This week, the market price of benzene fell and then rebounded. The inventory of Benzene in the port has increased compared with the previous cycle. Although many sets of hydrobenzene units have stopped production, the production capacity of petroleum Benzene has been compensated, and the overall production capacity has increased slightly. The supply of benzene in Shandong and surrounding areas continues to be tight. Considering that a large amount of goods will arrive at the port in the future and large downstream units will stop supplying for maintenance, the market’s shipping atmosphere is relatively positive.
With the rise in styrene and crude oil prices, some buying orders have just been replenished, so the price of benzene market has stopped falling. In view of the current large price difference between months and the fact that most buyers in the market buy due to justified needs, it is expected that the price of benzene will continue to fluctuate next week, but attention should be paid to the benefits brought by crude oil and the impact of goods arriving at the port on the market.
