On September 28, the price dynamics of domestic benzene

Sinopec North China Region: The price of benzene of Qilu Petrochemical was 7,900 RMB/ton, the price of benzene of Shijiazhuang Refinery was 7,900 RMB/ton, and the price of benzene of Tianjin Petrochemical was 7,900 RMB/ton;

East China: Yangzi Petrochemical quoted 7,850 RMB/ton for benzene;

South China: Hainan Refinery's benzene is quoted at 7,850 RMB/ton;

Central China: The quotation of benzene of Wuhan ethylene w 7,850 RMB/ton;

Analysis review

In terms of crude oil, the OPEC+meeting is coming, and the market expects that the meeting policy may be aimed at reducing supply; Supply in the US Gulf region was limited before Hurricane Ian arrived, and international oil prices rebounded on 28th.

On the 28th, Weilian Chemical lowered the price of benzene by 100 RMB/ton; Xinhai Petrochemical raised the price of benzene by 50 RMB/ton.

Styrene continued to weaken, benzene negotiation in East China was weak, and there was demand in the downstream of Shandong, but due to arbitrage, the industry was cautious. On the 28th, the price of domestic benzene was 7,850-8,100 RMB/ton.

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