Product Name: Benzene
Latest Price: The average market price on January 30th was 6,186.67 RMB/ton, an increase of 1.92% compared to the previous trading day.
Market analysis
On January 30th, the price of benzene increased. The significant rise in international crude oil futures provided strong support for benzene prices, and market sentiment for benzene spot prices was positive, leading to a broad upward trend. Refineries in Shandong continued to raise their quotations, and low-priced offers were difficult to find in the market. Overall, short-term oil prices are expected to remain driven by supply disruptions and geopolitical risks, and the bullish sentiment is likely to continue.
Market outlook
Benzene prices are expected to remain firm in the short term, with actual transaction prices negotiated on a case-by-case basis.
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