1、 Price trend

This week, the market price of pure benzene in Shandong has risen. The price of pure benzene was 7751 yuan/ton on Monday and 8187.67 yuan/ton on Friday, with a 5.63% increase in price during the week.
2、 Market analysis
Pure benzene: The market price of pure benzene in Shandong has risen this week. During the week, Sinopec’s refineries in East China, South China, and Central China have raised the price of pure benzene twice in a row, with a cumulative increase of 550 yuan. The latest price of pure benzene is currently 8250 yuan/ton, which will be implemented on August 21st. The latest situation between the United States and Iran is tense, with international oil prices rising and strong support for pure benzene, indicating a strong trend. Today’s Shandong local refining market mainly focused on stable prices and slight price increases.
3、 Future forecast
Crude oil futures: On August 20th, international crude oil futures closed higher. The settlement price of the October WTI crude oil futures contract in the United States was $86.83 per barrel, an increase of $2.44 or 2.9%. The settlement price of Brent crude oil futures for October was $93.78 per barrel, an increase of $2.16 or 2.4%.
Foreign pure benzene: On August 20th, FOB Korea rose by 7 to 1017 US dollars per ton, and CFR China rose by 9 to 1031 US dollars per ton. FOB Rotterdam rose by $27 to $1179 per ton, FOB USG rose by $9 to 481 cents per gallon.
Overall forecast: Pure benzene is expected to maintain high volatility 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.