This week, the market price of pure benzene fluctuated slightly and fell (9.1-9.5)

1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the market price of pure benzene fluctuated slightly and fell this week. On Monday, the price of pure benzene was 5975.33 yuan/ton, and on Friday it was 5945.33 yuan/ton, with a 0.5% drop in price during the week.
2、 Market analysis
Pure benzene: This week, the market price of pure benzene in Shandong region fluctuated slightly and fell. On September 4th, the pure benzene prices of Sinopec’s refineries in East and South China were lowered by 100 yuan to 5900 yuan/ton. International crude oil futures closed down, affecting confidence in the pure benzene market. Shandong Refinery offered discounts to sell, stimulating downstream purchases, and on-site transactions were still acceptable.
Downstream aspects
3、 Future forecast
Crude oil futures: On September 4th, international crude oil futures closed down. The settlement price of the October WTI crude oil futures contract in the United States was $63.48 per barrel, a decrease of $0.49 or 0.8%. The settlement price of Brent crude oil futures for November was $66.99 per barrel, a decrease of $0.61 or 0.9%.
Foreign pure benzene: On September 4th, FOB Korea fell 5 to 713 US dollars/ton, and CFR China fell 6 to 728 US dollars/ton. FOB Rotterdam fell 12 to 642 US dollars per ton, while FOB US Gulf rose 1 to 252 US cents per gallon.
Overall expectation: The pure benzene market is expected to experience slight fluctuations in the short term, with cautious trading. Observe the cost and demand side news. Continue to monitor the trends of crude oil and external markets, as well as the impact of changes in pure benzene and downstream equipment dynamics and demand on the price of pure benzene.