I. Key Points
Overseas Benzene: FOB Korea fell by $17 to $1,142/ton; CFR China dropped by $17 to $1,159/ton. FOB Rotterdam remained stable at $1,352/ton, while FOB USG rose by 9 cents to 571 cents/gallon.
Core Logic: Expectations of improved repair progress on Saudi oil pipelines, combined with signs of easing tensions in the Middle East, led to a decline in international crude oil prices. ICE Brent November futures settled at $103.87/barrel, down $0.95 or -0.91% compared to the previous session.
| Region | Sep 18 | Sep 17 | Change Rate |
|---|---|---|---|
| FOB Korea | 1142 | 1159 | -1.47% |
| CFR China | 1159 | 1176 | -1.45% |
| East China Market | 9420 | 9500 | -0.84% |
| Shandong Market | 9385 | 9633 | -2.57% |
| Remarks: | |||
| 1. FOB Korea and CFR China benzene prices are in USD/ton; domestic benzene prices are in CNY/ton. | |||
| 2. Benzene prices represent the average closing price of mainstream markets. | |||
| 3. All RMB prices in the table above are spot exchange rates, tax-inclusive, ex-works (self-pickup). | |||
| 4. The change rate refers to the period-over-period percentage change. |
II. Market Outlook
Easing tensions in the Middle East triggered a drop in crude oil prices, causing a sharp decline in the market last Friday. Today, lacking guidance from futures and crude oil markets, the market is expected to maintain weak consolidation.
| Data Item | Release Date | Previous Period | Current Trend Forecast |
|---|---|---|---|
| Benzene Inventory at East China Ports | Monday 16:00 PM | 38,000 tons | ↘ |
| Weekly Benzene Operating Rate | Thursday 18:00 PM | 70.06% | ↗ |
| Weekly Benzene Profit | Thursday 18:00 PM | 1,746 CNY/ton | ↘ |
| 1. ↓↑ indicates significant volatility, highlighting data dimensions with changes exceeding 3%. | |||
| 2. ↗ ↘ indicates narrow-range fluctuations, highlighting data with changes within 0-3%. |
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