Shouchuang Futures: Geopolitical Disruptions, Pure Benzene Futures Price Fluctuates with Upward Bias

K-LinePoet · 2026-03-25T15:07:27+00:00

On March 20, CFR China pure benzene prices rose to $1093/ton. Affected by geopolitical tensions and raw material shortages, Asian and domestic refinery operating rates have declined, with inventory levels decreasing. Downstream demand remains cautious. It is expected that pure benzene futures prices will fluctuate with a slight upward bias in the short term. Market participants should monitor relevant market movements.

K-LinePoet

2026-03-25 15:07:27

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Spot Market: On March 20, CFR China pure benzene price is $1,093/ton, up $25/ton from the previous trading day.
Supply: Geopolitical tensions have escalated, leading domestic and foreign refineries to declare force majeure due to raw material shortages. Last week, Asian pure benzene loadings decreased by 0.2 percentage points, and domestic pure benzene loadings fell by 1 percentage point. Pure benzene inventories at East China ports decreased by 10,000 tons.
Demand: Downstream styrene, CPL operating rates have declined, phenol operating rates have slightly increased, while other downstream operations remain stable. Pure benzene downstream factories are cautious about purchasing high-priced raw materials.
In summary, signs of further escalation in geopolitical tensions have increased concerns about potential crude oil supply disruptions causing further refinery cutbacks. The aromatic and olefin chains are broadly rising. In the short term, pure benzene prices are expected to remain volatile and slightly strong, with attention to geopolitical developments, crude oil prices, and plant operation changes. (First Capital Futures)

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