1、 Price trend

According to the Commodity Market Analysis System of Business Society, the price of pure benzene has slightly increased this week. On October 30th, the price of pure benzene was 7900 yuan/ton, and on Friday (November 3rd), the price of pure benzene was 7920 yuan/ton, an increase of 0.25% compared to last week and 11.67% compared to the same period last year.

2、 Analysis and Review

The price of Sinopec pure benzene this week is 8050 yuan/ton (prices in Shandong and Hebei regions are synchronized)

3、 Future Market Forecast

Crude oil rebounded, but the overnight market weakened, and it is expected that East China pure benzene will shake and consolidate in the morning.

Crude oil: The Federal Reserve temporarily did not raise interest rates in November, the US dollar exchange rate fell, risk appetite returned to the financial market, and international oil prices rose. NYMEX crude oil futures contract 12, 82.46, rose 2.02 US dollars per barrel, or 2.51%; ICE oil futures 01 contract 86.85 rose 2.22 US dollars per barrel, or 2.62%. The main contract of China INE crude oil futures, 2312, fell 0.8 to 651.1 yuan/barrel, and rose 4.0 to 655.1 yuan/barrel in the evening trading.

Core logic: Yesterday, downstream styrene slightly declined, with insufficient support for pure benzene. After the end of the month delivery, the market quickly fell, and overall spot resource trading was light. The Shandong market trading Lihuayi styrene unit is scheduled to undergo maintenance, but the demand for gas in the intraday market is relatively high, and the focus of the transaction continues to shift downwards.