On October 16th, the benchmark price of benzene for Shangshang Society was 7775.50 RMB/ton, a decrease of -4.85% compared to the beginning of this month (8172.17 RMB/ton).

According to the Commodity Market Analysis System of SunSirs, benzene: The spot market in East China slightly rose last Friday, with downstream customers seeking bargains to replenish. However, due to the impact of low-priced supply in the Shandong market, the overall transaction pace is weak. Shandong Refinery has a weak willingness to hold goods and continues to reduce prices and promote sales, resulting in better market transactions. Crude oil rose, and last Friday's night trading negotiations focused on 7850-7900 RMB/ton.

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