1、 Price trend

This week, the price of pure benzene in the Shandong region fluctuated and rose. On Monday, the price of pure benzene was 7434.33 yuan/ton, and on Friday, it was 7494.33 yuan/ton, with a price increase of 0.81% during the week.
2、 Market analysis
Pure benzene: From the weekly trend, the price of pure benzene showed a trend of first rising and then falling, with a continuous upward trend from the beginning of the week to Wednesday and a significant decline on Thursday. During the week, Sinopec’s refineries in East China, South China, and Central China have raised the price of pure benzene twice in a row, with a cumulative increase of 350 yuan. The latest price of pure benzene is currently 7700 yuan/ton, which will be implemented on August 12th. The current stalemate in the US Iran game is causing market concerns to slow down. The support for pure benzene has decreased, and there is no obvious positive news to support it in the market. The focus of the pure benzene market is in a stalemate and consolidation.
3、 Future forecast
Crude oil futures: On August 13th, international crude oil futures closed down. The settlement price of the September WTI crude oil futures contract in the United States was $81.25 per barrel, a decrease of $2.02 or 2.4%. The settlement price of Brent crude oil futures for October was $87.07 per barrel, a decrease of $1.91 or 2.2%.
Foreign pure benzene: On August 13th, FOB Korea fell 2 to 943 US dollars/ton, and CFR China fell 1 to 956 US dollars/ton. FOB Rotterdam rose by 19 to 1152 US dollars per ton, FOB USG rose by 5 to 463 US cents per gallon.
Comprehensive forecast: The short-term pure benzene market is expected to show a range oscillation pattern. 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.