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Benzene Market Prices Were Raised on July 9
Latest Price: The market average price on July 9 was 7,436.67 RMB/ton, an increase of 3.72% from the previous trading day.
Market Analysis
Domestic market prices to benzene have risen. With international oil prices surging and stabilizing, port inventories continuing to decline, and active buying interest driven by essential downstream demand, market sentiment remains bullish, pushing prices sharply higher. Sinopec refineries in East and South China have set their benzene prices at 7,300 RMB/ton, efficiently July 8.
Market outlook
In the short term, the market is expected to implement a wait-and-see approach, with actual transaction prices determined on a case-by-case basis.
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