SunSirs: The Domestic Benzene Market Prices Were Adjusted to Be Weaker on December 24th
December 26 2024 09:08:30 SunSirs (John)
Product Name: Benzene
Latest price: On December 24th, the average market price was 7,518 RMB/ton, a decrease of 0.04% from the previous trading day.
Analysis review
On December 24th, the domestic benzene market prices were adjusted to be weaker, and the trading atmosphere on the exchange was average. International crude oil futures closed down, and the price of benzene in foreign markets fell, affecting confidence in the domestic benzene market. The inventory of East China ports has accumulated, and the cargo holders have reported loose offers. Some refineries in Shandong have slightly lowered their offers. As the contract delivery period approached, the market was more active in the circulation of low-priced goods.
Market outlook
It is expected that the benzene market will experience weaker consolidation and operation in the short term, and actual transactions are subject to negotiation.
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