This week, domestic pure benzene supply remained relatively stable; however, a decrease in incoming ships coupled with a significant increase in downstream demand due to concentrated pre-holiday stockpiling led to a substantial surge in pure benzene transaction prices, fueled by crude oil prices.
Currently, peace talks between Palestine and Israel are progressing smoothly, and barring any unexpected developments, crude oil prices have room for decline. Additionally, with the gradual cessation of transport vehicles this week, the circulation of goods will be restricted, potentially causing domestic pure benzene prices to fall from their highs. Specific attention should be given to policy changes following Donald Trump's assumption of office.
