Product Name: Benzene

Latest Price: July 30th, average market price: 6,078.67 RMB/ton 

Analysis review

Domestic benzene prices were rising. Rising crude oil prices were boosting styrene and benzene futures, boosting confidence in the benzene market. Sinopec's refineries in East and South China were raising benzene prices by 100 yuan to 6,050 RMB/ton, effective July 29th. Shandong local refineries were continuing to raise their prices, making it difficult to find lower bids on the market.

Future outlook:

Overall, macroeconomic policies are positive, and benzene prices are expected to remain strong in the short term. Actual transaction prices are negotiated on a case-by-case basis.

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