SunSirs: The Domestic Benzene Market Price slightly Decreased on November 27th
November 28 2024 15:44:55 SunSirs (John)
Product Name: Benzene
Latest price: On November 27th, the average market price was 7,336.67 RMB/ton, a decrease of 0.47% from the previous trading day.
Analysis review
On November 27th, the price of benzene in the domestic market slightly decreased, and the trading atmosphere on the exchange was still acceptable. Shandong's local refining industry has slightly lowered its prices according to the market trend, and the price of benzene in the East China market has also slightly declined, with average low-priced shipments in the market. As of November 27th, the decline in geopolitical risks, coupled with the strengthening of the US dollar exchange rate, has led to a decline in international crude oil futures, affecting confidence in the benzene market.
Market outlook
It is expected that the benzene market will consolidate to be stable in the short term, with actual transactions subject to negotiation.
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