I. Key Points
International Benzene Prices: FOB Korea rose by USD 9 to USD 979/ton; CFR China rose by USD 9 to USD 1,002/ton. FOB Rotterdam remained stable at USD 982/ton; FOB US Gulf Coast (USG) fell by 5 cents to 317 cents/gallon.
Crude Oil: The outlook for U.S.-Iran relations remains uncertain, and market concerns over supply risks persist, leading to a rise in international crude oil prices. ICE Brent futures (January contract) closed at USD 95.82/barrel, up USD 3.06, representing a week-on-week increase of +3.30%.
| Region | Nov 12 | Nov 11 | Change Rate |
|---|---|---|---|
| FOB Korea | 979 | 970 | 0.93% |
| CFR China | 1002 | 993 | 0.91% |
| East China Market | 7875 | 7940 | -0.82% |
| Shandong Market | 7691 | 7626 | 0.85% |
| 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 cash inclusive-of-tax ex-works prices. | |||
| 4. Change rate refers to the period-over-period fluctuation. |
II. Market Outlook
Yesterday's strength in crude oil prices boosted market transactions. Shipments from Shandong were robust, alleviating inventory pressure at local refineries. Consequently, today's benzene prices are expected to open higher and consolidate.
| Data Item | Release Time | Previous Period Data | Current Period Trend Forecast |
|---|---|---|---|
| Benzene Port Inventory (East China) | Monday 16:00 | 25,000 tons | ↘ |
| Weekly Benzene Capacity Utilization Rate | Thursday 18:00 | 72.68% | ↗ |
| Weekly Benzene Profit Margin | Thursday 18:00 | CNY 788/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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