Hydrogenated Benzene Prices Rebound

1. Today's Summary

① East China pure benzene posted prices remained stable, executed at 7,900 yuan/ton.

② Today’s Shandong pure benzene transactions reached approximately 2,300 tons. Prices ranged from 7,925 to 8,053 yuan/ton, with an average of 7,989 yuan/ton, representing a rise of 298 yuan/ton compared to the previous trading day.

③ Today’s East China pure benzene spot prices ranged from 7,910 to 8,000 yuan/ton, averaging 8,000 yuan/ton, up 125 yuan/ton.

④ On November 9, Jiangsu pure benzene port inventory totaled 25,000 tons, a decrease of 7,000 tons from the previous week's stock of 32,000 tons.

2. Spot Market Overview

Table 1: Hydrogenated Benzene Price Summary (Unit: Yuan/Ton)

Using Shandong as the benchmark, today’s new prices for Lubei were undetermined, while Southwest Shandong prices rose. New prices in major production areas were also undetermined; local refineries raised prices to 7,920–8,050 yuan/ton. Strength in futures markets boosted sentiment, leading local refineries in major production areas to continue raising offers. With increased buying interest, many transactions occurred at premiums. Reference delivered prices for hydrogenated benzene in Jiangsu were 7,900–8,100 yuan/ton.

3. Production Dynamics

On November 12, the operating rate for hydrogenated benzene dropped by 1.78% to 56.90%. Weekly output was 75,500 tons, a decrease of 2,300 tons week-on-week. The price spread between crude benzene and hydrogenated benzene widened this week, increasing profits for Shandong hydrogenated benzene producers to 330 yuan/ton.

4. Price Forecast

The domestic hydrogenated benzene market trended upward today. Rising crude oil and pure benzene futures improved market sentiment. Domestic pure benzene spot prices increased, with heightened inquiry activity during the day. Some traders and downstream users entered the market for procurement, leading to higher transaction volumes in certain areas. Additionally, rising purchasing prices for essential downstream needs further boosted market confidence, prompting hydrogenated benzene plants to actively raise quotes. In the short term, hydrogenated benzene is expected to rebound.

5. Related Product Status

Pure Benzene Market: Strength in futures provided positive guidance, leading local refineries to adjust offers upward. Buying momentum was active throughout the day, with most refineries achieving transactions at premiums.

6. Data Calendar

Table 2: Domestic Hydrogenated Benzene Data Overview (Unit: Yuan/Ton, 10,000 Tons)

Notes:

1. ↗↘ indicates significant fluctuations, highlighting data dimensions with changes exceeding 3%.
2. ↗↘ indicates narrow fluctuations, highlighting data dimensions with changes within 0-3%.