The Market Price of Benzene Rose and Then Fell Last Week (October 12-16)

By SKYSEVEN Chemical Technical Team · 2026-10-20

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According to the Commodity Market Analysis System of SunSirs, the market price of benzene in the Shandong region experienced an initial rise followed by a decline last week, resulting in a slight overall decrease. The price stood at 10,467.67 RMB/ton on Monday and 10,441 RMB/ton on Friday, marking a decline of 0.25% over the week.

Analysis and Commentary

Benzene: Last week, the market price to benzene in the Shandong region rose before falling, resulting in a slight overall decline. On Wednesday, Sinopec raised the price of benzene by 200 RMB/ton to 10,800 RMB/ton at its refineries in East, South, and Central China, efficiently October 14. On Friday, Sinopec lowered the price by 200 RMB/ton to 10,600 RMB/ton, efficiently October 16. Yesterday, independent refineries in Shandong faced difficulties in maintaining their price levels while trying to move stock; today, their quoted prices have trended downward, and there is a notable decline in the willingness of market participants to hold inventory.

Market Outlook:

Crude Oil Futures: On October 15, international crude oil futures closed higher. U.S. WTI crude futures saw a notable gain, with the November contract settling at $97.97 per barrel—an increase of $2.88, or 3.0%. Brent crude futures closed nearly flat, with the December contract settling at $105.92 per barrel—a decline of $0.14, or 0.1%.

External Market Benzene: On October 15, prices fell by $29 to $1,244/ton (FOB South Korea) and by $29 to $1,285/ton (CFR China). Prices remained stable at $1,476/ton (FOB Rotterdam), while FOB USG prices dropped by 5 cents to 558 cents per gallon.

Overall Outlook: In the short term, the benzene market is expected to see minor fluctuations. Market participants are advised to monitor developments regarding costs and demand. Continued attention should be paid to trends in crude oil and external markets, the operational status of benzene and downstream production facilities, and shifts in demand, all of which might affect benzene prices.

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