I. Key Points
International Benzene: Asian benzene markets were closed. FOB Rotterdam fell by USD 84 to USD 1,024/ton; FOB USG declined by 19 cents to 335 cents/gallon.
Crude Oil: The U.S. downplayed expectations of renewed strikes on Iran, easing supply risk concerns and causing international oil prices to drop. ICE Brent futures (January contract) closed at USD 92.57/barrel, down USD 5.75 (-5.85%) from the previous session.
| Region | Nov 9 | Nov 6 | Change Rate |
|---|---|---|---|
| FOB Korea | -- | 1,035 | -- |
| CFR China | -- | 1,059 | -- |
| East China Market | 8,215 | 8,370 | -1.85% |
| Shandong Market | 8,234 | 8,285 | -0.62% |
| 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, tax-inclusive, ex-works pickup prices. | |||
| 4. Change rate refers to the period-over-period percentage change. |
II. Market Outlook
Given the strong likelihood of eased tensions between the U.S. and Iran, significant declines in crude oil prices have led to softer international benchmarks. Consequently, benzene prices are expected to open lower and trend downward today.
| Data Item | Release Date | Previous Period Data | Current Period Trend Forecast |
|---|---|---|---|
| East China Port Benzene Inventory | 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 | 788 CNY/ton | ↘ |
| 1. ↓↑ indicates significant volatility, highlighting data dimensions with changes exceeding 3%. | |||
| 2. ↗ ↘ indicate narrow fluctuations, highlighting data with changes within 0-3%. |
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