1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the market price of pure benzene in Shandong Province first rose and then fell this month. The market price rose sharply in the first half of the year, continued to rise in the middle, and fell sharply in the second half. On June 1st, the price was 5735.33 yuan/ton; On June 30th, the price was 5952 yuan/ton, an increase of 3.78% from the beginning of the month.
2、 Market analysis
Pure benzene: Today’s pure benzene market price performance is mainly stable and consolidated. Although the styrene futures market fell in the morning, the atmosphere of pure benzene on the exchange remained stable and had a certain degree of resistance to decline. The price on the exchange mainly fluctuated slightly within the range. The atmosphere inside the Shandong refinery is relatively light. East China ports continue to accumulate inventory, with average market performance. Overall, businesses are relatively cautious, with market prices mainly operating at a standstill.
This month, Sinopec has raised the price of pure benzene by 150 yuan/ton to 6100 yuan/ton.
Downstream aspects
3、 Future forecast
Crude oil futures: On June 27th, international crude oil futures closed slightly higher. The settlement price of the August WTI crude oil futures contract in the United States was $65.52 per barrel, an increase of $0.28 or 0.4%. The settlement price of Brent crude oil futures for September was $66.80 per barrel, an increase of $0.04.
Pure benzene trading: On June 27th, FOB Korea rose by $2 to $723 per ton, while CFR China rose by $3 to $740 per ton. FOB Rotterdam rose by $19 to $710 per ton, while FOB US Gulf remained stable at 261 cents per gallon.
Overall expectation: In the short term, the pure benzene market will continue to operate steadily and fluctuate, and we will wait and see for 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.