According to the Commodity Market Analysis System of Business Society, from December 4th to December 11th, 2023, the ex factory price of hydrogenated benzene in North China fluctuated and declined. Last week, it was at 7066.67 yuan/ton, while this week it was 6700 yuan/ton, a decrease of 5.19%.

On December 8th, international crude oil futures rose. The settlement price of the main WTI crude oil futures contract in the United States was $71.23 per barrel, with an increase of $1.89 or 2.7%. The settlement price of Brent crude oil futures main contract was 75.84 yuan/barrel, an increase of 1.79 US dollars or 2.4%. Prediction: In the short term, oil prices may still face downward pressure. In the medium term, OPEC+will continue to play its role in stabilizing oil prices and regulating the market. There is also data indicating a decrease in OPEC+11 production, marking the first monthly decline recorded since July. In the medium term, it is not ruled out that OPEC+will continue to deepen its production reduction policy. The future supply-demand game will continue. Increased probability of wide range fluctuations in oil prices

The ex factory price of Sinopec pure benzene has been lowered twice in December, with a cumulative decrease of 400 yuan/ton. The listed price of Sinopec pure benzene continues to be implemented at 6800 yuan/ton.

Other companies: Jingbo Petrochemical quoted 6700 yuan/ton, HSBC Petrochemical quoted 6800 yuan/ton, Weilian Chemical quoted 6653 yuan/ton, Xinhai Petrochemical quoted 6700 yuan/ton, and Hongrun Petrochemical quoted 6800 yuan/ton.

According to the Commodity Market Analysis System of Business Society, the price of pure benzene has slightly decreased this week. On December 4th, the price of pure benzene was 6867 yuan/ton, and on Friday (December 8th), the price of pure benzene was 6703 yuan/ton, a decrease of 4.58% from last week and an increase of 3.12% from the same period last year.

K-bar chart of commodity prices, using the concept of price trend K-line, reflects the weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell based on the changes in the K-bar chart. Red indicates an increase; Green indicates a decline; The height of the K-bar represents the range of fluctuations. The weekly K-bar chart of pure benzene shows that the pure benzene market has seen more declines and less gains in recent times.

In terms of the industrial chain, the overall decline of the pure benzene industry chain this week, with continuous decline in crude oil throughout the week, has dragged down the market mentality of the industry chain. Coupled with the continuous news of maintenance in the downstream, the market’s future demand expectations have overall declined. Under the influence of multiple negative factors, the pure benzene market has been under pressure and the main flow of the hydrogenated benzene market has followed suit.

This week, the mainstream of the pure benzene market has declined. Sinopec lowered its listing price to 6800 yuan/ton, with a cumulative decrease of 200 yuan/ton. The ex factory price of hydrogenated benzene in the main production area has also been lowered to 6600-6800 yuan/ton. This week, due to the decline in profits, some companies underwent maintenance, and the overall operating rate slightly declined, but there is still a need for essential goods. Overall, the pure benzene industry chain is still operating weakly, with weak market expectations. In terms of demand, some downstream devices will be shut down during the week, and the market expects more devices to have maintenance or shutdown plans in the future. The market expects weak demand in the future. Overall, the pure benzene industry chain is still operating weakly, with weak market expectations. In the future, market bearishness is expected to emerge, and it is expected that the pure benzene industry chain will be under pressure in the future, with a stable and weak market operation.