SunSirs: Domestic Market Trends of Pure Benzene on November 16
November 17 2022 13:12:37 SunSirs (John)
Price dynamics
On November 16, Sinopec North China: Qilu Petrochemical offered 7,000 RMB/ton, Shijiazhuang Refining and Petrochemical 7,000 RMB/ton, and Tianjin Petrochemical 7,000 RMB/ton;
East China: Yangzi Petrochemical quoted 7,000 RMB/ton;
South China: Hainan Refining&Chemical Co., Ltd. offered 7,000 RMB/ton;
Central China: Wuhan ethylene quoted 7,000 RMB/ton;
Others: Jingbo Petrochemical quoted 6,950 RMB/ton, HSBC Petrochemical quoted 7,050 RMB/ton, Weilian Chemical quoted 6,953 RMB/ton, Xinhai Petrochemical quoted 7,000 RMB/ton, and Hongrun Petrochemical quoted 7,050 RMB/ton.
Analysis and comments:
In terms of crude oil, the International Energy Agency raised the global crude oil demand forecast to boost the crude oil market. The oil price rose on 15th.
On the 16th, Jingbo Petrochemical lowered the price of pure benzene by 50 RMB/ton.
The buying of pure benzene market was not good, and the focus was weakening again. On the 16th, the price of domestic pure benzene was 6,950-7,050 RMB/ton.
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