According to the commodity market analysis system of the business community, the ex factory price of hydrogenated benzene in North China will rise from June 30 to July 7, 2022. Last weekend, it was 6100 yuan/ton, and this weekend, it was 6243 yuan/ton, up 2.35%.

In terms of crude oil: WTI crude oil has shown an overall upward trend during this cycle. Against the backdrop of interest rate hikes, economic concerns still exist, but the deepening of production cuts in Saudi Arabia and Russia continues to provide support, and international oil prices fluctuate. NYMEX crude oil futures contract 08 increased by 0.01 USD/barrel or 0.01% to 71.80 USD/barrel; ICE oil futures contract 09 dropped by $0.13 per barrel, or 0.17%, at $76.52 per barrel. The main contract for China INE crude oil futures, 2308, rose 4.5 yuan to 558.2 yuan/barrel, and fell 0.7 yuan to 557.5 yuan/barrel in overnight trading.

The ex factory price of Sinopec pure benzene increased by 100 yuan/ton on July 7, 2023, and is currently at 6300 yuan/ton.

Other companies: Jingbo Petrochemical quoted 6350 yuan/ton, HSBC Petrochemical quoted 6200 yuan/ton, Weilian Chemical quoted 6303 yuan/ton, Xinhai Petrochemical quoted 6300 yuan/ton, and Hongrun Petrochemical quoted 6200 yuan/ton.

According to the Commodity Market Analysis System of Business Society, the price of pure benzene has slightly decreased this week. On July 3rd, the price of pure benzene was 6203 yuan/ton, and on Friday (July 7th), the price of pure benzene was 6260 yuan/ton, an increase of 1.34% compared to last week and a decrease of 32.56% compared to the same period last year

The K-bar chart of commodity prices uses the concept of a price trend K-line to reflect weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell investments based on the changes in the K-bar chart. Red indicates an increase; Green indicates a decline; The height of the K-bar represents the range of fluctuations. The weekly K-bar chart of pure benzene shows that the pure benzene market has seen a slight increase after ten consecutive weeks of decline.

In terms of industrial chain: During this cycle, crude oil and styrene have overall risen, boosting the mindset of the industrial chain. The pure benzene market has slightly increased, with Sinopec’s listed price of pure benzene increasing to 6300 yuan/ton. The factory price of hydrogenated benzene enterprises has generally risen to 6200-6250 yuan/ton this week.

Driven by the upward trend of the industrial chain, the overall price of the hydrogenation benzene market rose this week. The ex factory price in Hebei rose to 6200-6250 yuan/ton, and the market price in East China rose to 6350-6450 yuan/ton. On the supply side, as the market improved during the week, some units resumed operation in the early stage, and the operating rate slightly increased during the week. There has been little change in demand, and downstream enterprises have both started and stopped. Overall, the strengthening of crude oil and styrene has driven the market mentality of the industrial chain, and the overall strength of the industrial chain this week. In the future, there is still an upward expectation for crude oil, and there is still support for the industrial chain. It is expected that the market will remain stable with a strong trend and there is room for a slight increase.