As downstream demand increases, supply pressure rises in North China, leading to widespread price hikes. Arbitrage opportunities from East China to North China emerge. Although port inventories rise slightly, the increase in vehicle pickups curbs the magnitude of inventory growth.
Recently, the foreign trade sector has been receiving a succession of positive news, successfully drawing numerous visits from international partners from countries such as Egypt, the UAE, Uzbekistan, Saudi Arabia, and others.
Last week, crude oil prices continued to rise, and coupled with the introduction of related economic policies, the overall market enthusiasm was further boosted. Toluene and xylenes increased simultaneously, leading to a decrease in low-priced resources in the market.
Supported by the raw material pure benzene, acetone prices remain relatively stable. Despite an increase in inventory in East China, the anticipation of reduced supply due to short-term shutdowns at factories in Yangzhou has weakened holders’ willingness to sell at low prices, leading to mostly firm quotes. However, there has been no significant improvement in downstream demand, with activities primarily focused on fulfilling contracts and orders.
he rebound potential for crude oil is limited. Although the market dynamics for pure benzene are strengthening, in the short term, it is still primarily influenced by the trend of styrene.
The domestic capacity of benzene has increased. Driven by centralized procurement in Shandong, prices rose in the first half of the week, and the listed…
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