In February 2021, the bidding price of crude benzene in Shandong Province rose sharply, 3450-3455 yuan / ton before the festival, 4780-4785 yuan / ton after the festival, and 1330 yuan / ton during the Spring Festival, an increase of 38.55%. In February, the cumulative increase was 1780 yuan / ton.

In terms of crude benzene, the market gradually returned to normal after the festival. However, due to the fact that most manufacturers signed orders on February 4 until February 23 and 24, the crude benzene still implemented pre Festival price driven by the sharp rise of downstream hydrogenated benzene. As a result, the cycle of sharp rise of domestic chemical commodities after the festival was missed. On February 22, a new round of price setting for some coking enterprises started from February 23 and began in 11 months After that, the price of crude benzene returned to more than 4000.

Before and after the Spring Festival, Sinopec’s listed price of pure benzene increased four times, with a total increase of 1300 yuan / ton. After adjustment, RMB 6450 / T will be implemented, of which RMB 6400 / T will be implemented by Qilu Petrochemical.

In February 2021, the market price of hydrobenzene in East China rose sharply, 5350 yuan / ton before the festival, 5900 yuan / ton after the festival, 1000 yuan / ton during the Spring Festival, and 1625 yuan / ton this month.

During the Spring Festival, affected by the rising prices of crude oil and pure benzene, hydrobenzene enterprises have followed suit, rising by about 1000-1200 yuan / ton. The mainstream ex factory prices in Hebei are all above 6000 yuan / ton. Crude benzene is the direct raw material of hydrogenated benzene. It is expected that the price of this round of bidding will rise sharply. At present, the price of hydrogenated benzene fluctuates at a high level, the profit of enterprises is good, the crude benzene purchase is more active, and the market atmosphere is more active.

In the future, the business community believes that at present, the international crude oil and pure benzene are in high consolidation, and the units shut down before the end of the month are about to start operation, the supply tension will be eased, and the market price will gradually become rational. At present, the profit of hydrobenzene enterprises is much better than that in the earlier stage, and the demand for crude benzene will be supported to a certain extent. Future still need to focus on the price trend of pure benzene, as well as the upcoming second quarter maintenance season, the start-up of the device.