I. Key Points
International Benzene Prices: FOB Korea rose by USD 8 to USD 1,185/ton; CFR China rose by USD 12 to USD 1,220/ton. FOB Rotterdam fell by USD 53 to USD 1,359/ton; FOB US Gulf Coast (USGC) fell by 9 cents to 542 cents/gallon.
Core Logic: Mediators such as Qatar continue to push for US-Iran peace talks, and combined with the partial recovery of Saudi crude oil supply, international oil prices declined. The ICE Brent November futures contract closed at USD 102.59/barrel, down USD 2.69/barrel, a week-on-week change of -2.56%.
| Region | Sep 29 | Sep 28 | Change Rate |
|---|---|---|---|
| FOB Korea | 1185 | 1177 | 0.68% |
| CFR China | 1220 | 1208 | 0.99% |
| East China Market | 11325 | 10510 | 7.75% |
| Shandong Market | 9938 | 9911 | 0.27% |
| Notes: | |||
| 1. FOB Korea and CFR China benzene prices are in USD/ton; domestic benzene prices are in CNY/ton. | |||
| 2. Benzene prices reflect the closing average of mainstream markets. | |||
| 3. All CNY prices in the table above are spot exchange rates, tax-inclusive, ex-works prices. | |||
| 4. Change rate refers to the period-over-period percentage change. |
II. Market Outlook
Yesterday marked the last day for delivery of September forward physical cargoes. The market saw significant gains, while the price gap between Shandong and East China widened due to difficulties in timely arbitrage from Shandong sources. Today is the final trading day before the holiday and enters October pricing mode; market prices are expected to decline.
| Data Item | Release Time | Previous Period | Current Trend Forecast |
|---|---|---|---|
| East China Port Benzene Inventory | Monday 16:00 PM | 61,000 tons | ↗ |
| Weekly Benzene Capacity Utilization Rate | Thursday 18:00 PM | 71.77% | ↘ |
| Weekly Benzene Profit Margin | Thursday 18:00 PM | 1,631 CNY/ton | ↑ |
| 1. ↓↑ indicates significant fluctuation, highlighting data dimensions with changes exceeding 3%. | |||
| 2. ↗ ↘ indicates narrow fluctuation, highlighting data dimensions with changes within 0-3%. |
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