On January 30, the price of pure benzene in China increased

January 30 news

Product Name: Pure Benzene

Latest price: As of January 30, the average market price was 6,186.67 CNY/ton, up 1.92% from the previous trading day's price.

Analysis: Today, the price of pure benzene in the Chinese market has risen. International crude oil futures have significantly increased, providing clear support to pure benzene, and confidence in the spot market for pure benzene is high, leading to a broad upward trend. Shandong local refining companies have continued to raise their quotations, and it is difficult to find low offers in the market. Overall, in the short term, oil prices will still be influenced by supply disruptions and geopolitical risks, and the bullish sentiment may continue. It is expected that the price of pure benzene will remain firm in the short term, with actual transactions negotiated on a case-by-case basis.

Figure: P-value curve of pure benzene product