1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the market price of pure benzene has fluctuated and fallen this month. The market price fell in the first half of the year, fluctuated and rose in the middle, and fell in the second half. On April 1st, the price was 6659.67 yuan/ton; On April 29th, the price was 5785.33 yuan/ton, a decrease of 13.13% from the beginning of the month.
2、 Market analysis
Pure benzene: The maintenance of a styrene plant in Dongying has affected the local refining market in Shandong, resulting in a decrease in market demand and a significant drop in local refining prices. In addition, the port may mainly accumulate inventory after the holiday. Traders in East China have an unstable mentality and are actively shipping, resulting in continuous price declines. According to the organization, downstream demand is insufficient, market performance is weak, and there is pressure on shipments.
This month, the price of pure benzene from Sinopec dropped by 750 yuan/ton to 6000 yuan/ton.
Downstream aspects
3、 Future forecast
Crude oil futures: On April 28th, international crude oil futures closed lower. The settlement price of the main contract for WTI crude oil futures in the United States was $62.05 per barrel, a decrease of $0.97 or 1.5%. The settlement price of the main Brent crude oil futures contract was $65.86 per barrel, a decrease of $1.01 or 1.5%.
Pure benzene trading: FOB Korea fell $21 to $692/ton, CFR China fell $16 to $715/ton, FOB Rotterdam fell $19 to $650/ton, FOB Gulf rose $6 to 257 cents/gallon.
Overall expectation: In the short term, the market price of pure benzene will continue to fluctuate at a low level, and we will wait and see the news on the cost and demand sides. 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.