Product Name: Benzene

Latest price: The average market price on October 16 was 5,478.67 RMB/ton 

Analysis review

On October 16th, the market price of benzene fell. Crude oil prices continued to decline, weakening confidence in the benzene market. Sinopec's refineries in East and South China lowered the price of benzene by 100 RMB/ton to 5,650 RMB/ton, effective October 14th. Shandong local refineries continued to lower their prices, with holders actively selling their stock. Overall, downstream demand remained subdued.

Market outlook

Benzene prices are expected to remain stable in the short term, with actual transactions negotiated on a case-by-case basis.

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