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Benzene prices fall across major regions as crude oil drops on US-Iran peace talks

Published on 2026-10-30

I. Key Focus Points

  1. Overseas Pure Benzene: FOB Korea fell by USD 38 to USD 1,192/ton; CFR China fell by USD 38 to USD 1,224/ton. FOB Rotterdam fell by USD 27 to USD 1,324/ton; FOB US Gulf Coast (USG) fell by 20 cents to 442 cents/gallon.

  2. Crude Oil: Mediators continue to push for the progress of US-Iran peace talks, leading to a decline in international crude oil prices. However, conflict risks have not been eliminated, which limited the extent of the drop. ICE Brent Futures Contract 12 settled at USD 114.88/barrel, down USD 0.44, a week-on-week change of -0.38%.

Region Oct 29 Oct 28 Change Rate
FOB Korea 1192 1230 -3.09%
CFR China 1224 1262 -3.01%
East China Market 10235 10500 -2.52%
Shandong Market 10078 10146 -0.67%
Notes:
1. FOB Korea and CFR China pure benzene prices are in USD/ton; domestic pure benzene prices are in CNY/ton.
2. Pure benzene prices reflect the closing average of mainstream markets.
3. All RMB prices in the table above are spot exchange rates, tax-inclusive, ex-works pickup prices.
4. The change rate represents the period-over-period fluctuation.

II. Market Outlook

Currently, many downstream products are operating at a loss, with declining utilization rates. Negative feedback pressures are accumulating, significantly weighing on far-month futures. Today’s market is expected to continue trading in a weak, sideways range.

Data Item Release Date Previous Period Data Current Period Trend Forecast
Pure Benzene East China Port Inventory Monday 16:00 PM 27,000 tons ↘
Pure Benzene Weekly Capacity Utilization Rate Thursday 18:00 PM 72.98% ↗
Pure Benzene Weekly Profit Thursday 18:00 PM 1,799 CNY/ton ↘
1. ↓↑ indicates significant volatility, highlighting data dimensions with fluctuations exceeding 3%.
2. ↗ ↘ indicate narrow-range volatility, highlighting data with fluctuations within 0–3%.

Comments

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  • Daniel Foster 2026-10-30 10:00
    Benzene prices slid on crude softness from US-Iran talks, squeezing margins amid low capacity utilization. Downstream demand remains weak, keeping futures in a sideways range. While inventory drops may offer slight suppo..
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