I. Key Points:
Pure Benzene: Continued efforts by multiple parties to advance U.S.-Iran peace talks have eased market concerns regarding supply risks, leading to a decline in international crude oil prices. The ICE Brent front-month contract closed at $104.77/bbl, down $8.66/bbl (-7.63% WoW). Yesterday’s sharp drop in crude oil prices weighed on both domestic and overseas markets, prompting major refiners to lower their prices accordingly. In the East China and Shandong markets, prices fell yesterday amid weak trading activity. Pure benzene is expected to open lower and continue its downward trend today.
II. Price List
| Region | Nov 3 | Nov 2 | Change |
|---|---|---|---|
| East China | 16,750 | 16,750 | 0 |
| Shandong | 16,500 | 16,500 | 0 |
| Notes: | |||
| 1. Prices for East China are RMB ex-factory acceptance tax-inclusive; prices for Shandong are RMB ex-factory cash. | |||
| 2. The listed prices represent spot prices from the two weeks prior to this week, not weekly averages. | |||
| 3. The change value represents the week-over-week fluctuation. |
III. Data Table
| Aniline Industry Supply and Demand Data | ||||
|---|---|---|---|---|
| Data Type | Oct 29, 2026 | Oct 22, 2026 | Change Rate | Next Week Outlook |
| Capacity Utilization | 81.04% | 79.79% | +1.25% | ↑ |
| Production Profit Margin | 31.45% | 30.39% | +1.06% | ↑ |
| Output | 8.28 | 8.15 | +0.13 | ↑ |
| 1. Capacity utilization reflects production levels, calculated as the ratio of actual output to installed capacity. | ||||
| 2. Production profit margin is an industry-wide metric reflecting overall profitability in mainstream regions, calculated as industry profit divided by average price. | ||||
| 3. Output refers to the weekly domestic aniline industry capacity, measured in ten thousand tons. |
IV. Market Outlook
Raw material pure benzene is under pressure and trending downward, with major suppliers’ posted prices and market rates falling simultaneously, which negatively impacts aniline costs. However, spot supply in the aniline market remains tight, providing strong support for high aniline prices. Some plants show limited willingness to hold inventory, leaving room for negotiation on actual transactions.
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