Shouchuang Futures: Construction continues to decline, pure benzene futures remain strong

K-LinePoet · 2026-04-09T04:41:23+00:00

Recently, CFR China pure benzene prices have risen to $1,150/ton. Influenced by the US-Iran ceasefire agreement, the market is pessimistic about the future prospects of the agreement. Geopolitical tensions have led to energy supply disruptions, causing domestic and international refineries to face raw material shortages, resulting in a decrease in pure benzene throughput. Pure benzene demand remains stable, and it is expected that prices will maintain a fluctuating and slightly strong trend in the short term.

K-LinePoet

2026-04-09 04:41:23

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In the spot market, the CFR China price for pure benzene is $1,150 per ton, up by $62 per ton from the previous trading day.
On the cost side, the U.S. and Iran have received a 45-day ceasefire agreement, but Iran responded hardline, putting forward 10 demands. The market believes the likelihood of reaching some part of the agreement within the next 48 hours is low. The U.S. said that if the deadline passes without an agreement, it will carry out further military strikes. International oil prices remain at a high level.
On the supply side, the geopolitical situation remains tense, with energy supply disruptions continuing. In recent days, domestic and overseas refineries have increasingly announced force majeure due to raw material shortages. Last week, domestic pure benzene operating rates fell by 3.2 percentage points, while Asia’s pure benzene operating rates fell by 2.3 percentage points. In the East China ports, pure benzene inventories decreased by 0.4 million tons, and it is expected that the month of April’s pure benzene supply-demand destocking may see a larger decline.
On the demand side, downstream styrene and phenol plant operating rates have increased, while other downstream operating rates are basically steady.
In short, supported by cost increases and with supply continuing to tighten, it is expected that in the short term, pure benzene futures prices will trade in a choppy but generally strong trend. Keep an eye on the geopolitical situation, crude oil prices, and changes in unit operating rates. (Capital Futures)

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