Market price of main domestic hydrogenated benzene Market on May 7 (unit: RMB/ton)
| Market | Price on May 7 RMB/ton |
| East China |
8850~8950 |
| Shandong region | 8600~8700 |
On May 5, international crude oil futures continued the rise of the previous trading day and rose slightly. The settlement price of the main contract of WTI crude oil futures in the United States was US $108.26/barrel, up US $0.45 or 0.4%; The settlement price of the main contract of Brent crude oil futures was US $110.90/barrel, up US $0.76 or 0.7%. Earlier, the EU formulated a plan to gradually stop importing Russian oil, and the oil embargo triggered concerns about supply tightening. At the same time, the decline in demand caused by epidemic control measures in Asia, the strengthening of the US dollar and the downward pressure on global stock markets limited the rise of oil prices.
Crude oil continued to rise, the price of pure benzene in Asia rose, and the cost support was good. Sinopec raised the price of pure benzene by 150 RMB/ton and implemented 8850 RMB/ton, which gave good support to the market. The domestic pure benzene market negotiation is active, the enterprise inventory pressure is small, and the local refining price continues to rise, boosted by the price increase of the main refinery. At present, the mainstream price of domestic pure benzene is 8650-8900 RMB/ton.
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