On May 29th, the benchmark price of benzol in SunSirs was 5741.25 RMB/ton, a decrease of -4.33% compared to the beginning of this month (6001.25 RMB/ton).

The benzol market continued to rise last week, but the upward trend varies slightly across regions. The price in Shandong this week was at 5730 RMB/ton, an increase of 130 RMB/ton compared to last week, while the price in Shanxi this week was relatively small. The mainstream execution was 5560-5750 RMB/ton, an increase of 20-200 RMB/ton compared to last week.

On the supply side, the supply of benzol continued to tighten this week, and the construction of coke companies continued to decline. The supply of benzol is on the tight side, and coke companies currently have a strong mentality of price support. In terms of demand, the recent low profits in the hydrogenation benzene market, a decline in operating rates, and the overall decline in the industrial chain have also dragged down the mentality of the benzol market. Overall, the recent trend of crude oil has been volatile, with insufficient guidance for the market, overall weakening of the industrial chain, and tight supply of benzol. However, there is a lack of downstream demand support, and there may be some room for decline.

In the future, SunSirs predicts that the benzol market will be mainly stable, moderate, and weak in the near future.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com