1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of pure benzene has continued to decline this week. On Monday, the price of pure benzene was 6385.33 yuan/ton, and on Friday, it was 6152 yuan/ton, with a price drop of 3.65% during the week.
2、 Market analysis
Pure benzene: The price of pure benzene has continued to decline this week. The domestic pure benzene market lacks buying momentum, and the trading atmosphere on the exchange is still mainly focused on filling short positions. Downstream product profits have declined, operating loads have decreased, and there is insufficient demand for pure benzene. The demand for purchasing gas is average, and the price of local refineries in Shandong has been lowered to stimulate short supply and purchase of goods at low prices.
This week, the price of Sinopec has remained stable at 6200 yuan/ton.
Downstream aspects
3、 Future forecast
Crude oil futures: On April 24th, international crude oil futures rose. The settlement price of the main contract for WTI crude oil futures in the United States was $62.79 per barrel, an increase of $0.52 or 0.8%. The settlement price of the main Brent crude oil futures contract was $66.55 per barrel, an increase of $0.43 or 0.7%.
On April 24th, FOB Korea fell by $12 to $723 per ton, CFR China fell by $12 to $739 per ton, FOB Rotterdam fell by $5 to $670 per ton, and FOB Gulf fell by 2 cents to $251 per gallon.
Overall forecast: The pure benzene market is still weak in the short term, and we are waiting to see the cost and demand 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.