1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of pure benzene in the Shandong region has fluctuated and fallen this month. On February 1st, the price was 6168.67 yuan/ton; On February 28th, the price was 6160 yuan/ton, a decrease of 0.43% from the beginning of the month.
2、 Market analysis
Pure benzene: There was a slight fluctuation in the price range of the domestic pure benzene market today. International crude oil futures have risen, while the price of pure benzene in foreign markets has fluctuated. The confidence in the domestic pure benzene market is average. Shandong pure benzene ground refining has poor shipments, and some manufacturers have slightly lowered their shipping prices. The price of pure benzene in Sinopec’s refineries in East and South China has remained stable at 6150 yuan/ton, to be implemented on January 30th. It is expected that the pure benzene market will experience slight fluctuations in the short term.
This month, the price of pure benzene from Sinopec remained stable at 6150 yuan/ton.
Downstream aspects
3、 Future forecast
Crude oil futures: On February 27th, international crude oil futures rose. The settlement price of the April WTI crude oil futures contract in the United States was $67.02 per barrel, an increase of $1.81 or 2.8%. The settlement price of Brent crude oil futures for May was $72.87 per barrel, an increase of $2.03 or 2.9%.
Foreign pure benzene: On February 27th, FOB Korea fell 9 to 773 US dollars/ton, and CFR China fell 7 to 777 US dollars/ton. FOB Rotterdam has stabilized at $889 per ton, while FOB USG has increased by 5 to 304 cents per gallon.
Overall forecast: The pure benzene market is expected to experience slight fluctuations 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.