Shouchuang Futures: Oil prices decline, pure benzene futures halt their rise and fall back

K-LinePoet · 2026-04-08T03:59:21+00:00

In the spot market, the price of pure benzene in China has risen to $1,157 per ton. Influenced by cost and supply factors, geopolitical conflicts have intensified, leading to refinery production cuts. Although Trump's remarks caused oil prices to fall, short-term pure benzene futures are expected to fluctuate at high levels, with attention needed on geopolitical developments and crude oil price volatility.

K-LinePoet

2026-04-08 03:59:21

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In the spot market, CFR China pure benzene prices were $1,157 per ton, up $30 per ton from the previous trading day.
On the cost side, Trump said he was willing to end the Iran war without reopening the Strait of Hormuz, and international oil prices fell on the news.
On the supply side, geopolitical tensions are still ongoing. The number of cases in which domestic and overseas refineries declared force majeure due to raw material shortages has increased. Last week, domestic pure benzene operating rates fell by 1.8 percentage points, while in Asia they were broadly steady. Pure benzene inventories at East China ports fell by 0.4 thousand tons, and it is expected that the rate of destocking in pure benzene supply and demand for March and April will increase.
On the demand side, downstream operations for styrene and phenol declined, while operations for adipic acid and MDI improved. Other downstream operations were basically steady.
Overall, geopolitical conditions remain tight, and refinery output cuts driven by disruptions to energy supply are still continuing. However, Trump’s comments have shaken oil prices. It is expected that in the short term, pure benzene futures prices will trade in a high-range range-bound pattern. Keep an eye on geopolitical developments, crude oil prices, and changes in unit operating rates. (Chuangchuang Futures)

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