1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the market price of pure benzene in Shandong Province has slightly increased this week. On Monday, the price of pure benzene was 5205.33 yuan/ton, and on Friday it was 5215.33 yuan/ton, with a price increase of 0.19% during the week.
2、 Market analysis
Pure benzene: The market price of pure benzene has slightly increased. Yesterday, crude oil prices actively rose, and the external price of pure benzene increased, driving confidence in the pure benzene market and benefiting domestic pure benzene. Downstream market buying improved. Shandong’s local refining enterprises have slightly increased their quotations, indicating a strong overall market operation.
Downstream aspects
3、 Future forecast
Crude oil futures: On November 13th, international crude oil futures rebounded after falling. The settlement price of the December WTI crude oil futures contract in the United States was $58.69 per barrel, an increase of $0.20 or 0.3%. The settlement price of Brent crude oil futures for January was $63.01 per barrel, an increase of $0.30 or 0.5%.
Foreign pure benzene: On November 13th, FOB Korea rose by 3 to $662/ton, and CFR China rose by 5 to $676/ton. FOB Rotterdam increases by $4 to $696 per ton, FOB US Gulf increases by $2 to $261 per gallon
Overall expectation: The short-term pure benzene market is expected to operate strongly, 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.