1、 Price trend

According to the Commodity Market Analysis System of Business Society, the price of pure benzene has slightly increased this month and has been continuously rising since the beginning of the month. On January 1st, the price was 7218 yuan/ton; On January 31st, the price was 7955 yuan/ton, an increase of 10.21% from the beginning of the month and 11.64% from the same period last year.

2、 Analysis and Review

Pure benzene: Yesterday, the market remained strong at a high level in the atmosphere of filling the gap at the end of the month. The transaction in East China was between 8050-8190 yuan/ton, and it strengthened to 8250 yuan/ton in the night session. The receiving sentiment in the Shandong market has weakened, and some businesses have turned to purchasing low-priced hydrogenated benzene, resulting in a significant decrease in transaction volume. Crude oil prices have fallen, and the delivery period in January has ended. Currently, downstream profits are deviating, and it is expected that the market will most likely open in the morning with a downward trend.

This month, the price of Sinopec pure benzene increased by 800 yuan/ton to 8000 yuan/ton.

Downstream aspect

3、 Future Market Forecast

Crude oil: US commercial crude oil and gasoline inventories have increased, and US crude oil production has rebounded, leading to a decline in international oil prices. NYMEX crude oil futures contract 03 fell $1.97 per barrel, or 2.53%, at 75.85%; ICE oil futures contract 03 fell $1.16 per barrel, or 1.40%, at 81.71. The main contract of China INE crude oil futures, 2403, fell 5.9 to 583.1 yuan/barrel, and fell 5.5 to 577.6 yuan/barrel in overnight trading.

External market: FOB South Korea increased by $2 to $1000/ton, CFR China decreased by $1 to $1005/ton, FOB Southeast Asia increased by $2 to $977/ton, FOB Rotterdam and CIF ARA increased by $4 to $1099/ton, and FOB USG increased by $2 to $384/gallon.

The fundamentals are showing an upward trend in the short term, with sufficient supply on the market. Pure benzene may continue to rise in the short term, and we are waiting to see if the cost and demand sides can improve. Continue to monitor the trends of crude oil and external markets, as well as the impact of changes in demand and downstream equipment dynamics on the price of pure benzene.