Houthi attacks on Saudi oil facilities, continued US-Iran military conflict, and supply risks pushed international oil prices up.
Yesterday in Shandong, non-contract benzene transactions totaled around 1,800 tons. Self-pickup prices were 8,800–8,953 yuan/ton, with an average of 8,877 yuan/ton, up 91 yuan/ton from the previous working day.
Yesterday in East China, spot benzene negotiations were conducted at 8,960–9,240, averaging 9,100, up 80 yuan from the previous working day.
Yesterday, Sinopec's East China ex-works benzene listing price remained stable and is currently set at 9,050 yuan/ton.
On September 7, the total commercial inventory at Jiangsu benzene port samples was 36,000 tons, a decrease of 9,000 tons from the previous inventory of 45,000 tons.
Unit: USD/barrel, CNY/ton, USD/ton
| Product | Region/Category | Sep 8 | Sep 7 | Change | Change % |
|---|---|---|---|---|---|
| Crude Oil | Brent | 97.92 | 97 | 0.92 | 0.95% |
| Benzene | Sinopec Ex-works Listing | 9050 | 9050 | 0 | 0.00% |
| CFR China | 1172 | 1139 | 33 | 2.90% | |
| FOB Korea | 1147 | 1114 | 33 | 2.96% | |
| Shandong | 8877 | 8786 | 91 | 1.04% | |
| East China | 9100 | 9020 | 80 | 0.89% | |
| Crude Benzene | Shandong | 7285 | 7285 | 0 | 0.00% |
| Shanxi | 7460 | 7460 | 0 | 0.00% | |
| Tangshan, Hebei | 7750 | 7750 | 0 | 0.00% | |
| Hanxing, Hebei | 7285 | 7285 | 0 | 0.00% | |
| Hydrogenated Benzene | Shandong | 8900 | 8800 | 100 | 1.14% |
| Hebei | 8525 | 8525 | 0 | 0.00% | |
| Shanxi | 8350 | 8350 | 0 | 0.00% | |
| East China | 9000 | 8900 | 100 | 1.12% | |
| Styrene | East China | 10075 | 10020 | 55 | 0.55% |
| Phenol | East China | 8450 | 8425 | 25 | 0.30% |
| Aniline | Shandong | 13200 | 13600 | -400 | -2.94% |
| Cyclohexanone | East China | 10125 | 10150 | -25 | -0.25% |
| Adipic Acid | East China | 8800 | 8800 | 0 | 0.00% |
| Caprolactam | East China | 14000 | 13650 | 350 | 2.56% |
Data source: Chempricehub Information
Yesterday, the domestic hydrogenated benzene market maintained an upward trend, supported by the surge in crude oil futures and low East China benzene port inventories. Limited spot supply underpinned stronger prices, widening the price gap between the north and south, and pushing northern hydrogenated benzene prices to continue climbing, with some local deals concluded at 9,000 yuan. Hydrogenated benzene prices are expected to hold at high levels in the short term. Market participants should watch the progress of the US-Iran situation and be alert to the risk of a pullback.
| Data | Release Date | Current Data | Next-Period Trend Forecast |
|---|---|---|---|
| East China Benzene Port Inventory | Monday 11:00 AM | 36,000 tons | ↗ |
| 1. ↓↑ indicates significant fluctuation, highlighting dimensions with a change of more than 3%. 2. ↗↘ indicates narrow fluctuation, highlighting data with a change within 0–3%. |
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