SunSirs: Domestic market dynamics of benzene on June 15
June 16 2022 09:03:53Price dynamics: on June 15, Sinopec Group in North China: Qilu Petrochemical offered 9950 RMB/ton, Shijiazhuang Refining & Chemical offered 9900 RMB/ton;
East China: Yangzi Petrochemical offers 10000 RMB/ton;
South China: Hainan Refining & Chemical Co., Ltd. offers 10000 RMB/ton;
Central China: Wuhan ethylene offers 10000 RMB/ton;
Others: Jingbo Petrochemical offers 9550 RMB/ton, HSBC Petrochemical offers 10000 RMB/ton, Weilian chemical offers 9703 RMB/ton, Xinhai Petrochemical offers 9850 RMB/ton, and Hongrun Petrochemical offers 10050 RMB/ton.
Analysis and comments: in terms of crude oil, the CPI of the United States exploded in May. The market is worried about the possibility that the Federal Reserve may raise interest rates significantly than expected, and the oil price is under short-term pressure.
Today, Jingbo Petrochemical reduced the price of benzene by 200 RMB/ton, and Xinhai Petrochemical reduced the price of benzene by 100 RMB/ton.
Benzene fell slightly today. The inventory of East China ports this week increased by 9000 tons compared with last week and decreased by 27000 tons compared with the same period last year. Benzene port inventory shows signs of warming up. In addition, the overhaul period of benzene is over, and the supply is expected to be loose in the later period. Today, the price of benzene in China is 9550-10050 RMB/ton..
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