Domestic Pure Benzene Market Continued to Rise on July 16
Pure benzene Introduction: Yesterday, domestic pure benzene market continued to rise, external price rose comprehensively, crude oil futures resumed pressure due to the Gulf of Mexico production, New York crude oil fell 1.1% to close at $59.58, U.S. market continued to rise, U.S. profit margin between styrene and pure benzene has dropped to a low point, imports continued. Continue to support the growth of pure benzene prices, US arbitrage is considerable, and market prices have steadily increased. Future market forecast: We still need to pay attention to the operation of Korea-US arbitrage window, and we expect that the domestic pure benzene market will still be strong in the short term.
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