Key Focus Points
ICE Brent crude oil futures (November contract) closed at $108.75/bbl, up $3.07/bbl (+2.90% day-over-day).
Gasoline production-sales ratio for independent refineries in Shandong was 65%, down 53 percentage points from the previous day; supply and demand were not balanced.
Trading activity in the aromatics product market remained moderate, with sellers offering discounts to facilitate shipments.
Core Logic: Rising international crude oil prices provided primary support. Downstream customers purchased on an as-needed basis, resulting in generally active trading within the market.
| Product | Region | Sep 14 | Sep 15 | Change |
|---|---|---|---|---|
| Aromatics Products | Shandong | 8,457–8,623 | 8,450–8,623 | -7 / 0 |
| Aromatics Products | East China | 7,100–8,720 | 7,100–8,620 | 0 / -100 |
| Notes: 1. Mixed aromatics refer to products from domestic reforming units. 2. All RMB prices listed above are ex-factory, cash-with-tax prices. 3. The two price periods represent spot prices from the past two working weeks prior to this week, not weekly averages. 4. The change rate reflects the day-over-day variation. |
International crude oil futures continued to rise at close, boosting market sentiment for domestic aromatics products. Yesterday’s gasoline production-sales balance was disrupted, but factory shipments improved. Crude oil traded weakly during the morning session. Today, aromatics products are expected to remain largely stable with minor fluctuations.
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