Last week, domestic production capacity increased slightly as the market entered the pre-holiday stockpiling period. Port inventories declined somewhat but remained high overall. Due to weak overseas demand, incoming shipments will be relatively concentrated in the subsequent period, and the market remains bearish in the long term. This week, the pre-holiday stockpiling period has entered its final stage, and port inventories are expected to continue to decline. Oil blending materials surged last weekend, providing favorable support for benzene.
Consequently, some petroleum benzene factories significantly raised their quotes. This week, attention should be paid to end-user factories' acceptance of these higher prices and changes in crude oil prices.
