Price dynamics:

On November 23, Sinopec North China: Qilu Petrochemical offered 6,800 RMB/ton, Shijiazhuang Petrochemical 6,750 RMB/ton, and Tianjin Petrochemical 6,800 RMB/ton;

East China: Yangzi Petrochemical quoted 6,800 RMB/ton;

South China: Hainan Refining&Chemical Co., Ltd. offered 6,800 RMB/ton;

Central China: Wuhan Ethylene, 6,800 RMB/ton;

Others: Jingbo Petrochemical quoted 6,930 RMB/ton, HSBC Petrochemical quoted 6,850 RMB/ton, Weilian Chemical quoted 6,903 RMB/ton, Xinhai Petrochemical quoted 7,000 RMB/ton, and Hongrun Petrochemical quoted 7,000 RMB/ton.

Analysis and comment:

In terms of crude oil, Saudi Arabia released the news that it insisted on reducing production, which brought good news. Oil prices rose after falling for five days in a row.

On the 23rd, Jingbo Petrochemical lowered the price of pure benzene by 70 RMB/ton, Xinhai Petrochemical lowered the price of pure benzene by 50 RMB/ton, and Weilian Chemical lowered the price of pure benzene by 100 RMB/ton.

The shipment in Shandong was fair, but due to the lowering of the listing price of Sinopec pure benzene yesterday, the market focus was weakened. On the 23rd, the price of domestic pure benzene was 6,750-7,000 RMB/ton.

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