I. Key Focus Areas:
Pure Benzene: Tensions between the U.S. and Iran have not escalated ahead of the U.S. midterm elections, alleviating concerns over supply risks and causing international oil prices to decline. ICE Brent crude futures for the January contract closed at $103.60/bbl, down $1.17/bbl (-1.12% WoW). Yesterday, markets in both regions experienced sharp declines; however, sales remained sluggish even after the price drop. Prices are expected to face downward pressure today.
II. Price Table
| Region | Nov 4 | Nov 3 | Change |
|---|---|---|---|
| East China | 16,750 | 16,750 | 0 |
| Shandong | 16,500 | 16,500 | 0 |
| Notes: | |||
| 1. The RMB prices listed above for East China represent ex-works, tax-inclusive prices settled via bank acceptance bills. For Shandong, they represent ex-works, cash-settled prices. | |||
| 2. The prices shown are snapshot values from the two weeks preceding this week, not weekly averages. | |||
| 3. The change value represents the Week-over-Week (WoW) fluctuation. |
III. Data Table
| Aniline Industry Supply-Demand Data | ||||
|---|---|---|---|---|
| Data Type | 2026/10/29 | 2026/10/22 | Rate of Change | Next Week Forecast |
| Capacity Utilization Rate | 81.04% | 79.79% | +1.25% | ↑ |
| Production Profit Margin | 31.45% | 30.39% | +1.06% | ↑ |
| Output | 8.28 | 8.15 | +0.13 | ↑ |
| 1. The capacity utilization rate reflects the ratio of actual production output to total capacity, serving as an indicator of production activity. | ||||
| 2. The production profit margin is industry-wide data, reflecting the overall profitability status across mainstream regions. It is calculated as the ratio of industry profit to the average price. | ||||
| 3. Output refers to the weekly production volume of the domestic aniline industry, measured in ten-thousand tons. |
IV. Market Outlook
The significant reduction in pure benzene posted prices has clearly weighed on market sentiment. However, spot aniline remains tight, with sellers maintaining strong resistance to price cuts. Nitrobenzene prices adjusted rationally downward under the influence of weak pure benzene trends, thereby easing cost pressures for some downstream customers.
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