Product Name: Pure Benzene
Latest price: On April 9th, the average market price was 6184 yuan/ton, a 5.55% decrease from the previous trading day.
Analysis: The price of pure benzene in the domestic market has fallen. Affected by the sharp drop in international oil prices and the downward trend of downstream styrene futures, the confidence in the pure benzene market is insufficient. Sinopec’s refineries in East and South China have lowered the price of pure benzene by 550 yuan/ton to 6200 yuan/ton, effective from April 8th. Shandong’s local refining enterprises continued to lower their quotations today, with active shipments from holders and a slightly average downstream demand for gas. It is expected that in the short term, the market will be filled with bearish sentiment based on the subsequent impact of current US tariff policies. Further attention should be paid to the direction of macro policies in the future.