According to the Commodity Market Analysis System of Business Society, from August 4 to August 11, 2022, the ex factory price of hydrogenated benzene in North China increased significantly, from 7783.33 yuan/ton last week to 7900 yuan/ton this week, an increase of 1.5%.

In terms of crude oil: During this cycle, the crude oil market rose first and then fell, with an overall upward trend. On August 10th, international crude oil futures closed lower. The settlement price of the main contract for WTI crude oil futures in the United States was $82.82 per barrel, a decrease of $1.58 or 1.9%. The settlement price of the main contract for Brent crude oil futures was $86.40 per barrel, a decrease of $1.15 or 1.3%. The weak economic data in the United States, coupled with the uncertain outlook for Chinese demand, has put pressure on the oil market and led to a downward trend.

The factory price of Sinopec pure benzene has increased by a total of 150 yuan/ton during this cycle, with a current implementation of 7750 yuan/ton.

Other companies: Jingbo Petrochemical quoted 7800 yuan/ton, HSBC Petrochemical quoted 7750 yuan/ton, Weilian Chemical quoted 8003 yuan/ton, Xinhai Petrochemical quoted 7800 yuan/ton, and Hongrun Petrochemical quoted 7750 yuan/ton.

According to the Commodity Market Analysis System of Business Society, the price of pure benzene has slightly increased this week. On August 7th, the price of pure benzene was 7675 yuan/ton, and on Friday (August 11th), the price of pure benzene was 7800 yuan/ton, an increase of 1.66% compared to last week and a decrease of 4.38% compared to the same period last year.

The K-bar chart of commodity prices uses the concept of a price trend K-line to reflect weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell investments based on the changes in the K-bar chart. Red indicates an increase; Green indicates a decline; The height of the K-bar represents the range of fluctuations. The weekly K-bar chart of pure benzene shows that the pure benzene market has seen a positive trend in recent times. After ten consecutive weeks of decline, it has continued to rise for six consecutive weeks.

From the perspective of the industrial chain, crude oil continued to show a strong trend this week. The pure benzene market was affected by the tight inventory in East China, and prices continued to rise during the week. Sinopec has raised the ex factory price of pure benzene to 7750 yuan/ton. Driven by the pure benzene market, the hydrogenation benzene market continued to rise this week, but the increase was relatively small.

Driven by the pure benzene market, the hydrogenation benzene market continued to rise this week. Currently, the factory price in Hebei region has risen to 7850-7900 yuan/ton, an increase of 50-150 yuan/ton. The market price in East China has risen to 8000 yuan/ton. On the supply side, due to tight profits, the operating rate of hydrogenation benzene enterprises has slightly declined this week, and currently, on-site supply is relatively normal. There has been little change in demand. In terms of raw materials, the auction price of crude benzene has risen again this week, and the profitability of hydrogenation benzene enterprises remains poor, resulting in significant cost pressure for enterprises. In the future, there has been no significant change in supply and demand, and the trend of hydrogenated benzene will still follow the fluctuations of the pure benzene market. At present, the price of pure benzene is fluctuating at a high level, and there is a resistance mentality in the downstream. However, the overall supply of pure benzene is tight, which has a certain boost to the market. It is expected that the market for pure benzene and hydrogenated benzene will experience high volatility in the short term.