I. Key Points
Overseas pure benzene: FOB Korea rose by USD 28 to USD 1,261/ton; CFR China rose by USD 29 to USD 1,303/ton. FOB Rotterdam rose by USD 30 to USD 1,467/ton; FOB US Gulf Coast (USGC) rose by USD 8 cents to 545 cents/gallon.
Escalating conflicts between the Houthis and Saudi Arabia have heightened supply risks. Meanwhile, the market is assessing expectations of increased Russian supply. ICE Brent crude futures for December delivery fell by USD 0.96 to USD 105.69/bbl, a week-on-week change of -0.90%.
| Region | Oct 13 | Oct 12 | Change Rate |
|---|---|---|---|
| FOB Korea | 1261 | 1233 | 2.27% |
| CFR China | 1303 | 1274 | 2.28% |
| East China Market | 10730 | 10420 | 2.98% |
| Shandong Market | 10408 | 10351 | 0.55% |
| Notes: | |||
| 1. FOB Korea and CFR China prices for pure benzene are in USD/ton; domestic pure benzene prices are in CNY/ton. | |||
| 2. Pure benzene prices represent the closing average prices of mainstream markets. | |||
| 3. All CNY prices in the above table are spot exchange rates, tax-inclusive, ex-works prices. | |||
| 4. The change rate refers to the week-on-week percentage change. |
II. Market Outlook
Geopolitical tensions remain elevated, with concerns over supply risks continuing to build. Market participants are strengthening their expectations of tight future supply. Therefore, the market is expected to maintain high levels and firm sentiment today.
| Data Item | Release Date | Previous Period Data | Current Trend Forecast |
|---|---|---|---|
| Pure Benzene Inventory at East China Ports | Monday 16:00 PM | 50,000 tons | ↗ |
| Weekly Capacity Utilization Rate for Pure Benzene | Thursday 18:00 PM | 71.01% | ↗ |
| Weekly Profit Margin for Pure Benzene | Thursday 18:00 PM | CNY 2,495/ton | ↗ |
| 1. ↓↑ indicates significant volatility, highlighting data dimensions with changes exceeding 3%. | |||
| 2. ↗ ↘ indicates narrow fluctuations, highlighting data with changes within 0–3%. |
Comments
0