1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the market price of pure benzene in Shandong Province first fell and then rose this week, with a slight overall increase. On Monday, the price of pure benzene was 5945.33 yuan/ton, and on Friday it was 5952 yuan/ton, with a price increase of 0.11% during the week.
2、 Market analysis
Pure benzene: Today, the market trading in Shandong has improved, and the market price has slightly increased. The performance of pure benzene in East China is average, with a slight decline in market prices. At present, the market is cautious in refining and delivering orders, and there is still purchasing demand for downstream essential needs. Holders of goods are bullish in the coming months and are more cautious about the macro news situation.
Downstream aspects
3、 Future forecast
Crude oil futures: On September 11th, international crude oil futures closed down. The settlement price of the October WTI crude oil futures contract in the United States was $62.37 per barrel, a decrease of $1.30 or 2.0%. The settlement price of Brent crude oil futures for November was $66.37 per barrel, a decrease of $1.12 or 1.7%.
Foreign pure benzene: FOB Korea remained stable at $717/ton on September 11th, while CFR China rose by 3 to $738/ton. FOB Rotterdam stable at $666/ton, FOB US Gulf stable at $261/gallon.
Overall expectation: The pure benzene market is expected to experience slight fluctuations in the short term, 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.