SunSirs: Domestic Market Trends of Benzene on December 6

https://www.chemnet.com   Dec 07,2022 SunSirs

Price dynamics: On December 6, Sinopec North China: Qilu Petrochemical quoted 6,450 RMB/ton, Shijiazhuang Refining and Chemical quoted 6,450 RMB/ton, Tianjin Petrochemical quoted 6,500 RMB/ton;

East China: Yangzi Petrochemical offers 6,500 RMB/ton;

South China: Hainan Refining & Chemical offers 6,500 RMB/ton;

Central China: Wuhan ethylene quotation is 6,500 RMB/ton;

Others: Jingbo Petrochemical quoted 6,700 RMB/ton, Huifeng Petrochemical quoted 6,500 RMB/ton, Weilian Chemical quoted 6,603 RMB/ton, Xinhai Petrochemical quoted 6,600 RMB/ton, and Hongrun Petrochemical quoted 6,650 RMB/ton.

Analysis and comments: In terms of crude oil, the US employment data grew more than expected, and the unrelenting economic heat caused the market to worry about the Fed’s aggressive interest rate hike, and the oil market was under pressure.

Styrene continued to rise, crude oil fell weakly, benzene was hindered, and the price continued to be weak. Today's domestic benzene price is 6450-6700 RMB/ton.

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