On August 21st, the benchmark price of hydrogenation benzene for Business Society was 7833.33 RMB/ton, an increase of 7.06% compared to the beginning of this month (7316.67 RMB/ton).

Driven by the pure benzene market, the spot market for hydrogenated benzene fell first and then rose overall this week. The factory price in the main production area was slightly lowered to 7750-7800 RMB/ton this week, a decrease of about 100 RMB/ton compared to last week. The market price in the East China region first fell and then rose to 7900-7950 RMB/ton on Friday, a slight decrease of about 75 RMB/ton compared to last week. On the supply side, the overall operating rate will decline next week due to the impact of costs and profits, resulting in a contraction in supply compared to the previous period. In terms of demand, some styrene units will be shut down for maintenance this week, and the market expects a certain contraction in demand in the future. In the future, the current trend of crude oil is somewhat volatile, with insufficient guidance. Both supply and demand are bearish and positive. In the future, we expect the overall high volatility trend of the pure benzene industry chain to be the main focus. Next week, we will focus on the impact of the styrene market trend on the pure benzene market.

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