SunSirs: The Market Price of Benzene Rose Significantly (June 6-13)
June 18 2025 10:48:38 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the market price of benzene rose significantly last week. On Monday, the price of benzene was 5,955.33 RMB/ton, and on Friday, it was 6,452 RMB/ton, with a price increase of 8.34% during the week.
Analysis review
Benzene: The market price of benzene rose significantly last week. Due to the escalating tensions in the Middle East this week, oil prices rose to a two month high, with benzene catching up significantly. On June 13th, the price of benzene rose by around 250-350 RMB/ton, and was steadily rising since the opening. Large investors were cautious, and the overall trading atmosphere was good.
Last week, Sinopec's price had increased by 450 RMB/ton to 6,300 RMB/ton.
Market outlook
Crude oil futures: On June 12th, international crude oil futures closed down. The settlement price of the July WTI crude oil futures contract in the United States was $68.04 per barrel, a decrease of $0.11 or 0.2%. The settlement price of Brent crude oil futures for August was $69.06 per barrel, a decrease of $0.41 or 0.6%.
Benzene overseas: FOB Korea rose $8 to $733/ton, CFR China rose $7 to $750/ton. FOB Rotterdam stable price of $710/ton, FOB US Gulf stable price of $265/gallon.
Overall forecast: In the short term, the benzene market is expected to strengthen and consolidate, with a wait-and-see attitude towards cost and demand news. Continue to monitor the trends of crude oil and external markets, as well as the impact of changes in benzene and downstream equipment dynamics and demand on the price of benzene.
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- 2025-05-29 SunSirs: On May 28, the Domestic Benzene Market Price Fell
- 2025-05-23 SunSirs: The Domestic Benzene Market Price Fell Yesterday
- 2025-04-30 SunSirs: Overview of the Trend of Benzene in April
