On August 21, the hydrobenzene commodity index was 83.11, the same as yesterday, down 18.53% from the highest point of 102.01 in the cycle (2014-01-09), and up 177.13% from the lowest point of 29.99 on April 7, 2020（ Note: the period refers to the period from December 1, 2013 to now).

Price rise and fall of main domestic hydrogenated benzene market from August 13 to August 20 (unit: yuan / ton)

Region /, price on August 13, price on August 20, weekly rise and fall

East China, 7525., 7600., + 75

Shandong Province, 7375., 7425., + 50

This week (August 13 to August 20), the market price of hydrogenated benzene in Shandong Province was slightly corrected, at 7375 yuan / ton last weekend, 7425 yuan / ton this weekend, up 50 yuan / ton this week.

Summary of price adjustment of Sinopec pure benzene in 2021 (unit: yuan / ton)

On August 9, 2021, the listing price of Sinopec’s pure benzene was reduced by 150 yuan / ton. At present, it is 7550 yuan / ton, of which Qilu Petrochemical is 7500 yuan / ton. The price of Sinopec’s pure benzene was stable this week.

Start up of some domestic hydrobenzene units in August 2021

In August 2021, the start-up of hydrobenzene enterprises was acceptable, and the start-up in northern China was slightly lower. The start-up and shutdown cost of hydrogenated benzene enterprises is lower than that of pure benzene, and most manufacturers arrange production according to profit.

Commencement of main units downstream of benzene hydrogenation in August 2021

Recently, there have been a lot of maintenance of downstream units. Although some maintenance have been completed and production has begun, some have not been fully recovered. The downstream profitability has improved to a certain extent. On the whole, the demand for pure benzene and hydrogenated benzene is generally supported.

Pure benzene rebounded slightly after falling this week, but the trend of crude oil and downstream styrene was weak, the hydrobenzene market was under pressure, and the market price rose weakly this week. In terms of upstream crude benzene, the supply is tight recently. After the bidding price increase in Shandong this week, it will be implemented at 6320-6325 yuan / ton, an increase of 300 yuan / ton compared with last week. The cost pressure of hydrobenzene enterprises has further increased.

In the future, the business community believes that the downstream demand is gradually recovering, and the supply of pure benzene port has been delayed for a short time. On the whole, the supply and demand on the fundamentals is OK. It is expected that the future consolidation trend of hydrogenated benzene industry chain will be the main trend, with great upward pressure.