SunSirs: The Domestic Benzene Market Prices Rose on November 19th
November 20 2024 14:40:00 SunSirs (John)
Product Name: Benzene
Latest price: The average market price on November 19th was 7,286.33 yuan/ton, an increase of 1.16% compared to the previous trading day.
Analysis review
The rise in international crude oil futures has driven up the night trading of benzene, strengthening confidence in the benzene market. On the 19th, the domestic benzene market atmosphere was good, with active market inquiries and an increase in on-site prices. As of the 19th, the inventory of local refineries in Shandong was at a low level, with good on-site transactions and continuous smooth shipments from refineries. The inventory of benzene in the East China port had accumulated, but the mentality of traders waiting for inventory to rise had increased. Factories were actively purchasing for essential needs, and shipments from the main ports in East China were smooth, with good market transactions.
Market outlook
It is expected that in the short term, the price of benzene will be consolidated to be stronger.
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