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Recent upturn in downstream demand of pure benzene Market
　
WTI crude oil futures for April closed up $1.35, or 3.91%, at $35.92 a barrel on Friday, March 4, after a one-day break last week, driven by strong U.S. employment data and technical factors. International crude oil closed higher, affected by this performance of pure benzene outer disk is strong, the price difference between inside and outside plate is obvious, boosting the mentality of people on the site.
FOB Korea rose $3 to $621-622 a ton in Asia's pure benzene market, FOB Southeast Asia rose $3 to $605-606 a ton, CFR China rose $2 to $630-631 a ton. Recently, the pure benzene market has been in a good mood. Petrochemical manufacturers have raised the listing price one after another. Hydrobenzene products are on the rise, which supports the pure benzene market.
The surge in U.S. crude oil inventories may have a negative impact on crude oil. In addition, the domestic supply of pure benzene is abundant, and the rise of pure benzene market is hindered. In March, the downstream demand of pure benzene market is expected to rebound. Petrochemical manufacturers are still likely to increase. It is expected that the pure benzene market will show a steady upward trend in the near future. We still need to pay attention to crude oil and external market dynamics.