Pure Benzene: Multiple parties continue to push for a de-escalation of tensions in the Middle East, alleviating concerns over supply risks and leading to a decline in international crude oil prices. The ICE Brent December futures contract fell by USD 1.93/bbl to USD 113.88/bbl. Yesterday’s weakening crude oil market significantly dampened sentiment in the East China market. Shandong producers maintained floor-price selling; however, given that crude oil prices remained firm during the morning session, early trading today is expected to open lower with a wait-and-see attitude.
| Region | Oct 28 | Oct 27 | Change |
|---|---|---|---|
| East China | 16,750 | 16,750 | 0 |
| Shandong | 16,500 | 16,500 | 0 |
| Notes: | |||
| 1. Prices listed for East China are RMB ex-factory acceptance-based tax-inclusive prices; prices for Shandong are RMB ex-factory cash-based prices. | |||
| 2. The prices shown represent spot prices from the two preceding weeks prior to this week, not weekly averages. | |||
| 3. The change value represents the period-over-period fluctuation. |
| Aniline Industry Supply and Demand Data | ||||
|---|---|---|---|---|
| Data Type | 2026/10/22 | 2026/10/15 | Change Rate | Next Week Outlook |
| Capacity Utilization Rate | 79.79% | 84.44% | -4.65% | ↑ |
| Production Profit Margin | 30.39% | 25.10% | 5.29% | ↑ |
| Output | 8.15 | 8.63 | -0.48 | ↑ |
| 1. Capacity utilization rate reflects production levels, calculated as the ratio of actual output from production units to total capacity. | ||||
| 2. Production profit margin is industry-wide data reflecting overall profitability across major regions, calculated as industry profit divided by average price. | ||||
| 3. Output refers to the weekly domestic aniline industry capacity, unit: 10,000 tons. |
Currently, the tug-of-war between supply and demand in the market has intensified. Available circulating inventory remains tight, while downstream buyers largely maintain rigid-demand purchasing. A small number of clients remain in a stalemate, adopting a wait-and-see approach. Attention should be paid to the latest progress regarding the return of facilities that underwent prior maintenance shutdowns.
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