SunSirs: The Focus of the Domestic Benzene Market Shifted Downwards on October 28th

https://www.chemnet.com   Oct 29,2024 SunSirs

Product Name: Benzene

Latest price: On October 28th, the average market price was 7,311.33 RMB/ton.

Analysis review

On the 28th, the focus of the domestic benzene market shifted downwards. Although the arrival of the ship at the port had been delayed and the port inventory had decreased compared to the previous period, both buyers and sellers were cautious and watching, and market transactions were mainly based on monthly swaps. Shandong's local refineries offered discounts and promotions, but overall transaction pressure remained high.

Market outlook

It is expected that the benzene market will fluctuate and consolidate in the short term.

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