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, indicating an overall decline in prices. On Monday, the price of pure benzene was 5317.67 yuan/ton, and on Friday, it was 5251 yuan/ton. The price decreased by 1.25% during the week.
2、 Market analysis
Pure benzene: This week, the market price of pure benzene in Shandong region first fell and then rose, and overall the price has fallen. Shandong Refinery saw a wide premium yesterday, and the price of pure benzene rose in foreign markets. This morning, there was good confidence in the pure benzene market in Shandong, and the market continued to shift its focus from yesterday. In the afternoon, the market operated weakly.
Downstream aspects
3、 Future forecast
Crude oil futures: On November 20th, international crude oil futures closed down. The settlement price of the January WTI crude oil futures contract in the United States was $59.00 per barrel, a decrease of $0.25 or 0.4%. The settlement price of Brent crude oil futures for February was $62.80 per barrel, a decrease of $0.20 or 0.3%.
Foreign pure benzene: On November 20th, FOB Korea rose by 9 to 673 US dollars per ton, and CFR China rose by 8 to 685 US dollars per ton. FOB Rotterdam rose 9 to 711 US dollars per ton, while FOB US Gulf remained stable at 278 US cents per gallon.
Overall forecast: The short-term pure benzene market is expected to experience slight fluctuations, 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.