1、 Price trend
This week, the price of pure benzene in the Shandong region fluctuated and fell. On Monday, the price of pure benzene was 7650 yuan/ton, and on Friday, the price of pure benzene was 7613.33 yuan/ton, with a decrease of 0.48% during the week.
2、 Market analysis
Pure benzene: The market price of pure benzene in Shandong region fluctuated and fell this week. At present, the latest news is that the US and Iran are close to reaching a framework for the next stage of the agreement, and the market is optimistic about the prospects of the US Iran peace talks. Yesterday, international crude oil futures closed lower, and the confidence in the pure benzene market was average. Today, Shandong’s local refining is mainly focused on stability, while the operation of pure benzene in East China is relatively weak.
Downstream aspects
3、 Future forecast
Crude oil futures: On June 11th, international crude oil futures closed lower. The settlement price of the July WTI crude oil futures contract in the United States was $87.71 per barrel, a decrease of $2.32 or 2.6%. The settlement price of Brent crude oil futures for August was $90.38 per barrel, a decrease of $2.72 or 2.9%.
Foreign pure benzene: On June 11th, FOB Korea rose by 2 to 970 US dollars per ton, and CFR China rose by 4 to 980 US dollars per ton. FOB Rotterdam fell 1 to 1149 US dollars per ton, while FOB USG remained stable at 375 US cents per gallon.
Overall expectation: The short-term pure benzene market is expected to fluctuate within a certain range, 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.
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