Product Name: Benzene
Latest price: The average market price on February 18th was 7,829.67 RMB/ton, a decrease of 0.21% from the previous trading day.
Analysis review
On February 18th, the domestic benzene market prices fell. Shandong's local refining enterprises had poor shipments, leading to market promotions and further price reductions. The price of benzene in Sinopec's refineries in East and South China remained stable. The spot price of benzene in East China was consolidating at a high level. International crude oil futures closed higher, with benzene prices rising in foreign markets. On the 18th of the month, styrene futures strengthened. Overall, the confidence in the benzene market was still acceptable..
Market outlook
It is expected that the benzene market will mainly fluctuate within a certain range in the short term, with limited room for downward adjustment. Actual transactions are subject to negotiation.
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