Price dynamics:

On June 6th, Sinopec Group North China region: Qilu Petrochemical quoted 6,500 RMB/ton, Shijiazhuang Refining and Chemical quoted 6,500 RMB/ton, and Tianjin Petrochemical quoted 6,500 RMB/ton;

East China region: Yangzi Petrochemical quoted 6,500 RMB/ton;

South China region: Hainan Refining and Chemical quoted 6,500 RMB/ton;

Central China region: Wuhan ethylene offers a price of 6,500 RMB/ton;

Others: Jingbo Petrochemical quoted 6,650 RMB/ton, HSBC Petrochemical quoted 6,500 RMB/ton, Weilian Chemical quoted 6,453 RMB/ton, Xinhai Petrochemical quoted 6,580 RMB/ton, and Hongrun Petrochemical quoted 6,500 RMB/ton.

Analysis review

On the 6th, the price of Jingbo Petrochemical pure benzene increased by 50 RMB/ton, Weilian Chemical pure benzene price decreased by 30 RMB/ton, and Xinhai Petrochemical pure benzene price increased by 30 RMB/ton.

Market outlook

Crude oil has stopped falling and rebounded, and it is expected that prices will consolidate in the near future. On the 6th, the domestic price of pure benzene was between 6,453-6,650 RMB/ton.

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