I. Key Observations
Core Logic: Crude oil futures edged lower. Downstream sectors maintained essential replenishment purchases, keeping plant quotations stable to slightly firm.
II. Price Table
| Product | Region | Oct 23 | Oct 26 | Change (%) |
|---|---|---|---|---|
| Industrial Aromatic Solvent | East China | 6850-6950 | 7050-7150 | +200/+200 |
| Industrial Aromatic Solvent | South China | 8200-8400 | 8200-8400 | 0/0 |
| Industrial Aromatic Solvent | Northeast China | 7730-7950 | 7850-8050 | +120/+100 |
| Industrial Aromatic Solvent | North China | 7730-7950 | 7850-8050 | +120/+100 |
| Remarks: | ||||
| 1. Produced via hydrogenation and cutting units using cracked C9 feedstock. | ||||
| 2. All RMB prices listed above are ex-factory, cash, tax-inclusive. | ||||
| 3. The two price periods represent point prices from the two preceding working weeks, not weekly averages. | ||||
| 4. "Change (%)" refers to the day-over-day rate of change. |
III. Market Outlook
International crude oil futures closed slightly lower, offering limited support to domestic industrial aromatic solvents. Yesterday’s gasoline production-sales balance was disrupted as downstream customers purchased based on immediate needs. Negotiations face significant resistance to further upward movement. The market is expected to trade steadily but weakly today.
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