1、 Price trend

According to the commodity market analysis system of Business Society, the price of pure benzene has slightly increased this week. On June 10th, the price of pure benzene was 9292 yuan/ton, and on Friday (June 14th), the price of pure benzene was 9439 yuan/ton, an increase of 1.58% from last week and 52.24% from the same period last year.

2、 Analysis and Review

This week, the price of Sinopec pure benzene was 9450 yuan/ton (prices in Shandong and Hebei regions increased by 150 yuan/ton simultaneously)

Downstream aspect

3、 Future Market Forecast

The night market saw an increase in selling, and early morning East China pure benzene is expected to open lower and decline.

4、 Data calendar

Crude oil: The year-on-year growth rate of US CPI is lower than expected, inflationary pressure has eased, expectations of the Federal Reserve’s interest rate cut in September have increased, and international oil prices have risen. The NYMEX crude oil futures 07 contract increased by $0.12 per barrel or 0.15% at 78.62%; ICE oil futures contract 08 rose $0.15 per barrel, or 0.18%, at 82.75. The main contract of China INE crude oil futures, 2407, rose 4.9 to 606 yuan/barrel, and rose 2.2 to 608.2 yuan/barrel in overnight trading.

Core logic: Yesterday, profit taking in East China resulted in active selling and insufficient follow-up by buyers. Shandong’s refining shipments have been hindered, resulting in a decrease in transaction volume.