Price trend

The mainstream quotation range of the hydrogenation benzene market in Shandong region was between 6,800 to 6,900 RMB/ton, with an average price of 6,850 RMB/ton, an increase of 25 RMB/ton compared to the previous trading day.

Analysis review

Pure benzene: Jingbo Petrochemical quoted 7,100 RMB/ton, HSBC Petrochemical quoted 6,800 RMB/ton, Weilian Chemical quoted 6,903 RMB/ton, Xinhai Petrochemical quoted 7,000 RMB/ton, and Hongrun Petrochemical quoted 6,800 RMB/ton.

The strengthening of crude oil and styrene drove the overall strength of the industrial chain. Sinopec's pure benzene was raised to 6,800 RMB/ton, boosting market sentiment.

Market outlook

In the future, downstream demand is expected to improve, and the supply of hydrogenated benzene is slightly tight. Manufacturers have a strong attitude of supporting prices.

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