oil production, and the tight supply is expected to boost oil prices.

Today, Jingbo Petrochemical reduced the price of pure benzene by 70 yuan / ton; Xinhai Petrochemical raised the price of pure benzene by 100 yuan / ton.

Crude oil rebounded last Friday, and pure benzene in the outer disk fell slightly. After the decline of pure benzene, the downstream demand followed up, and the spot price rebounded slightly. Today, the price of pure benzene in China is 8600-9150 yuan / ton.