From December 2 to December 9, 2022, the ex factory price of hydrogenated benzene in North China rose slightly, at 6566.67 yuan/ton last weekend, and 6583.33 yuan/ton this weekend, up 0.25%.
| povidone Iodine |
Main domestic market price of hydrogenated benzene this week (unit: yuan/ton)
Market. Price on December 2. Price on December 9./Rise and fall
East China./6650 ～ 6700./6550 ～ 6600./- 100
Shandong region./6400~6450/. 6400~6450/-
Crude oil: Some economic data in the United States outperformed expectations, and the possibility of the Federal Reserve’s radical interest rate hike still exists, which suppressed the benefits of OPEC+production reduction and Western sanctions against Russia. The unexpected growth of the US ISM non manufacturing index in November, released on Monday, reflects that the domestic economy is still resilient. The continued economic boom has triggered market concerns about the Federal Reserve’s transition from “dove” to “eagle”, which may disappoint the Federal Reserve’s previous desire to slow down interest rate hikes. The market provided the basis for the Federal Reserve to curb inflation and maintain the monetary tightening path, which affected the crude oil market to decline significantly. The overall global economy is weak, the prospect of energy demand is still not optimistic, and the economic weakness depresses oil prices. On the whole, the price of crude oil fell sharply. International crude oil futures closed lower on December 8. The settlement price of the main contract of US WTI crude oil futures was 71.46 US dollars/barrel, down 0.55 US dollars or 0.76%. The settlement price of the main contract of Brent crude oil futures was 76.15 dollars/barrel, down 1.02 dollars or 1.32%. The market was shrouded in a negative atmosphere, and the oil market was dragged down by the fear of economic recession. The expectation of the Federal Reserve to raise interest rates next week will put pressure on oil prices and weaken energy demand.
Summary of Sinopec Pure Benzene Price Adjustment (Unit: yuan/ton)
| Melamine |
Date./Adjusted Price./Adjusted Amount
November 2./7200./- 250
November 4./7000./- 200
November 22./6800./- 200
November 29./6500./- 300
The ex factory price of Sinopec’s pure benzene will be reduced by 300 yuan/ton on November 29, 2022, and the current price is 6500 yuan/ton.
Other enterprise quotations: Chambroad Petrochemical quoted 6550 yuan/ton, HSBC Petrochemical quoted 6500 yuan/ton, Weilian Chemical quoted 6453 yuan/ton, and Xinhai Petrochemical quoted 6500 yuan/ton.
The K-bar chart of commodity prices reflects the weekly or monthly price changes in the form of a bar chart based on the concept of price trend K-line. Investors can buy, sell and invest according to the changes in the K-bar chart. Red means rising; Green means: down; The height of the K column indicates the range of rise and fall. The weekly K-bar chart of pure benzene shows that the price of pure benzene has fallen continuously since July, slightly recovered in late August and early September, and fell continuously in October and November.
In terms of pure benzene, the trend of crude oil in the first half of this week was somewhat volatile, and the downstream styrene was stronger. In addition, the downstream purchasing sentiment was boosted after the continuous decline of pure benzene. Under the triple influence, the price of pure benzene rose slightly by about 50 yuan/ton. In the second half of the week, as the crude oil weakened again and the downstream styrene market was weak, the overall market sentiment declined, and the price of pure benzene weakened again slightly, down about 50-75 yuan/ton. The downstream gas buying also declined. Overall, the crude oil price fell nearly 10% this week, which had a great impact on the market. However, the recent supply of pure benzene was relatively sufficient, and the downstream wait-and-see sentiment was strong. The price of pure benzene continued to weaken slightly, and the price of hydrogenated benzene basically fluctuated with that of pure benzene, Downward trend is dominant this week. In the future market, the business community thinks that the overall trend of crude oil is volatile, the guidance for pure benzene is not obvious, and the downstream demand is slightly weak. However, the supply of pure benzene is sufficient at present, and the short-term trend of pure benzene is expected to be weak. In the future market, the focus is on the impact of the fluctuations of crude oil and styrene on the pure benzene market
| Benzalkonium chloride |