Brief Analysis of Pure Benzene Market on April 23

Last week, the news of pure benzene market was calm. Prices were basically consolidated horizontally. Transactions failed to release. There was a strong wait-and-see atmosphere. Inventories were still in a slow downward trend. Holders’willingness to bid was strengthened.

On Monday, the White House said that the United States would no longer grant sanctions exemptions to countries or regions currently importing Iranian oil to increase economic pressure on Iran, and that the United States would cut off Iranian crude oil exports altogether. As a result, oil prices continued to rise after the opening of the market, rising by 3% in two hours. The mood of the commodity market is good, but the overall trading atmosphere of the pure benzene market is still not improved, the trading is light, and the wait-and-see atmosphere is still strong.

It is expected that the pure benzene market will continue to be relatively rigid today.

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