Figure 2020-2023 Shandong hydrobenzene market ** trend chart
Data**: Longzhong Information.
In 2023, the domestic hydrobenzene ** will fall first and then rise, with an annual average price of 71821 yuan ton, year-on-year -965%；The lowest point of the year was 6,025 yuan in early July, and the highest point was 8,800 yuan in September 15.
As can be seen from the figure, the trend of the domestic hydrobenzene market in 2023 can be divided into 4 stages.
In the first stage (January 1-April 20), hydrobenzene will increase by about 800 yuan. The arbitrage window of the external disk continued to close, the pure benzene port in East China continued to go to the warehouse, coupled with the release of macro data, market participants are optimistic about the domestic commodity market, and the general rise across the board has driven the second phase of domestic pure benzene hydrobenzene *** (late April - early July) hydrobenzene ** after the rise, a decline of 1,300 yuan. The U.S. debt ceiling issue and the risk of economic recession aggravate market worries, the market is still worried about the European and American economies in the context of interest rate hikes, international oil prices, plus the market's expectations for the domestic economy are weak, pessimism, the commodity market has suffered a heavy setback, which is bearish for domestic pure benzene and hydrobenzene, and most of the downstream products have lost profits, styrene, phenol and other sets of equipment have been reduced and stopped, and the demand for pure benzene hydrobenzene has decreased, and the domestic pure benzene is sufficient, and the business and downstream procurement environment is relaxed, which has also accelerated the further decline of the market center of gravity.
In the third stage (July to mid-September), hydrobenzene was refueled at a low level and rapidly, with an increase of 2,800 yuan. Driven by the good news of the domestic economic expectations, the 4-week rise in bulk products, the recovery of downstream profits, the restart of partially stopped devices, and the increase in the demand for pure benzene hydrobenzene, the low level of domestic pure benzene hydrobenzene has been rapidly and substantially. In addition, the pure benzene port in East China quickly went to the warehouse, the spot was tight, the inventory of pure benzene factories in the north was low, and the domestic market was tightly supported, and the market participants were bullish, coupled with China's plan to introduce consumption policies, Saudi Arabia reduced production atmosphere, and bulk products were successively launched, of which styrene futures were strongly pushed up, rushing to a new high in the year, breaking through the 10,000 yuan mark. Under the hot change, the domestic pure benzene hydrobenzene ** rose strongly.
In the fourth stage (mid-September to the end of the year), hydrobenzene was at a high level**, down 1,650 yuan. After the styrene period rose to a high of 10,300 yuan tons, the position was reduced, and the domestic pure benzene hydrogenated benzene fell rapidly and sharply. In addition, after the National Day, the first and bulk products generally fell, some pure benzene hydrogenated benzene new units put into operation, **increased, and some downstream devices were overhauled, pure benzene hydrogenated benzene demand declined, market participants are not optimistic about the pure benzene market, resulting in a further decline in the market.