Price trend

According to the commodity market analysis system of SunSirs, the price of pure benzene has slightly increased this week. On June 10th, the price of pure benzene was 9,292 RMB/ton, and on Friday (June 14th), the price of pure benzene is 9,439 RMB/ton, an increase of 1.58% from last week and 52.24% from the same period last year.

Analysis review

This week, the price of Sinopec pure benzene was 9,450 RMB/ton (prices in Shandong and Hebei regions increased by 150 RMB/ton simultaneously)

Market outlook

The night market saw an increase in selling, and early morning pure benzene is expected to open lower and decline in East China.

Data Calendar

Crude oil: The year-on-year growth rate of US CPI is lower than expected, inflationary pressure has eased, expectations of the Federal Reserve's interest rate cut in September have increased, and international oil prices have risen. The NYMEX crude oil futures 07 contract increased by 0.12 US dollars per barrel or 0.15% at 78.62%; ICE oil futures contract 08 rose 0.15 US dollars per barrel, or 0.18%, at 82.75. The main contract of China INE crude oil futures, 2407, rose 4.9 to 606 RMB/barrel, and rose 2.2 to 608.2 RMB/barrel in overnight trading.

Core logic: Yesterday, profit taking back in East China resulted in active selling and insufficient follow-up by buyers. Shandong's refining shipments have been hindered, resulting in a decrease in transaction volume.

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