Pure Benzene: European and American crude oil futures sharply retreat, pure benzene market may face downward pressure

As of March 9, the mainstream market price for pure benzene in East China closed at 10,000 yuan/ton, up 3,640 yuan/ton from 6,360 yuan/ton at the beginning of March. Due to unexpected events, international crude oil prices surged broadly, triggering a chain reaction in the downstream chemical industry chain. As a core downstream product of crude oil aromatics, the pure benzene market showed a wide-range increase, with listing prices rising from 6,150 yuan/ton at the beginning of the year to 11,000 yuan/ton, an increase of over 78% in just a few months, reaching a new high for the period. In the short term, after European and American crude oil futures broke through $100, they sharply retreated, and pure benzene may follow crude oil prices downward. (Zhuochuang Information)