Sunsirs: Domestic Market Dynamics of Benzene on October 31

https://www.chemnet.com   Nov 01,2022 SunSirs

　　Price dynamics: On October 31, Sinopec Group in North China: Qilu Petrochemical offered 7450 RMB/ton, Shijiazhuang Refinery offered 7450 RMB/ton, and Tianjin Petrochemical offered 7450 RMB/ton;

　　East China: Yangzi Petrochemical quoted 7450 RMB/ton;

　　South China: Hainan Refining & Chemical's quotation is 7450 RMB/ton;

　　Central China: Wuhan ethylene price is 7450 RMB/ton;

　　Others: Jingbo Petrochemical quoted 7,450 RMB/ton, Huifeng Petrochemical offered 7,500 RMB/ton, Weilian Chemical offered 7,303 RMB/ton, Xinhai Petrochemical offered 7,450 RMB/ton, and Hongrun Petrochemical offered 7,500 RMB/ton.

　　Analysis and Comments: In terms of crude oil, international oil prices fell amid demand concerns and supply shortages due to weak economic data.

　　Today, Weilian Chemical's Benzene is reduced by 100 RMB/ton.

　　Due to the poor demand and the recent increase in port imports, the industry is bearish on the market outlook for Benzene, and prices continue to decline.

　　Today, the domestic price of Benzene is 7300-7500 RMB/ton.

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