SunSirs: The Price of Benzene in the Domestic Market Fell on October 30th

https://www.chemnet.com   Oct 31,2024 SunSirs

Product Name: Benzene

Latest price: The average market price on October 30th was 7,113 RMB/ton, a decrease of 2.38% from the previous trading day.

Analysis review

On October 30th, the focus of the domestic benzene market shifted downwards. Sinopec's refineries in East and South China had lowered prices, intensifying bearish sentiment in the market and causing instability among holders. Shandong refining continued to decline, with relatively light market transactions and cautious actual orders.

Market outlook

Due to the significant decline on the 30th, it is expected that the benzene market will consolidate to stabilize in the short term.

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