1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the market price of pure benzene has risen this week. On Monday, the price of pure benzene was 5878.67 yuan/ton, and on Friday, it was 5918.67 yuan/ton, with a 1.02% increase in price during the week.
2、 Market analysis
Pure benzene: The market price of pure benzene has slightly increased this week. Shandong’s refining and shipping are smooth, and the market transaction price center is upward. The prices in the East China market are running relatively strong. Downstream styrene futures prices have risen, benefiting the pure benzene market. Overall, pure benzene has shifted its trading position and month, with more active buying and a positive atmosphere.
Downstream aspects
3、 Future forecast
Crude oil futures: On July 24th, international crude oil futures rose. The settlement price of the September WTI crude oil futures contract in the United States was $66.03 per barrel, an increase of $0.78 or 1.2%. The settlement price of Brent crude oil futures for September was $69.18 per barrel, an increase of $0.67 or 1.0%.
On July 24th, FOB Korea rose by 7 to 737 US dollars per ton, while CFR China rose by 7 to 751 US dollars per ton. FOB Rotterdam fell 13 to $755 per ton, while FOB US Gulf rose 2 to 284 cents per gallon.
Overall expectation: Pure benzene prices are expected to remain strong and upward in the short term. 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.