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SunSirs: Domestic market dynamics of benzene on April 22

April 22 2022 15:05:07     

Price dynamics: on April 22, Sinopec North China: Qilu Petrochemical offered 8450 RMB/ton, Shijiazhuang refining and chemical offered 8400 RMB/ton;

East China: Yangzi Petrochemical offers 8450 RMB/ton;

South China: Hainan Refining & Chemical Co., Ltd. offers 8450 RMB/ton;

Central China: Wuhan ethylene offers 8450 RMB/ton, Changling Refining and chemical offers 8450 RMB/ton;

Others: Dongming Petrochemical offers 8400 RMB/ton, HSBC Petrochemical 8500 RMB/ton, Jincheng Petrochemical 8500 RMB/ton, Weilian chemical 8553 RMB/ton, Xinhai petrochemical 8550 RMB/ton and Hongrun petrochemical 8550 RMB/ton.

Analysis and comments: in terms of crude oil, under the political situation in Russia and Ukraine, the fear of tight supply in the future remains unabated, and the EU is considering gradually stopping purchasing crude oil from Russia, which will further aggravate the expectation of supply tightening. Superimposed on the obvious decline of crude oil inventory in the United States, the inventory of refined oil also decreased, and the oil price is supported upward.

Today, Jincheng Petrochemical's  benzene increased by 100 RMB/ton, Xinhai Petrochemical's  benzene increased by 50 RMB/ton, and Weilian chemical's  benzene increased by 50 RMB/ton.

Styrene continued to rise, the enthusiasm of filling up the empty space before the downstream Festival increased, the transaction in the  benzene market improved, and the price continued to rise. Today, the price of domestic  benzene is 8400-8550 RMB/ton.

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