From January 28 to February 11, 2022, the bidding price of crude benzene increased by 8.13% from 5999 yuan / ton last weekend to 6487 yuan / ton this weekend.

Summary of price adjustment of Sinopec pure benzene (unit: yuan / ton)

Date, Adjusted price, Adjustment amount

January 11, 7400.,+100

January 14, 7550.,+150

January 19, 7700.,+150

February 7, 8100.,+400

February 11, 7950.,-150

On February 11, 2021, the listing price of pure benzene of Sinopec was reduced by 150 yuan / ton to 7950 yuan / ton, and that of Qilu Petrochemical was 7900 yuan / ton.

Crude oil: on February 10, international crude oil futures prices rose and fell. U.S. WTI crude oil futures closed up slightly, with the settlement price of the main contract at US $89.88/barrel, up US $0.22 or 0.25%. Brent crude oil futures fell slightly, with the settlement price of the main contract at US $91.41/barrel, down US $0.14 or 0.15%. Previous data showed that the US crude oil inventory fell unexpectedly, the demand for refined oil reached a record high, and the demand supported the strengthening of oil prices; But at the same time, crude oil is constrained by Iran’s return to the international market and the expectation of the Federal Reserve raising interest rates. At present, the market is intertwined and the oil market is anxious.

After the opening of the festival, the price of crude benzene was corrected as a whole. The bidding price increased significantly this week. The mainstream price in Shandong was 6580 ~ 6585 yuan / ton, up 370 yuan / ton from the last bidding price. During the Spring Festival, crude oil rose sharply, driving the price of pure benzene higher. After the festival, Sinopec raised the ex factory price of pure benzene by 400 yuan / ton, and the hydrogenated benzene market rose, boosting the confidence of the industrial chain. And there is a certain replenishment demand in the downstream after the festival. Under the support of multiple benefits, the bidding price increased significantly this week.

In the future, the downstream demand of fundamentals is OK, but the pure benzene market has a slight correction, coupled with the impact of production restriction of the Winter Olympic Games, the negative factors have increased, and the demand for crude benzene is expected to decrease in the future, which may have room for decline.