1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the market price of pure benzene has risen this week. On Monday, the price of pure benzene was 6002 yuan/ton, and on Friday, it was 6142 yuan/ton, with a price increase of 2.33% during the week.
2、 Market analysis
Pure benzene: The market price of pure benzene has risen this week. The newly added downstream styrene unit for pure benzene has been put into operation, and the enthusiasm for downstream raw material demand has increased. In addition, the number of imported shipments this month has decreased, which has a certain positive effect on the pure benzene market. But the trend of crude oil is weak, and after the rise in pure benzene prices, the market has a strong wait-and-see sentiment. Affected by crude oil futures, the buying momentum in the pure benzene market is currently weak, and trading is cautious.
Downstream aspects
3、 Future forecast
Crude oil futures: On August 7th, international crude oil futures closed down. The settlement price of the September WTI crude oil futures contract in the United States was $63.88 per barrel, a decrease of $0.47 or 0.7%. The settlement price of Brent crude oil futures for October was $66.43 per barrel, a decrease of $0.46 or 0.7%.
Foreign pure benzene: FOB Korea fell 5 to 737 US dollars/ton on August 7th, CFR China fell 4 to 750 US dollars/ton. FOB Rotterdam rose 3 to $724 per ton, while FOB US Gulf fell 4 to 271 cents per gallon.
Overall expectation: The pure benzene market is expected to experience slight fluctuations in the short term, with cautious trading. Observe the cost and demand side 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.