1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of pure benzene in the Shandong region has risen this week. On Monday, the price of pure benzene was 8436.67 yuan/ton, and on Friday it was 8626.67 yuan/ton, with a 2.25% increase in price during the week.
2、 Market analysis
Pure benzene: The market price of pure benzene in Shandong has risen this week. Yesterday, international crude oil futures closed higher, and the confidence in the pure benzene market is still good. Today, Shandong’s local refineries saw a slight increase in prices, while pure benzene in East China remained weak and stable. We need to be cautious about macro market fluctuations and pay more attention to the development of the situation in the Middle East.
Downstream aspects
3、 Future forecast
Crude oil futures: On April 16th, international crude oil futures closed higher. The settlement price of the May WTI crude oil futures contract in the United States was $94.69 per barrel, an increase of $3.40 or 3.7%. The settlement price of Brent crude oil futures in June was $99.39 per barrel, an increase of $4.46 or 4.7%.
Foreign pure benzene: On April 16th, FOB Korea fell 17 to 1142 US dollars/ton, and CFR China fell 15 to 1133 US dollars/ton. FOB Rotterdam remained stable at $1189 per ton, while FOB USG dropped by 4 to 475 cents per gallon.
Overall expectation: The short-term pure benzene market is expected to be strong and volatile, 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.