Hydrogenated Benzene Prices Edge Up (Sep 14, 2026)

1. Today's Summary

① Sinopec East China pure benzene posted price remained stable at 9,900 RMB/ton.

② Today, non-long-term contract transactions for pure benzene in Shandong totaled approximately 2,600 tons. Self-pickup prices ranged from 9,443 to 9,610 RMB/ton, with an average of 9,526 RMB/ton, a decrease of 235 RMB/ton compared to the previous business day.

③ Spot negotiations for pure benzene in East China were conducted between 9,680 and 9,930 RMB/ton, averaging 9,805 RMB/ton, an increase of 225 RMB/ton from the previous business day.

④ On September 14, the total commercial inventory of pure benzene samples at Jiangsu ports stood at 38,000 tons, representing an accumulation of 2,000 tons compared to the previous period's inventory of 36,000 tons.

2. Spot Market Overview

Table 1: Summary of Domestic Hydrogenated Benzene Prices (Unit: RMB/ton)

Based on the Shandong region as a benchmark, prices in Lubei and Southwest Shandong remained stable today. Quotes from major production areas stood at 9,400 RMB/ton, while local refineries dropped to 9,440–9,600 RMB/ton. Chemical product prices generally retreated at the start of the week; offers from major production areas and local refineries continued their weekend trends. In the afternoon, low-price transactions showed clear premiums. The market is awaiting further news guidance. Reference delivered prices for hydrogenated benzene in Jiangsu are 9,500–9,600 RMB/ton.

3. Production Dynamics

On September 10, the operating rate of hydrogenated benzene decreased by 6.32 percentage points to 57.60%. Weekly output of hydrogenated benzene was 76,400 tons, a week-on-week decrease of 8,400 tons. This week, profits for hydrogenated benzene enterprises in Shandong declined to -56 RMB/ton.

4. Price Forecast

On Monday, domestic hydrogenated benzene market prices rose slightly. The Houthis launched precise strikes against Saudi Arabia, causing crude oil markets to resume their upward trend after last Friday's decline. Domestic pure benzene futures and spot prices were supported, leading to slight intraday gains, which in turn drove a modest rise in hydrogenated benzene prices. In the short term, instability in the Middle East will keep crude oil prices high, providing downside resistance for hydrogenated benzene. Attention should be paid to downstream purchasing activity ahead of the upcoming holidays.

5. Related Product Status

Pure Benzene Market: Driven by the decline in crude oil prices over the weekend, offers and transaction centers from local refineries shifted downward. On Monday, port inventories saw a slight accumulation but remained at low levels. Market confidence recovered, and afternoon transactions showed clear premiums.

6. Data Calendar

Table 2: Domestic Hydrogenated Benzene Data Overview (Unit: RMB/ton, 10,000 tons)