Market price of domestic main hydrobenzene market on May 19 (unit: yuan / ton)
Market, Price on May 19
East China, 9100~9200
Shandong Province, 8800~8900
On May 17, international crude oil futures closed down. The settlement price of the main contract of WTI crude oil futures in the United States was US $112.40/barrel, down US $1.80 or 1.6%; The settlement price of the main contract of Brent crude oil futures was US $111.93/barrel, down US $2.31 or 2.0%. Oil prices closed lower for the first time after four consecutive rises, mainly due to the hawkish remarks of Federal Reserve Chairman Powell and the expectation of substantial interest rate hike. In addition, there was news that the United States would relax restrictions on oil producing Venezuela, and oil prices fell.
Recently, the overall price of crude oil has risen, and the price of pure benzene in Asia has continued to rise, driving the price of domestic pure benzene to rise. The low inventory of ports in East China has once again boosted the market mentality, and the short-term bullish mentality has not decreased. At present, the price of domestic pure benzene is 8850-9250 yuan / ton.
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