1、 Price trend

According to the commodity market analysis system of Business Society, the price of pure benzene has slightly increased this week. On January 29th, the price of pure benzene was 7948 yuan/ton, and on Friday (February 2nd), the price of pure benzene was 8000 yuan/ton, an increase of 1.91% from last week and 12.99% from the same period last year.

2、 Analysis and Review

This week, the price of Sinopec pure benzene was 8300 yuan/ton (prices in Shandong and Hebei regions increased by 450 yuan/ton simultaneously)

Downstream aspect

3、 Future Market Forecast

Crude oil fell and fell to 8230-8250 yuan/ton in the evening trading. It is expected that East China pure benzene will open low and consolidate in the morning.

Crude oil: The market is paying attention to the progress of negotiations on a ceasefire agreement between Palestine and Israel, with expectations of reduced geopolitical risks and a decline in international oil prices. NYMEX crude oil futures contract 03 fell by $2.03 per barrel, or 2.68%, at 73.82%; ICE oil futures futures for the month of April contract 78.70 fell $1.85 per barrel, or 2.30%. The main contract of China INE crude oil futures, 2403, fell 3.7 to 579.4 yuan/barrel, while it fell 10.1 to 569.3 yuan/barrel in overnight trading.

Core logic: Yesterday, the price of pure benzene in East China continued to rise significantly, with downstream buying still acceptable and a positive trading atmosphere. Some refineries in Shandong have a weak willingness to hold goods, resulting in a slight decline in their offers. Some businesses are bullish and actively buy, driving higher trading volume within the day.