SunSirs--China Commodity Data Group

Member ID: password: Join Now!
Commodity News

SunSirs: Boosted by Crude Oil, Pure Benzene Rose During the National Day Holiday

October 13 2022 13:06:38     SunSirs (John)

Price trend

According to the monitoring data of SunSirs, pure benzene rose during the National Day holiday. On September 30, the price of pure benzene was 7,850-8,200 RMB/ton (average price 7,917 RMB/ton), and on October 11, the price was 8,200-8,400 RMB/ton (average price 8,284 RMB/ton), up 4.63% from the price before the festival and down 2.31% from the same period last year.

Analysis review

Due to the strong rise of crude oil during the holiday period and the rise of pure benzene in Asia, the domestic pure benzene market was boosted. During the National Day holiday, the market in East China was closed, and the local refining enterprises in Shandong had a good shipment and prices rose. After the festival, Sinopec raised the listing price of pure benzene twice, up 350 RMB/ton to 8,200 RMB/ton (some refineries in North China increased to 8,250 RMB/ton).

In terms of external market, the reference price of pure benzene in the Korean market on October 7 was 919 US dollars/ton, up 32 US dollars/ton or 3.61% compared with that before the festival; The reference import price in East China was 937 US dollars/ton, up 20 US dollars/ton or 2.18% compared with that before the festival.

In terms of crude oil, the OPEC+ meeting decided to cut the output by 2 million barrels per day from November on the basis of that in August. The decision of OPEC+ to significantly reduce the output was good for the crude oil market, and international oil prices rose for five consecutive days. As of October 7, Brent prices rose by 9.96 dollars/barrel, or 11.32%; WTI rose by 13.15 dollars/barrel, or 16.54%.

In the downstream, except for maleic anhydride, the prices of most downstream products increased to varying degrees.

Market outlook

The downstream demand for pure benzene has been repaired, and the price is relatively strong in the short term supported by crude oil. However, after the arrival of imported pure benzene, the port inventory continued to accumulate. If crude oil falls, pure benzene may weaken.

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

Related Information
Energy
Chemical
1,3-butadiene | 2-EH | Acetic acid | Acetic anhydride | Acetone | Acrylic acid | Activated charcoal | Adipic acid | Aluminum fluoride | Ammonium nitrate | Ammonium sulfate | BDO | Benzene | Bisphenol A | Bromine | Butyl acetate | Butyl Acrylate | Calcium carbide | Calcium chloride | Calcium Formate | Caustic soda | Chlorinated Paraffin | Chloroacetic acid | Chloroform | CPL | Cryolite | Cyclohexane | DBP | Dichloromethane | Diethylene glycol | Dimethyl carbonate | DMF | DOP | DOTP | EA | ECH | Epoxy resin | Ethyl Acrylate | Ethylene oxide | Ferrous lithium phosphate | Flake caustic soda | Fluorite | Formaldehyde | Formic acid | Glycerol | Hexafluoropropylene | Hydrochloric acid | Hydrofluoric acid | Hydrogen peroxide | Hydrogenated benzene | IPA | Isobutanol | Isooctyl Acrylate | Liquid ammonia | Lithium carbonate | Lithium hydroxide | Maleic anhydride | MEK | Melamine | MIBK | N-butanol | N-butyraldehyde | N-Methylpyrrolidone | N-propanol | Neopentyl glycol | Nitric acid | Orthoboric acid | OX | PA | PAC | PAM | Paraformaldehyde | PCE | PEG | Phenol | Phosphate rock | Polysilicon | Potassium carbonate | Potassium chloride | Potassium nitrate | Potassium sulfate | Propane | Propylene | Propylene Glycol | Propylene oxide | PTFE | R134a | R22 | Resorcinol | Silica | Silicone DMC | Soda ash | Sodium acetate | Sodium Bicarbonate | Sodium metabisulfite | Stearic acid | Sulfur | Sulfuric acid | TDI | Titanium Dioxide | Titanium tetrachloride | Trichloroethylene | Urea | vitamin A | vitamin C | vitamin E |
Rubber & plastics
Textile
Non-ferrous metals
Steel
Building materials
Agricultural & sideline products