Benzene continued its downward trend this week. As the subsequent product units of benzene entered the maintenance period, and some units were in a loss-making state due to the impact of profits, demand weakened, supply increased, and the situation in the Middle East was temporarily eased, the futures price of crude oil fell. Everyone in the market chose to wait and see, and did not dare to buy or sell easily. The transaction price of benzene in East China fell day by day.
Although domestic market prices have been falling continuously, the price of benzene is still much higher than the market price in Europe and the United States. The domestic market is still mainly based on import arbitrage, and there is still room for the price of benzene to continue to fall. In the later stage, it is necessary to focus on the profitability of benzene products and the impact of the situation in the Middle East on crude oil prices.
