Morning Briefing on the Hydrogenated Benzene Market (2026-09-08)

1. Key Points

• The conflict between the US and Iran has not yet subsided, and Saudi oil facilities have been attacked. Supply risks persist, pushing international oil prices higher.
• In Shandong, pure benzene transactions outside long-term agreements totaled around 2,400 tons yesterday. Self-pickup prices ranged from 8,750 to 8,823 yuan/ton, with an average of 8,786 yuan/ton, up 108 yuan/ton from the previous working day.
• In East China, pure benzene spot negotiations were conducted at 8,950–9,090 yuan/ton yesterday, with an average of 9,020 yuan/ton, up 30 yuan/ton from the previous working day.
• Sinopec raised its East China pure benzene listed price by 150 yuan/ton yesterday, which now stands at 9,050 yuan/ton.
• As of September 7, the total commercial inventory in Jiangsu's pure benzene port sample stood at 36,000 tons, down 9,000 tons from the previous 45,000 tons.

2. Price Table

Unit: USD/barrel, RMB/ton, USD/ton

Source: Chempricehub Information

3. Market Outlook

Yesterday, the domestic hydrogenated benzene market continued its upward trend. Crude oil fluctuated at elevated levels and moved higher, and combined with the decline in East China pure benzene port inventories, this jointly pushed pure benzene futures and spot prices up. Hydrogenated benzene price levels subsequently moved higher. Overnight, the pure benzene and styrene markets traded at highs with limited further upside. In the short term, hydrogenated benzene may extend its gains on momentum, but the actual magnitude of any increase will depend on the impact of the latest news.

Notes:

1. ↓↑ indicates a significant fluctuation, highlighting data dimensions with a change exceeding 3%.
2. ↗↘ indicates a narrow fluctuation, highlighting data with a change within 0–3%.