SunSirs: October 8, 2023 Domestic Market Dynamics of Pure Benzene
October 08 2023 14:35:03 SunSirs (John)
Price dynamics:
On October 8th, Sinopec Group North China region: Qilu Petrochemical quoted 8,000 RMB/ton, Shijiazhuang Refining and Chemical quoted 8,000 RMB/ton, and Tianjin Petrochemical quoted 8,000 RMB/ton;
East China region: Yangzi Petrochemical quoted 8,000 RMB/ton;
South China region: Hainan Refining and Chemical quoted 8,000 RMB/ton;
Central China region: Wuhan ethylene quoted 8,000 RMB/ton;
Others: Jingbo Petrochemical quoted 7,750 RMB/ton, HSBC Petrochemical quoted 8,000 RMB/ton, Weilian Chemical quoted 7,703 RMB/ton, Xinhai Petrochemical quoted 7,750 RMB/ton, and Hongrun Petrochemical quoted 8,000 RMB/ton.
Analysis review
Today, the price of Jingbo Petrochemical's pure benzene is stable, Weilian Chemical's pure benzene is stable, and Xinhai Petrochemical's pure benzene is stable.
Yesterday, after the main listing was lowered to 8,000 RMB/ton, the market's decline slowed slightly and stabilized around 7,750-7,800 RMB/ton. It is expected that East China pure benzene will consolidate and operate in the morning. Today, the domestic price of pure benzene is between 7,703-8,000 RMB/ton.
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