1. Price trend

According to the commodity market analysis system of SunSirs, the market price of benzene rose first and then fell last week. The price of pure benzene was 5795.33 RMB/ton last Tuesday and 5802 RMB/ton on Friday, with a weekly price drop of 0.12%.

2. Market analysis

Benzene: The market price of benzene rose first and then fell last week. Overall, it was slightly lowered, and the trading atmosphere in the market was still mainly for short-selling. The focus of downstream styrene spot negotiations has shifted downward, which has a certain impact on the benzene market. The demand for buying is average, and the price of local refineries in Shandong has been lowered. Low prices stimulate short-selling. At present, the overall market is relatively stalemate.

Sinopec's price was lowered by 100 RMB/ton to 5850 RMB/ton last week.

3. Market outlook

Crude oil futures: On June 5, international crude oil futures rose. The settlement price of the July contract of US WTI crude oil futures was US$63.37/barrel, an increase of US$0.52 or 0.8%. The settlement price of the August contract of Brent crude oil futures was $65.34 per barrel, up $0.48 or 0.7%.

Benzene foreign market: On June 5, FOB Korea fell by 3 to $702 per ton, CFR China fell by 2 to $720 per ton, FOB Rotterdam stabilized at $672 per ton, and FOB USG stabilized at 248 cents per gallon.

Comprehensive forecast: In the short term, the benzene market will mainly fluctuate in a narrow range, and wait and see the news on the cost side and demand side. Continue to pay attention to the impact of crude oil, foreign market trends, benzene and downstream device dynamics, demand changes, etc. on benzene prices.

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