This week, the benzene market fluctuated slightly upward. Due to the destocking trend of East China ports, Shandong refineries have low inventories. and the continuous rise in international crude oil prices, the pessimism in the benzene market has been alleviated, buying enthusiasm has increased, and the quoted price has risen. However, due to the subsequent arrival of cargoes, the market still holds a bearish mentality, and judging from the difference between the settlement price and the market price, most of the purchases during the week were made on dips.
Next week, the downstream demand for benzene will increase, which will aggravate the tight spot supply situation,and it is still unknown how much impact the accumulated inventory in East China will have on the market mentality, so the benzene market will be cautiously bearish next week and will be viewed as volatile.
