Benzene bullish anticipation failed

From the reasons, first, it is due to the decline in upstream benzene. After the Labor Day holiday (May 1-4), the logic of expected support from oil blending to benzene market was proven to be false, and benzene downstream industries had additional production cut for poor demand, and these directly affected the supply-demand balance of benzene. The previously anticipated large-scale destock has turned into rough balance or even slight inventory accumulation. Coupled with the impact of falling crude oil prices, benzene prices in East China have continued to decline.