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…
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.
This week, in the Central China region, the ethyl acetate production facilities underwent a unit switchover, halting the production of ethyl esters. This supply-side dynamic has led to an increase in auction premiums for ethyl esters in the North China region and price hikes by other major manufacturers. Currently, the ethyl ester market is stabilized, and with inventory levels being low at major manufacturers, prices remain relatively firm. It is expected that ethyl ester prices will experience a minor but steady increase.
The trend of toluene and xylene in East China shows an initial rise followed by a decline. On the refinery side, influenced by crude oil…
Under weak supply and demand for acetone, the overall market remains largely stagnant. However, the strength of raw material, pure benzene has led to a relatively optimistic outlook among holders, who are reluctant to sell at low prices. Additionally, procurement by downstream main factories provides support to the market.
Last week, the upstream operating rate of benzene increased, and the market supply increased, but a number of downstream devices recently started to drive, and the market actively purchased on bargains, coupled with the low rebound of crude oil, pushing the market transaction price up. At the same time, port inventories are at a high level, restraining the increase.
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