The commodity index of hydrogenated benzene on July 17 was 33.39, which was flat compared with yesterday, decreased by 67.27% from 102.01 point (2014-01-09), and increased by 11.34% from 29.99 point, the lowest point on April 07, 2020. (Note: the period refers to December 1, 2013 to now).
Price rise and fall of domestic main hydrobenzene markets from July 13 to 17 (unit: yuan / ton)
Regional prices rose and fell weekly on the 13th and 17th
East China 3100-3150 3000-3100 – 75
Shandong Province 2950 ～ 3050 2900 ～ 3000 – 50
This week, Sinopec’s listed price of pure benzene continued to be stable, and the price of pure benzene in Shandong was weakened by the pressure of delivery. This week, the port inventory rose again, and the main port inventory is about 264000 tons. On the external side, this week’s external shocks declined. On Friday (July 17), South Korea imported 407 US dollars / ton of pure benzene, down 7.67 US dollars / ton, or 1.85% compared with July 9; and East China’s imports of pure benzene were 415.5 US dollars / ton, down 12.5 US dollars / ton, or 2.92% compared with July 9. There are negative factors in the fundamentals. Recently, the bearish sentiment of hydrobenzene market is strong, and the cost pressure of enterprises is large.
Start up of some hydrogenated benzene units
Enterprise name device status device capacity remarks
Shandong Shengyun Chemical Park 100000 tons
Shandong Derun Chemical Park 150000 tons
Shandong Jinneng Chemical Co., Ltd. plans to restart on July 16
Panjin Ruide parking 200000 tons, planned to restart on July 18
Recently, there are still many overhauls in hydrogenated benzene enterprises, some of which have been shut down for more than three months. The units of Tangshan Baoshun, Panjin Ruide and Jinneng have been shut down, and the restart time is at the end of this month. This week, the start-up of hydrobenzene Unit continued to decline, and the production of hydrobenzene will be affected in the near future.
One week price change of hydrobenzene market in Shandong
Market July 13 July 14 July 15 July 16 July 17
Shandong 2950-3050 2950-3050 2900-3000 2900-3000 2900-3000 2900-3000
This week, the market price in Shandong area fluctuated slightly, with weekly decrease of 50 yuan / ton and negotiation of 2900-3000 yuan / ton. The bidding price of crude benzol in Shandong area will be reduced by about 140 yuan / ton this week, and the current implementation is about 2390-2395 yuan / ton.
The basic support is limited, and the market bearish sentiment is strong. The cost pressure of hydrogenated benzene enterprises remains. The number of maintenance units is increased compared with the previous period. After the maintenance of the downstream phenol ketone unit, styrene profit has improved in the near future, but it is still at a low level. The downstream demand is slightly improved compared with the previous period, but it is not enough to support the hydrobenzene market.
In the future, the business agency believes that in the short term, the domestic pure benzene market may maintain a standstill. Sinopec’s listing price has been stable for more than a month, so it is difficult for pure benzene port pressure to change significantly in the short term. Crude oil will continue to fluctuate in the range. OPEC and its production reduction allies plan to relax the production reduction restrictions in August, with limited upward space for crude oil prices, and fundamental factors affecting the hydrobenzene market. At the end of the month, some units have plans to start operation, and the on-site supply will increase. It is expected that the market will mainly stagnate in the short term.
| Thiourea |