I. Key Focus
Pure Benzene: The market is monitoring the risk of renewed conflict between the U.S. and Iran, although mediators are still pushing for peace talks. International crude oil prices rose slightly. ICE Brent futures (January contract) closed at $98.32/bbl, up $0.03/bbl or +0.03% week-on-week. Given the relatively high likelihood of easing tensions between the U.S. and Iran, pure benzene prices in Shandong fluctuated downward over the weekend. Pure benzene markets are expected to continue trading weakly within a narrow range this week.
II. Price Table
| Region | Nov 9 | Nov 6 | Change |
|---|---|---|---|
| East China | 16,750 | 16,750 | 0 |
| Shandong | 16,500 | 16,500 | 0 |
| Notes: | |||
| 1. Prices for East China are ex-works, tax-inclusive, settled via bank acceptance bills; prices for Shandong are ex-works, tax-inclusive, settled via cash remittance. | |||
| 2. These figures represent spot prices from the two preceding weeks, not weekly averages. | |||
| 3. "Change" indicates the week-on-week variation. |
III. Data Table
| Aniline Industry Supply & Demand Data | ||||
|---|---|---|---|---|
| Metric | 2026/11/5 | 2026/10/29 | Change Rate | Next Week Forecast |
| Operating Rate | 85.98% | 81.04% | +4.94% | ↑ |
| Production Margin | 36.15% | 31.45% | +4.70% | ↓ |
| Output | 8.78 | 8.28 | +0.50 | ↑ |
| 1. Operating rate reflects the ratio of actual production to installed capacity, indicating production levels. | ||||
| 2. Production margin is an industry-wide metric reflecting overall profitability in major regions, calculated as industry profit divided by average price. | ||||
| 3. Output refers to weekly domestic aniline production capacity, unit: 10,000 tons. |
IV. Market Outlook
As previously shut-down units gradually restart, market sentiment has shifted bearish. Some holders have reduced their willingness to retain inventory, leading to discounts in actual transactions. However, other producers currently face no significant pressure, allowing the aniline market to maintain firm pricing at high levels.
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