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Home > News > Benzene falls in Korea, China and Rotterdam while US Gulf Coast rises

Benzene falls in Korea, China and Rotterdam while US Gulf Coast rises

Published on 2026-11-04

I. Key Points

  1. International Benzene: FOB Korea fell by $52 to $1,126/ton; CFR China dropped by $52 to $1,149/ton. FOB Rotterdam declined by $39 to $1,205/ton, while FOB US Gulf Coast rose by 8 cents to 385 cents/gallon.

  2. Crude Oil: Tensions between the U.S. and Iran remained stable ahead of the U.S. midterm elections, alleviating concerns over supply risks and leading to a decline in international crude oil prices. ICE Brent futures for the January contract settled at $103.60/bbl, down $1.17/bbl (-1.12% week-on-week).

Region Nov 3 Nov 2 Change (%)
FOB Korea 1126 1178 -4.41%
CFR China 1149 1201 -4.33%
East China Market 9300 9750 -4.62%
Shandong Market 9451 9826 -3.82%
Notes:
1. FOB Korea and CFR China benzene prices are in USD/ton; domestic benzene prices are in CNY/ton.
2. Benzene prices represent the closing average of mainstream markets.
3. All RMB prices listed above are spot exchange, tax-inclusive, ex-works prices.
4. Change rates reflect week-on-week variations.

II. Market Outlook

Yesterday, both regional markets experienced significant declines. Post-drop sales remained sluggish, and prices are expected to face downward pressure today.

Data Item Release Date Previous Value Trend Forecast
Benzene Port Inventory (East China) Monday 16:00 PM 32,000 tons ↘
Weekly Benzene Capacity Utilization Rate Thursday 18:00 PM 72.98% ↗
Weekly Benzene Profit Margin Thursday 18:00 PM 1,799 CNY/ton ↘
1. ↓↑ indicates substantial fluctuation, highlighting data dimensions with changes exceeding 3%.
2. ↗ ↘ indicates minor fluctuation, highlighting data with changes within 0–3%.

Comments

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  • Daniel Foster 2026-11-04 10:00
    The sharp drop in CFR China benzene prices reflects weak downstream demand and sluggish spot trading. With crude easing on stable geopolitical risks, feedstock cost support is fading. I expect continued margin pressure f..
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