1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the market price of pure benzene fluctuated slightly and rose this week. On Monday, the price of pure benzene was 6145.33 yuan/ton, and on Friday it was 6272 yuan/ton, with a price increase of 0.43% during the week.
2、 Market analysis
Pure benzene: The market price of pure benzene has slightly increased today. Yesterday, international crude oil futures closed higher, and the trading atmosphere in the pure benzene market improved due to its impact. Refineries and traders reported strong trading. However, frequent updates on downstream device maintenance may affect future demand, and there is a lack of follow-up on essential needs, resulting in limited overall price increases.
Downstream aspects
3、 Future forecast
Crude oil futures: On August 21st, international crude oil futures continued to rise. The settlement price of the October WTI crude oil futures contract in the United States was $63.52 per barrel, an increase of $0.81 or 1.3%. The settlement price of Brent crude oil futures for October was $67.67 per barrel, an increase of $0.83 or 1.2%.
Foreign pure benzene: On August 21st, FOB Korea rose by 4 to 736 US dollars per ton, and CFR China rose by 3 to 751 US dollars per ton. FOB Rotterdam has increased by 2 to 671 US dollars per ton, while FOB US Gulf has increased by 5 to 265 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.
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