1、 Price trend

According to the Commodity Market Analysis System of the Business Society, the price of pure benzene has been in a downward trend this month, and the price fluctuation is not significant. On June 1st, the price was 6530 yuan/ton; On June 30th, the price was 6184 yuan/ton, a decrease of 5.29% compared to the beginning of the month and a decrease of 35.07% compared to the same period last year.

2、 Analysis and Review

1. Crude oil fell broadly, with a bearish cost side. 2. The Asian American arbitrage window has closed, and the domestic price of pure benzene in China is high, resulting in a high import volume of pure benzene in May. And the overall supply of pure benzene in the market is sufficient. 3. Downstream profitability is poor, styrene continues to decline, and market interest in purchasing pure benzene is average, dragging down pure benzene on the demand side.

This month, the price of Sinopec pure benzene decreased by 300 yuan/ton to 6200 yuan/ton.

Downstream aspect

3、 Future Market Forecast

Although further interest rate hikes by the Federal Reserve may curb economic growth, the peak summer fuel consumption in the United States has arrived and international oil prices have risen. NYMEX crude oil futures 08 contract increased by $0.30 per barrel or 0.43% to $69.860 per barrel; ICE oil futures contract 08 rose by 0.31 US dollars per barrel or 0.42% to 74.340 US dollars per barrel. The main contract for China INE crude oil futures, 2308, rose 2.5 yuan to 538.5 yuan/barrel, and rose 6.4 yuan to 544.9 yuan/barrel in overnight trading.

On June 30th, pure benzene was traded outside: Asia was closed for the Haze Festival, with FOB Rotterdam falling by $1 to $899 per ton and FOB USG falling by 12 cents to 275 cents per gallon.

The short-term weakness of fundamentals is difficult to improve. East China ports are expected to continue to accumulate, with sufficient supply on the market. In the short term, pure benzene will continue to show a weak trend, and we will wait and see if the cost and demand sides can improve. Continue to pay attention to the trend of crude oil and external markets, as well as the impact of the dynamics of pure benzene and downstream devices, and changes in demand on the price of pure benzene.