I. Key Points
International Benzene Prices: FOB Korea fell by USD 6 to USD 1,247/ton; CFR China declined by USD 4 to USD 1,288/ton. FOB Rotterdam rose by USD 40 to USD 1,418/ton; FOB US Gulf Coast (USGC) remained stable at 537 cents/gallon.
Core Logic: The U.S. and Iran indicated that negotiations and dialogue are ongoing, easing market concerns. However, the impact of hurricanes on U.S. crude oil production continued to restrain supply. ICE Brent futures for the December contract settled at USD 104.72/barrel, up USD 0.44/barrel, a week-on-week increase of +0.42%.
| Region | Oct 9 | Oct 8 | Change Rate |
|---|---|---|---|
| FOB Korea | 1247 | 1253 | -0.48% |
| CFR China | 1288 | 1292 | -0.31% |
| East China Market | 10700 | 10650 | 0.47% |
| Shandong Market | 10551 | 10406 | 1.39% |
| 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 average closing price in mainstream markets. | |||
| 3. All RMB prices in the table above are spot exchange rates including tax, ex-works (self-pickup). | |||
| 4. The change rate refers to the period-over-period percentage change. |
II. Market Outlook
Major producers raised prices yesterday, but transactions at high prices in Shandong were difficult, causing market sentiment to cool slightly. Today’s prices are expected to consolidate amid a wait-and-see attitude.
| Data Item | Release Time | Previous Period Data | Current Trend Forecast |
|---|---|---|---|
| East China Port Benzene Inventory | Monday 16:00 PM | 53,000 tons | ↗ |
| Weekly Benzene Capacity Utilization Rate | Thursday 18:00 PM | 71.01% | ↗ |
| Weekly Benzene Profit Margin | Thursday 18:00 PM | 2,495 CNY/ton | ↗ |
| 1. ↓↑ indicates significant fluctuations, highlighting data dimensions with changes exceeding 3%. | |||
| 2. ↗ ↘ indicates narrow-range fluctuations, highlighting data with changes within 0–3%. |
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