1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the pure benzene market in Shandong Province has experienced ups and downs this month. In the first half of the year, the market price mainly fell, in the middle half, the market price mainly rose, and in the second half, the market price fell again. On September 1st, the price was 5975.33 yuan/ton; On September 30th, the price was 5848.67 yuan/ton, a decrease of 2.12% from the beginning of the month.
2、 Market analysis
Pure benzene: The price of pure benzene in the domestic market has fallen today. The wide decline in international crude oil prices has affected confidence in the pure benzene market, leading to a decline in the pure benzene market. As the National Day holiday approaches, the wait-and-see sentiment in the on-site spot market is becoming increasingly evident, with few transactions in the market. Most of Shandong’s refineries have lowered prices for shipments. Sinopec’s refineries in East and South China have lowered the price of pure benzene by 150 yuan/ton, with an implementation of 5750 yuan/ton. Overall, the stocking for National Day has ended, and the market during the National Day holiday is full of uncertainty. It is expected that the pure benzene market will be weak and volatile in the short term, and actual transactions will be discussed on a case by case basis.
This month, Sinopec’s pure benzene price has been lowered by 250 yuan/ton to 5750 yuan/ton.
Downstream aspects
3、 Future forecast
Crude oil futures: On September 29th, international crude oil futures closed down. The settlement price of the November WTI crude oil futures contract in the United States was $63.45 per barrel, a decrease of $2.27 or 3.5%. The settlement price of Brent crude oil futures for December was $67.09 per barrel, a decrease of $2.13 or 3.1%.
Foreign pure benzene: On September 29th, FOB Korea fell by 1 to 707 US dollars per ton, and CFR China fell by 1 to 723 US dollars per ton. FOB Rotterdam increased by $7 to $663 per ton, while FOB US Gulf increased by $1 to $252 per gallon.
Overall forecast: The pure benzene market is expected to remain weak and volatile in the short term, 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 pure benzene and downstream equipment dynamics and demand on the price of pure benzene.