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Home > Benzene News > News Detail
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SunSirs: The Price of Pure Benzene Slightly Decreased This Week (August 28-September 1)

September 04 2023 14:24:26SunSirs(John)

Price trend

According to the Commodity Market Analysis System of SunSirs, the price of pure benzene slightly decreased this week. On August 28th, the price of pure benzene was at 7,850 RMB/ton, and on Friday (September 1st), the price of pure benzene was at 7,800 RMB/ton, a decrease of 0.63% compared to last week and an increase of 3.71% compared to the same period last year.

Analysis review

The price of Sinopec pure benzene this week was 7,850 RMB/ton (prices in Shandong and Hebei regions were synchronized).

Downstream aspect

Except for a few products, almost all downstream products had experienced varying degrees of increase, especially acetone and phenol, with an increase of over 27%.

Market outlook

Crude oil rose broadly and was expected to shake and consolidate in East China in the morning of September 1.

The OPEC+ production reduction atmosphere continued to provide support, with expectations of tight supply increasing and international oil prices continuing to rise. NYMEX crude oil futures contract 10 rose by 2.00 US dollars per barrel or 2.45% to 83.63 US dollars per barrel; ICE oil futures contract 10 was up 1.00 US dollars per barrel, or 1.16%, at 86.86 US dollars per barrel. The main contract for China INE crude oil futures, 2310, rose 6.6 RMB to 643.6 RMB/barrel, and rose 7.8 RMB to 651.4 RMB/barrel in overnight trading.

Core logic: On August 31st, the mainstream price in East China was 7,700-7,740 RMB/ton, and delivery was basically completed. Replenishment demand slowed down, resulting in a slight decline in the market. Shandong was priced at 7,740-7,800 RMB/ton, with the main business listing falling in price and insufficient market buying, and transaction volume decreased.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.

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