News

Domestic benzene prices remain high and resilient, with stable import arrivals leading to a continuous rise in port inventories.

This week, crude oil prices exhibited wide fluctuations with both increases and decreases observed. As the end of the month approached for toluene and xylene deliveries in the eastern China region, the overall market atmosphere was relatively vibrant.

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Recently, the price of ethyl acetate surged due to the temporary shutdown of major factory units, leading to upward adjustments in prices by factories in other regions. Factories in central China have resumed operations, but there is a certain degree of waiting time for scheduling and loading. With the recent resumption of operations at major factories in Shandong, prices have begun to decline, and there are expectations of increased production capacity. It is predicted that prices will weaken further at the beginning of this week on this basis.

Recently, crude oil and pure benzene have shown a slightly stronger overall performance, providing a certain degree of underlying support for styrene.

As downstream demand increases, supply pressure rises in North China, leading to widespread price hikes. Arbitrage opportunities from East China to North China emerge. Although port inventories rise slightly, the increase in vehicle pickups curbs the magnitude of inventory growth.

Recently, the foreign trade sector has been receiving a succession of positive news, successfully drawing numerous visits from international partners from countries such as Egypt, the UAE, Uzbekistan, Saudi Arabia, and others.

Last week, crude oil prices continued to rise, and coupled with the introduction of related economic policies, the overall market enthusiasm was further boosted. Toluene and xylenes increased simultaneously, leading to a decrease in low-priced resources in the market.

Supported by the raw material pure benzene, acetone prices remain relatively stable. Despite an increase in inventory in East China, the anticipation of reduced supply due to short-term shutdowns at factories in Yangzhou has weakened holders’ willingness to sell at low prices, leading to mostly firm quotes. However, there has been no significant improvement in downstream demand, with activities primarily focused on fulfilling contracts and orders.

The domestic capacity of benzene has increased. Driven by centralized procurement in Shandong, prices rose in the first half of the week, and the listed…

he rebound potential for crude oil is limited. Although the market dynamics for pure benzene are strengthening, in the short term, it is still primarily influenced by the trend of styrene.

This week, in the Central China region, the ethyl acetate production facilities underwent a unit switchover, halting the production of ethyl esters. This supply-side dynamic has led to an increase in auction premiums for ethyl esters in the North China region and price hikes by other major manufacturers. Currently, the ethyl ester market is stabilized, and with inventory levels being low at major manufacturers, prices remain relatively firm. It is expected that ethyl ester prices will experience a minor but steady increase.