China East Benzene Rises to 7,670 Yuan/Ton on June 1, Up 30 Yuan/Ton Amid Cost Support

According to Jin10 Futures, on June 1, China East Benzene closed at 7,670 yuan/ton, up 30 yuan/ton from the previous trading day. Near-month prices held relatively firm due to gradual inventory drawdown at East China ports. Maintenance at Sinopec and Hainan Refinery in early June, combined with widespread losses in downstream sectors, weighed on buying interest. However, valuations reached fresh lows, strengthening cost support; prices may edge higher in the near term.
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