Price trend

According to the Commodity Market Analysis System of SunSirs, the market price of benzene rose last week. On Monday, the price of benzene was 5,878.67 RMB/ton, and on Friday, it was 5,918.67 RMB/ton, with a 1.02% increase in price during the week.

Analysis review

The market price of benzene slightly increased last week. Shandong's refining and shipping were smooth, and the market transaction price center was upward. The prices in the East China market were running relatively strong. Downstream styrene futures prices had risen, benefiting the benzene market. Overall, benzene shifted its trading position and month, with more active buying and a positive atmosphere.

Future outlook:

Crude oil futures: On July 24th, international crude oil futures rose. The settlement price of the September WTI crude oil futures contract in the United States was $66.03 per barrel, an increase of $0.78 or 1.2%. The settlement price of Brent crude oil futures for September was $69.18 per barrel, an increase of $0.67 or 1.0%.

On July 24th, FOB Korea rose by 7 to 737 US dollars per ton, while CFR China rose by 7 to 751 US dollars per ton. FOB Rotterdam fell 13 to $755 per ton, while FOB US Gulf rose 2 to 284 cents per gallon.

Overall expectation: benzene prices are expected to remain strong and upward in the short term. 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 benzene and downstream equipment dynamics and demand on the price of benzene .

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