1. Key Focus Areas:
Pure Benzene: The ongoing conflict between the Houthis and Saudi Arabia, compounded by the Russia-Ukraine war, continues to elevate supply risks, driving up international crude oil prices. ICE Brent December futures rose by USD 3.94/bbl to USD 109.86/bbl, a week-on-week increase of +3.72%. Market trading activity weakened last Friday, leading to price declines; however, firm weekend crude oil prices provided support for spot markets. This week, the market is expected to exhibit a trend of fluctuating decline.
2. Price Table
| Region | Oct 19 | Oct 16 | Change |
|---|---|---|---|
| East China | 16550 | 16250 | 300 |
| Shandong | 16300 | 16000 | 300 |
| Notes: | |||
| 1. East China prices are ex-factory acceptance bills (tax included) in RMB; Shandong prices are ex-factory cash in RMB. | |||
| 2. Prices represent point-in-time values from the two weeks prior to this week, not weekly averages. | |||
| 3. Change value refers to the week-on-week variation. |
3. Data Table
| Aniline Industry Supply & Demand Data | ||||
|---|---|---|---|---|
| Data Type | 2026/10/15 | 2026/10/8 | Change Rate | Next Week Forecast |
| Capacity Utilization Rate | 84.44% | 87.68% | -3.24% | ↓ |
| Production Profit Margin | 25.10% | / | / | ↑ |
| Output | 8.63 | 8.96 | -0.33 | ↓ |
| 1. Capacity utilization rate reflects the ratio of production output to total capacity, serving as an indicator of production levels. | ||||
| 2. Production profit margin is industry-wide data reflecting overall profitability in major regions, calculated as industry profit relative to average price. | ||||
| 3. Output represents the weekly domestic aniline industry capacity, unit: 10,000 tons. |
4. Market Outlook
In the previous period, tight aniline supply and stable demand supported market gains. As pure benzene prices retreated from highs, buying interest became subdued. However, crude oil strengthened significantly over the weekend, with cost-side pressure continuing to transmit through the industrial chain, leading to rational price increases in the aniline market.
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