On June 26, the hydrogenated benzene commodity index was 37.71, unchanged from yesterday, 63.03% lower than the highest point 102.01 (2014-01-09), and 25.74% higher than the lowest point 29.99 on April 7, 2020. (Note: cycle refers to 2013-12-01 to now).
| Benzalkonium chloride |
Summary of Sinopec pure benzene price adjustment in June 2020 (unit: yuan / ton)
Price adjustment amount after date adjustment
June 5 3600 + 100
June 10 3700 + 100
June 15 3600-100
June 19 3550-50
June 23 3500-50
June 24 3450-50
Sinopec cut the price of pure benzene for two times from the 22nd to the 24th of this week, with a cumulative reduction of 100 yuan / ton. After the adjustment, 3450 yuan / ton will be implemented.
Market price change of hydrogenated benzene in main domestic market from June 22 to 24 (unit: yuan / ton)
Regional 22 day price 24 day price week up and down
East China 3500-3550 3300-3350-200
Shandong 3350-3400 3100-3200-225
This week, the pure benzene market continued to decline. Sinopec lowered the price of pure benzene to 3450 yuan / ton twice in a row, with a reduction rate of 100 yuan / ton. The external market of pure benzene also continued to decline this week. In addition, the recent frequent rise and fall of the crude oil market led to the aggravation of market wait-and-see mood. The port inventory of pure benzene was high, reaching about 230000 tons. The basic negative factors affected the market mentality of hydrogenated benzene. On the 24th, the upstream crude The bidding price of benzene was significantly reduced on the last working day before the festival. The bidding price of mainstream enterprises in Shandong Province was 2530-2535 yuan / ton, with a decrease rate of about 350 yuan / ton. The price difference of crude benzene hydrobenzene was further reduced, and the cost pressure of hydrobenzene enterprises increased accordingly. There are many market negative factors. This week, the market price of hydrobenzene dropped by about 200 yuan / ton.
Summary of main downstream commencement of hydrobenzene in June 2020 (unit: yuan / ton)
| Sodium Molybdate |
Change of 24-day operation rate of products compared with that at the beginning of the month
Styrene 84% – 8%
Cyclohexanone 66% – 13%
Adipic acid 60% – 4%
Phenol 64% – 14%
Aniline 35% – 23%
Maleic anhydride 74% + 4%
Caprolactam 81% + 7%
The operating rate of downstream styrene, phenol and other enterprises has declined this week, among which the operating rate of aniline has declined significantly, reaching about 40%. As a whole, the operating rate of downstream has declined as a whole, and the demand for hydrobenzene is weak.
According to the business community in the aftermarket, with the weakening of the pure benzene market, high social inventory, unstable crude oil price, strong market wait-and-see mood, limited demand for losses in the downstream and other basic negative factors, it is expected that the downward pressure in the hydrogenation benzene market will be large, and the aftermarket still needs to focus on the changes in crude benzene and pure benzene inventory.
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