Summary of the trend of pure benzene in January (January 1-23, 2025)

1、 Price trend

 

Gamma Polyglutamic Acid

According to the Commodity Market Analysis System of Shengyi Society, the price of pure benzene has risen this month and has been continuously increasing since the beginning of the month. On January 1st, the price was 7234.67 yuan/ton; On January 23rd, the price was 7543 yuan/ton, an increase of 4.26% from the beginning of the month.

 

2、 Market analysis

 

Pure benzene: The price of pure benzene in the domestic market has increased today. As the Spring Festival holiday approaches, the Shandong region is actively stocking up, with a good mood for receiving goods on site and a high volume of transactions. In addition, due to the low inventory of most refineries in Shandong, local refineries have reported an increase in offers. The follow-up of buying in the East China region is still acceptable, and the market is mainly stable. Styrene futures rose, and the overnight rise of pure benzene boosted confidence in the pure benzene market. Overall, the confidence in the pure benzene market is good.

 

This month, the price of pure benzene from Sinopec has increased by 150 yuan/ton to 7500 yuan/ton.

 

Downstream aspects

 

3、 Future forecast

 

Crude oil futures: On January 22nd, international crude oil futures closed down. The settlement price of the main contract for WTI crude oil futures in the United States was $75.44 per barrel, a decrease of $0.39 or 0.5%. The settlement price of the main Brent crude oil futures contract was $79.00 per barrel, a decrease of $0.29 or 0.4%.

 

Pure benzene trading: On January 22nd, FOB Korea remained stable at $902/ton, CFR China rose by $3 to $917/ton, FOB Rotterdam rose by $2 to $891/ton, and FOB USG was 303 cents/gallon.

 

Comprehensive forecast: In the short term, the pure benzene market is expected to consolidate and operate within a certain range, with a wait-and-see attitude towards cost and demand news. Continue to monitor the trends of crude oil and external markets, as well as the impact of changes in pure benzene and downstream equipment dynamics and demand on the price of pure benzene.

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