In April 2022, the price of hydrogenated benzene fluctuated, with a monthly increase of 1.79%

On April 28, the hydrobenzene commodity index was 92.99, unchanged from yesterday, down 8.84% from the highest point of 102.01 in the cycle (2014-01-09), and up 210.07% from the lowest point of 29.99 on April 7, 2020. (Note: the period refers to the period from December 1, 2013 to now).

 

Benzalkonium chloride

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

 

Date, Adjusted price, Adjustment amount

March 24, 8600.,+200

April 12, 8450.,-150

April 27, 8550.,+100

April 28, 8700.,+150

On April 28, 2022, the listing price of Sinopec pure benzene was increased by 150 yuan / ton and 8700 yuan / ton.

 

Other enterprises: HSBC Petrochemical offers 8750 yuan / ton, Jincheng Petrochemical offers 8450 yuan / ton, Weilian chemical offers 8523 yuan / ton, Xinhai Petrochemical offers 8550 yuan / ton, and Hongrun Petrochemical offers 8550 yuan / ton.

 

Crude oil: on April 28, the price of international crude oil futures closed up, with an obvious increase. The settlement price of the main contract of WTI crude oil futures in the United States was US $105.36/barrel, up US $3.34 or 3.3%; The settlement price of the main contract of Brent crude oil futures was US $107.26/barrel, up US $2.31 or 2.2%. The main reason was that there were rumors in the market that Germany joined the ranks of other EU Member States and the possibility of imposing an embargo on Russian oil increased, which exacerbated the market’s concerns about the expectation of tightening supply in the future.

 

Oil prices rose for three consecutive times this week. According to the monitoring of business news agency, WTI rose by 6.92% and Brent crude oil rose by 4.99%. Earlier, the US Energy Information Administration (EIA) report released on Wednesday showed that the growth of US commercial crude oil inventories was lower than expected. In addition, investors weighed the impact of the epidemic situation and anti epidemic blockade measures in some Asian countries and regions on the prospects of economic growth and energy demand, as well as the expectation of tightening energy supply caused by the Russian Ukrainian war. On the 28th, there were rumors in the market that Germany joined the ranks of other EU Member States to impose an embargo on Russian oil, which exacerbated the market’s concern about the expectation of tightening supply in the future.

 

In April 2022, the hydrobenzene market fluctuated. The ex factory price in North China was 8400 yuan / ton at the beginning of the month and 8550 yuan / ton at the end of the month, with a monthly increase of 1.79%.

 

Sodium Molybdate

The market trend of hydrogenated benzene fluctuated this month. The price rose at the beginning of the month, fell in the middle of the month, and rose at the end of the month. The main factors causing price fluctuations this month are: at the beginning of the month, hydrobenzene was greatly affected by the trend of fundamental crude oil, the crude oil fell broadly at the beginning of the month, the focus of the domestic pure benzene Market weakened, the domestic regional price difference was obvious affected by logistics, and the price of hydrobenzene followed the trend of pure benzene. After the middle of the year, the crude oil price first fell and then rose. Although the crude oil rose continuously and the cost support strengthened, the public health events in various parts of the country affected the transportation situation during the same period. The downstream operating load of pure benzene was low, the overall demand for pure benzene was relatively light, the downstream performance was poor, the price was adjusted horizontally, and the price of hydrogenated benzene was dragged down. In the last week of the end of the month, crude oil continued to exert force, which was basically good for the pure benzene market. Sinopec continuously raised the ex factory price of pure benzene to 8700 yuan / ton, which gave good support to the market. After the price of pure benzene fell in Shandong, the negotiation improved, the downstream support was good, and the price rebounded. As of the 28th day, the mainstream price of pure benzene in China was 8450-8750 yuan / ton, and the hydrogenated benzene market was boosted and rose.

 

In the future, the business agency believes that at present, pure benzene is obviously affected by the fluctuation of crude oil trend. In terms of demand: some downstream purchase intentions have rebounded to a certain extent, and the demand support is obvious. Superimposed on the demand for replenishment before the festival, the price of pure benzene has risen recently. If crude oil continues to rise or pure benzene continues to rise, the follow-up focus will be on the impact of crude oil, external price trend, domestic logistics and transportation, and the dynamics of pure benzene and downstream devices on the price of pure benzene.

http://www.lubonchem.com/

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