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Following the spring season, the price of benzene rose from $90 to $123 per barrel, while high oil prices led to higher prices with a series of refined products。
The increase in the net benzene market in china is evident, with a cumulative increase of five times totalling $1150/t; the current price is $8,900/t. Increases in the prices of by-products of styrene and pure benzene regeneratives, higher profitability of phenylhydrogen enterprises, higher start-up rates for the entire industry have also led to a corresponding increase in the price of benzene, with the return of benzene to its eight-year-old high, starting with “seven years ago”, negotiations in the shandong region at $7,500/tonne, in the shanxi region at $6900-7350/t, in the hebei region at $7300-7330/tt, in the inner mongolia uhai region at $7100/t, in the henan region at $7196-7400/t, in the shaanxi region at $7000/tonne, and in the two lake regions at $71770-7250/t。
Thus, crude oil movements continue to be the winding point of the bulk commodity market, and the movement of pyrophenyls is no exception, largely in line with the performance of crude oil, with the elimination of unusual patterns of special supply and demand orientations, but according to historical data from previous years, although crude oil is closely related to the price of pyrophenyls, as crude oil gradually moves out of market control, affecting the effects of the pyrobenzene, shifting from peripheral to supply and demand。
In the back markets, the geopolitics-affected crude oil is rising and falling fast. The decline in oil prices from the third consecutive day of last wednesday has affected the psychological profile of merchants, and the fall of some large commodities, with pure benzene, styrene and drops amounting to 300-500 yuan/tonne as of 14 march today, and the uncertainty about the direction of oil prices to follow, also means that the high prices of chemicals are unstable. As commodity prices rise to a high level, the business community takes risks away from them。
Pyramids are purchased on demand by benzene-hydrogen enterprises, which maintain normal production, while the bulk of the focus is on the export. Oil prices are difficult to predict for next week's market, but demand and supply markets show that demand for benzene has declined, but the decline in stocks at the port of benzene also supports pure benzene. The price of pure benzene has fallen early on the weekend, and next week the price of benzene added will fall back, as a result of which the benzene-hydrogen industry is pressuring the market for benzene, which is either high or expected to fall back, but the benzene-hydrogen industry is still operating at a relatively high rate of normal delivery and the overall volume of trade is still high。
