1、 Price trend

According to the Commodity Market Analysis System of Business Society, the price of pure benzene rose first and then fell this week. On August 21, the price of pure benzene was 7855 yuan/ton, and on Friday (August 25), the price of pure benzene was 7850 yuan/ton, an increase of 1.04% from last week and 2.61% from the same period last year.

2、 Analysis and Review

This week, the price of Sinopec pure benzene was at 7850 yuan/ton (prices in Shandong and Hebei regions increased by 100 yuan/ton simultaneously)

Downstream aspect

3、 Future Market Forecast

Yesterday’s night trading negotiation was around 7920 yuan/ton, and it is expected that the high level of pure benzene in East China will fluctuate in the morning.

Some institutions believe that OPEC+may need to further reduce production, and there is still uncertainty about the outlook for local demand, leading to a slight increase in international oil prices. NYMEX crude oil futures contract 10 rose by $0.16 per barrel or 0.20% to $79.05 per barrel; ICE oil futures contract 10 rose by $0.15 per barrel, or 0.18%, at $83.36 per barrel. The main contract for China INE crude oil futures, 2310, fell 12.1 yuan to 625.1 yuan/barrel, and rose 1.6 yuan to 626.7 yuan/barrel in the evening trading.

Core logic: Yesterday, the pure benzene market in East China experienced a volatile decline, with downstream customers seeking bargains to stock up, and spot resources trading was weak. Market participants were mainly on the sidelines. The quotation from Shandong Refinery continued to decline, and the daily transaction volume was slightly higher than the demand, with a decrease in transaction volume.