SunSirs: Domestic Market Dynamics of Pure Benzene on September 5, 2023

Price dynamics:

On September 5th, Sinopec Group North China region: Qilu Petrochemical quoted 7,750 RMB/ton, Shijiazhuang Refining and Chemical quoted 7,750 RMB/ton, and Tianjin Petrochemical quoted 7,750 RMB/ton;

East China region: Yangzi Petrochemical quoted 7,750 RMB/ton;

East China region: Yangzi Petrochemical quoted 7,750 RMB/ton;

Central China region: Wuhan ethylene offers a price of 7,750 RMB/ton;

Others: Jingbo Petrochemical quoted 8,030 RMB/ton, HSBC Petrochemical quoted 7,750 RMB/ton, Weilian Chemical quoted 8,153 RMB/ton, Xinhai Petrochemical quoted 8,030 RMB/ton, and Hongrun Petrochemical quoted 7,750 RMB/ton.

Analysis review

On September 5th, the price of Jingbo Petrochemical's pure benzene increased by 30 RMB/ton, Weilian Chemical's pure benzene price increased by 80 RMB/ton, and Xinhai Petrochemical's pure benzene price increased by 30 RMB/ton.

The external market had shown a strong upward trend, with pure benzene pushing up to around 7,950 RMB/ton in the night market. It is expected that pure benzene in East China will fluctuate at a high level in the morning. On September 5th, the domestic price of pure benzene was between 7,750-8,153 RMB/ton.

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