1、 Price trend

According to the commodity market analysis system of Business Society, the price of pure benzene has slightly decreased this week. On February 26th, the price of pure benzene was 8717 yuan/ton, and on Friday (March 1st), the price of pure benzene was 8483 yuan/ton, a decrease of 2.68% from last week and an increase of 19.42% from the same period last year.

2、 Analysis and Review

This week, the price of Sinopec pure benzene was 8550 yuan/ton (prices in Shandong and Hebei regions have dropped by 300 yuan/ton simultaneously)

Downstream aspect

3、 Future Market Forecast

Night trading of pure benzene was discussed at 8350-8400 yuan/ton, and it is expected that pure benzene in East China will fluctuate and consolidate in the morning.

Crude oil: Market concerns about demand prospects continue, and there has been no significant improvement in the global economy, leading to a decline in international oil prices. NYMEX crude oil futures 04 contract 78.26 fell 0.28 US dollars per barrel, or 0.36%; ICE oil futures 04 contract 83.62 fell 0.06 US dollars per barrel, or 0.07%. The main contract of China INE crude oil futures, 2404, rose 3.6 to 609.1 yuan/barrel, and fell 3.2 to 605.9 yuan/barrel in overnight trading.

Core logic: Yesterday, the price of pure benzene was weakly consolidated, and the trading atmosphere was average. The market atmosphere is stagnant, and both buyers and sellers have a clear wait-and-see attitude. Shandong has been experiencing consecutive days of poor shipments, putting pressure on some refineries’ inventory and causing prices to continue to decline. After the price drop, the follow-up of buying gas is average, with a focus on just needs.