1、 Price trend

This month, the market price of pure benzene in Shandong region first rose and then fell, and overall the price has increased. On July 1st, the price was 6753.33 yuan/ton; On July 31st, the price was 7767.67 yuan/ton, an increase of 15.02% from the beginning of the month.
2、 Market analysis
Pure benzene: This month, the market price of pure benzene in Shandong region first rose and then fell, and overall the price has increased. At present, the situation between the United States and Iran is temporarily suspended, and international crude oil futures have closed down, leading to a decline in the pure benzene market. In terms of ports, imported goods are concentrated at the port, and the port accumulates inventory. Shandong’s local refining enterprises have offered discounts, and Sinopec’s refineries in East China, South China, and Central China have implemented a price of 7900 yuan/ton for pure benzene, which will be implemented on July 28th.
This month, Sinopec has raised the price of pure benzene by 1200 yuan/ton to 7900 yuan/ton.
3、 Future forecast
Crude oil futures: On July 30th, international crude oil futures closed down. The settlement price of the September WTI crude oil futures contract in the United States was $83.59 per barrel, a decrease of $0.87 or 1.0%. The settlement price of Brent crude oil futures for October was $86.88 per barrel, a decrease of $1.21 or 1.4%.
Foreign pure benzene: On July 30th, foreign pure benzene: FOB Korea rose 17 to 961 US dollars/ton, CFR China rose 17 to 979 US dollars/ton. FOB Rotterdam stable at $1233/ton, FOB USG stable at $433/gallon.
Overall forecast: The pure benzene market is expected to fluctuate within a certain range in the short term. We still need to wait and see more news on the cost and demand sides. 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.