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Fundamentals remain bearish, with prices continuing to trend lower.
Published on 2026-09-23
Today's Summary
① Sinopec has lowered the ex-refinery price of pure benzene by 300 yuan per ton across its East China, South China, and Central China refineries, effective September 18. The new price stands at 9,600 yuan per ton.
Sinopec’s 300 yuan/ton benzene cut reflects weak downstream demand and high capacity utilization. With feedstock costs stable, this squeeze hits margins hard. I expect continued bearish pressure until inventory levels n..
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