1、 Price trend

According to the Commodity Market Analysis System of Business Society, the price of pure benzene has slightly decreased this week. On June 25th, the price of pure benzene was 6187 yuan/ton, and on Friday (June 30th), the price of pure benzene was 6177 yuan/ton, a decrease of 0.37% from last week and 35.14% from the same period last year.

2、 Analysis and Review

This week, the price of Sinopec pure benzene stabilized at 6200 yuan/ton (prices in Shandong and Hebei regions are synchronized)

Downstream aspect

3、 Future Market Forecast

Crude oil rebounded to support, and it is expected that pure benzene will open for consolidation this morning.

Although further interest rate hikes by the Federal Reserve may curb economic growth, the peak summer fuel consumption in the United States has arrived and international oil prices have risen. NYMEX crude oil futures 08 contract increased by $0.30 per barrel or 0.43% to $69.860 per barrel; ICE oil futures contract 08 rose by 0.31 US dollars per barrel or 0.42% to 74.340 US dollars per barrel. The main contract for China INE crude oil futures, 2308, rose 2.5 yuan to 538.5 yuan/barrel, and rose 6.4 yuan to 544.9 yuan/barrel in overnight trading.

Core logic: Yesterday, East China pure benzene reached 6040-6100 yuan/ton, with styrene market prices rebounding and pure benzene spot prices following the trend, resulting in average demand. The mentality of picking up goods on the Shandong market has improved, and the transaction is better at 6060-6130 yuan/ton.