Fundamentals support price rise of hydrobenzene (May 6-8)

From May 6 to August 2021, the ex factory price of hydrogenated benzene in North China increased. The domestic ex factory price was 7275 yuan / ton at the beginning of the week and 7625 yuan / ton at the end of the week, with a weekly increase of 4.81%.

Gamma Polyglutamic Acid

Price rise and fall of domestic main hydrogenated benzene market from May 6 to 8 (unit: yuan / ton)

Region, price on May 6, price on May 8, weekly rise and fall

East China, 7500-7600, 7800-7850, + 275

Shandong area, 7150-7250., 7400-7500., + 250

This week (May 6-8), the market price of hydrobenzene in Shandong Province was dominated, with 7200 yuan / ton at the beginning of the week and 7450 yuan / ton at the end of the week, up 250 yuan / ton.

In May 2021, Sinopec’s listed price of pure benzene was raised once. At present, the price is 7700 yuan / ton, of which Qilu Petrochemical is 7650 yuan / ton.

Since the end of April, the external price of pure benzene has risen sharply, and the crude oil price has been consolidated at a high level in the same period. Supported by favorable fundamental factors, Sinopec raised the ex factory price of pure benzene once before the festival, and rose again after the festival, with a total increase of 400 yuan / ton. Domestic pure benzene industry chain is bullish, downstream styrene and other markets are also strong operation, good support is obvious. The market of hydrobenzene follows the trend of pure benzene.

In terms of aftermarket, the business community thinks that under the current favorable factors of fundamentals, driven by the overall upward trend of the industrial chain, there is still room for upward trend in the aftermarket.

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