1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the market price of pure benzene has risen significantly this week. On Monday, the price of pure benzene was 5955.33 yuan/ton, and on Friday, it was 6452 yuan/ton, with a price increase of 8.34% during the week.
2、 Market analysis
Pure benzene: The market price of pure benzene has risen significantly this week. Due to the escalating tensions in the Middle East this week, oil prices have risen to a two month high, with pure benzene catching up significantly. Today, the price of pure benzene has risen by around 250-350 yuan/ton, and has been steadily rising since the opening. Large investors are cautious, and the overall trading atmosphere is good.
This week, Sinopec’s price has increased by 450 yuan/ton to 6300 yuan/ton.
Downstream aspects
3、 Future forecast
Crude oil futures: On June 12th, international crude oil futures closed down. The settlement price of the July WTI crude oil futures contract in the United States was $68.04 per barrel, a decrease of $0.11 or 0.2%. The settlement price of Brent crude oil futures for August was $69.06 per barrel, a decrease of $0.41 or 0.6%.
Pure benzene overseas: FOB Korea rose $8 to $733/ton, CFR China rose $7 to $750/ton. FOB Rotterdam stable price of $710/ton, FOB US Gulf stable price of $265/gallon.
Overall forecast: In the short term, the pure benzene market is expected to strengthen and consolidate, with a wait-and-see attitude towards 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.