On June 29, the crude benzene commodity index was 121.79, unchanged from yesterday, down 7.62% from the highest point of 131.84 in the cycle (January 28, 2013), and up 298.79% from the lowest point of 30.54 on April 8, 2020. (Note: the period refers to 2011-09-01 to now).
In June 2022, the crude benzene market fluctuated upward. The domestic ex factory price of crude benzene was 7065 yuan / ton at the beginning of the month and 7805 yuan / ton at the end of the month, with a monthly increase of 10.47%.
| Sodium Molybdate |
Summary of Sinopec pure benzene price adjustment (unit: yuan / ton)
Date, Adjusted price, Adjustment amount
June 6, 9500.,+200
June 8, 9700.,+200
June 10, 10000.,+300
June 22, 9800.,-200
June 27, 9600.,-200
The ex factory price of Sinopec pure benzene was reduced by 200 yuan / ton on June 27, 2022, and 9600 yuan / ton was implemented.
Other enterprises: Jingbo Petrochemical quote 9350 yuan / ton, HSBC Petrochemical quote 9300 yuan / ton, Weilian chemical quote 9353 yuan / ton, Xinhai Petrochemical quote 9400 yuan / ton, Hongrun Petrochemical quote 9450 yuan / ton.
Crude oil: on June 29, the price of international crude oil futures fell. The settlement price of the main contract of WTI crude oil futures in the United States was $109.78 / barrel, down $1.98 or 1.8%; The settlement price of the main contract of Brent crude oil futures was $112.45 / barrel, down $1.35 or 1.2%. The US Energy Information Administration (EIA) data was negative, and the inventory of refined oil products increased; And market concerns about the risk of a global recession weighed on oil prices.
In the first half of this month, the trend of crude oil rose as a whole. After the price fell in the second half of this month, the price rebounded slightly at the end of the month again. The trend of pure benzene basically followed the fluctuation of crude oil. In the first half of this month, supported by the upward trend of crude oil and the rising price of pure benzene, Sinopec continuously raised the ex factory price of pure benzene, boosting market confidence, local refining enterprises followed suit, and the price of pure benzene went all the way. After entering the latter ten days, crude oil and pure benzene in the outer market fell broadly, with bad fundamentals and declining support for the industrial chain. Sinopec lowered the ex factory price of pure benzene to 9600 yuan / ton for two consecutive times, and local refining enterprises also lowered the price of pure benzene one after another. At the same time, the inventory of pure benzene in East China began to increase, and there was still a plan to accumulate inventory in the follow-up. Under the influence of multiple bad news, the price of pure benzene market continued to decline, while the downstream styrene also continued to weaken, the overall performance of the market mentality was poor, and the overall decline of the industrial chain was obvious. Near the end of the month, there is a certain demand for replenishment in the lower reaches, adding to the slight rise in crude oil and outer disk pure benzene at the end of the month. As of the press release, the mainstream price of domestic pure benzene is 9300-9600 yuan / ton.
| Melamine |
In terms of commencement: the overall commencement of coking enterprises in the first half of this month was relatively high. With the two rounds of increase in coke prices, enterprises started actively, and the tar supply was stable. In the middle and late ten days of the month, the coke was dragged down by downstream demand, and the first round of increase and decrease of 300 yuan / ton was started. After reversing the previous increase, the profit of coking enterprises was damaged, and the operating rate fell significantly as a whole. Many enterprises took the initiative to limit production, and the output of related by-products decreased accordingly.
Crude benzene was significantly affected by the industrial chain this month. As of the end of the month, the price of pure benzene and crude oil rebounded slightly. The price of pure benzene was still at a high position, and the supply side expected a certain decline in the follow-up. The construction of downstream benzene hydrogenation enterprises was relatively stable recently. Although the price fell recently, the overall price was still at a high level, the enthusiasm of enterprises to start construction was acceptable, and the demand for crude benzene remained, In the situation of slightly tight supply, it is expected that the subsequent high price oscillation of crude benzene will be dominant, but considering the downstream profits, there may be some room for downward adjustment.
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