1、 Price trend

According to the Commodity Market Analysis System of Business Society, the price of pure benzene has slightly decreased this week. On March 4th, the price of pure benzene was 8275 yuan/ton, and on Friday (March 8th), the price of pure benzene was 8261 yuan/ton, a decrease of 2.61% from last week and an increase of 13.67% from the same period last year.

2、 Analysis and Review

This week, the price of Sinopec pure benzene was 8350 yuan/ton (prices in Shandong and Hebei regions have dropped by 200 yuan/ton simultaneously)

Downstream aspect

3、 Future Market Forecast

Overnight crude oil and styrene prices have risen, and sellers are optimistic about the future market. The willingness to ship has decreased, and it is expected that prices will fluctuate and rise today.

Crude oil: The market is weighing the impact of the Middle East situation and demand prospects, and the bearish game continues, with narrow fluctuations in international oil prices. NYMEX crude oil futures 04 contract 78.93 fell 0.20 US dollars per barrel, or 0.25%; The ICE oil futures 05 contract remained unchanged at $82.96 per barrel. The main contract of China INE crude oil futures, 2404, rose 5.4 to 614.4 yuan/barrel, and fell 0.5 to 613.9 yuan/barrel in overnight trading.

Core logic: Yesterday, the price of pure benzene in the East China market was discussed and the transaction was positive. However, the industry is concerned about the subsequent downstream maintenance situation, and the space for price increase is limited.