SunSirs: On September 26th, the Domestic Benzene Market Was Weak and Declining

https://www.chemnet.com   Sep 27,2024 SunSirs

Product Name: Benzene

Latest price: On September 26th, the average market price was 8,233 RMB/ton.

Analysis review

On the 26th, domestic benzene prices were weak and downward, and the atmosphere of on-site negotiations was temporarily light. The crude oil market was experiencing poor performance, and the price of benzene was weakening along with crude oil. The main focus was on destocking of port inventory, but there was a significant accumulation of inventory in the future, and the market mentality was unstable. As a result, Shandong's local refining market continued to decline.

Market outlook

It is expected that the pure benzene market will continue to be weaker in the short term.

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