1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of pure benzene in the Shandong region fluctuated slightly this week. The price of pure benzene was 6186.67 yuan/ton on Monday and 6196.67 yuan/ton on Friday, with a price increase of 0.16% during the week.
2、 Market analysis
Pure benzene: The market price of pure benzene in Shandong region fluctuated slightly this week. Yesterday, international crude oil futures fell, and the pure benzene market had a bearish sentiment. The current weak operation of products in the chemical sector has weakened confidence in the pure benzene market; The overall buying momentum of Shandong Refining is weak, and transactions are cautious. Shandong Refining has maintained stable prices and orders today, while the East China market is weak and stable.
This week, Sinopec’s price has increased by 200 yuan/ton to 5500 yuan/ton.
Downstream aspects
3、 Future forecast
Crude oil futures: On February 5th, international crude oil futures fell. The settlement price of the March WTI crude oil futures contract in the United States was $63.29 per barrel, a decrease of $1.85 or 2.8%. The settlement price of Brent crude oil futures in April was $67.55 per barrel, a decrease of $1.91 or 2.8%.
Foreign pure benzene: On February 5th, foreign pure benzene: FOB Korea fell 4 to 776 US dollars/ton, CFR China fell 5 to 776 US dollars/ton. FOB Rotterdam fell 6 to $888 per ton, while FOB USG remained stable at 289 cents per gallon.
Overall expectation: The short-term pure benzene market is volatile and trading is cautious. 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.