Last week, domestic petroleum benzene production capacity increased, offsetting the reduction in hydrogenated benzene production, and the production capacity increased slightly. At the same time, the imported goods were concentrated at the port, and the port inventory continued to increase. Although the supply of Shandong petroleum benzene decreased, forming price support for the market, but the supply from North China flowed to East China, the progress of port pick-up slowed down significantly, and the production reduction and demand reduction of multiple sets of downstream equipment, caused the weakening of the influence of crude oil on pure benzene.
It is expected that the supply of goods arriving at the port will remain high this week. There is no news that is bad for pure benzene. We need to focus on the impact of the situation in the Middle East on crude oil supply.
