SunSirs: The Domestic Benzene Market Continued to Consolidate and Strengthen on January 16th
January 17 2025 09:21:55 SunSirs (John)
Product Name: Benzene
Latest price: On January 16th, the average market price was 7,511.33 RMB/ton, an increase of 0.67% compared to the previous trading day.
Analysis review
On the 1st, the domestic benzene market continued to consolidate to be stronger. The significant decrease in the number of arrivals at ports in East China has boosted the market, leading to an increase in the price of benzene. The prices in Shandong's local refining market have fluctuated, with most enterprises focusing on stability. International crude oil futures have risen, and the price of benzene in foreign markets has increased. Overall, the confidence in the benzene market was good.
Market outlook
It is expected that the benzene market will fluctuate within a certain range in the short term, and actual transactions are subject to negotiation.
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