This week, the benzene market has shown a trend of strength, with multiple refineries in Shandong reducing operations and loads. Coupled with favorable downstream demand, Shandong has led the domestic market upwards, maintaining the domestic benzene market at a high and resilient level. Meanwhile, influenced by weak demand and strong supply of styrene, the upward momentum of benzene has been curbed.
Additionally, the new policies in the United States have adversely affected crude oil prices, leading to significant differences of opinion in the market regarding bullish and bearish outlooks. It is expected that the benzene market will undergo a period of consolidation with a slight upward bias this week.
