1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the market price of pure benzene in Shandong Province first rose and then fell this month. In the first half of the month, market prices mainly increased, while in the second half, market prices mainly decreased. On August 1st, the price was 6075.33 yuan/ton; On August 29th, the price was 6012 yuan/ton, an increase of 1.04% from the beginning of the month.
2、 Market analysis
Pure benzene: The price of pure benzene in the domestic market has fallen today. The continuous impact of imported goods in the distant months on the domestic market has led to pessimistic futures trading, with low-level buying following paper goods and a lack of market confidence. Shandong’s local refining enterprises have lowered their quotations, resulting in average on-site transactions. Overall, there is a lack of willingness to purchase essential goods, and it is expected that pure benzene will fluctuate and consolidate in the short term. Actual transactions are subject to negotiation.
This month, Sinopec has lowered the price of pure benzene by 50 yuan/ton to 6000 yuan/ton.
Downstream aspects
3、 Future forecast
Crude oil futures: On August 28th, international crude oil futures closed higher. The settlement price of the October WTI crude oil futures contract in the United States was $64.60 per barrel, an increase of $0.47 or 0.7%. The settlement price of Brent crude oil futures for November was $67.98 per barrel, an increase of $0.54 or 0.8%.
Foreign pure benzene: On August 28th, FOB Korea fell by $1 to $726 per ton, and CFR China fell by $1 to $742 per ton. FOB Rotterdam remained stable at $669 per ton, while FOB US Gulf dropped by 2 to 258 cents per gallon.
Overall forecast: The pure benzene market is expected to fluctuate and consolidate in the short term, with a wait-and-see attitude towards cost and demand 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.