Commodity name: benzene
Latest price: On May 28, the market average price was 5,792 RMB/ton, down 0.63% from the previous trading day.
Analysis: The domestic benzene market price fell. The downward trend in the styrene futures market affected the confidence in the pure benzene market.
Sinopec's pure benzene prices in East China and South China were reduced by 150 RMB to 5,950 RMB/ton, effective on May 27.
The quotations of Shandong local refineries were slightly lowered, and the downstream demand for just-in-time purchases was slightly average, with light transactions.
Overall, attention should be paid to the accumulation of forward terminal stocks.
It is expected that benzene will fluctuate and consolidate in the short term, and actual transactions will be negotiated on a case-by-case basis.
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