I. Key Focus Points
International Benzene: FOB Korea at USD 937/ton, CFR China at USD 961/ton. FOB Rotterdam fell by USD 55 to USD 969/ton; FOB US Gulf Coast (USG) dropped by 19 cents to 316 cents/gallon.
Crude Oil: Mediators including Qatar continue to push for US-Iran negotiations, easing market concerns and leading to a decline in international crude oil prices. ICE Brent Futures January contract closed at USD 91.49/barrel, down USD 1.08 or -1.17% week-on-week.
| Region | Nov 10 | Nov 9 | Change Rate |
|---|---|---|---|
| FOB Korea | 937 | -- | -- |
| CFR China | 961 | -- | -- |
| East China Market | 7,860 | 8,215 | -4.32% |
| Shandong Market | 7,732 | 8,234 | -5.56% |
| 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 of mainstream markets. | |||
| 3. All RMB prices in the table above are spot cash-inclusive ex-works prices. | |||
| 4. The change rate represents the week-on-week percentage change. |
II. Market Outlook
After consecutive declines in benzene prices, downstream margins have improved. Expectations of recovering demand may support benzene prices in stabilizing and consolidating.
| Data Item | Release Time | Previous Period Data | Current Period Trend Forecast |
|---|---|---|---|
| Benzene Inventory at East China Ports | Monday 16:00 PM | 25,000 tons | ↘ |
| Weekly Benzene Capacity Utilization Rate | Thursday 18:00 PM | 72.68% | ↗ |
| Weekly Benzene Profit Margin | Thursday 18:00 PM | CNY 788/ton | ↘ |
| 1. ↓↑ indicates significant volatility, highlighting data dimensions with changes exceeding 3%. | |||
| 2. ↗ ↘ indicates minor fluctuations, highlighting data with changes within 0–3%. |
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