At the beginning of the week, under the pessimistic atmosphere of macro data, bulk chemical commodity prices generally fell, and the number of subsequent port arrivals is expected to increase, the price of benzene in East China has fallen sharply to the lowest price this month, however, due to the approaching double holidays, downstream enterprises are actively preparing stocks, as well as the increase in the number of new and resumed production units in the downstream, the increase in demand has curbed the rise in port inventory, at the same time, due to the widening market price gap between the north and the south, arbitrage space exists, a large amount of cargo resources from the port flow to North China, this caused a decrease in port inventory, the price of benzene rebounded at the weekend.
It is expected that next week will enter the stocking period before the National Day holiday, this news will drive up the price of benzene, in the absence of significant changes in crude oil, the price of benzene will remain high.
