I. Key Points:
Pure Benzene: Mediators continue to push for US-Iran peace talks, slightly easing market concerns about supply risks, leading to a decline in international crude oil prices. ICE Brent futures (December contract) closed at $115.81/barrel, down $0.91/barrel (-0.78% WoW). Yesterday’s drop in crude oil dragged down East China market sentiment, narrowing the Shandong-East China price spread and weakening trading activity. The market is expected to open lower today and consolidate.
II. Price Table
| Region | Oct 27 | Oct 26 | Change |
|---|---|---|---|
| East China | 16,750 | 16,750 | 0 |
| Shandong | 16,500 | 16,500 | 0 |
| Notes: | |||
| 1. East China RMB prices are ex-works, bank acceptance bill inclusive of tax; Shandong RMB prices are ex-works cash inclusive of tax. | |||
| 2. Prices represent point-in-time values from the two weeks preceding this week, not weekly averages. | |||
| 3. Change reflects week-over-week variation. |
III. Data Table
| Aniline Industry Supply-Demand Data | ||||
|---|---|---|---|---|
| Metric | 2026/10/22 | 2026/10/15 | Change Rate | Next Week Outlook |
| Capacity Utilization | 79.79% | 84.44% | -4.65% | ↑ |
| Production Profit Margin | 30.39% | 25.10% | +5.29% | ↑ |
| Output | 8.15 | 8.63 | -0.48 | ↑ |
| 1. Capacity utilization measures the ratio of actual output to installed capacity, reflecting production levels. | ||||
| 2. Production profit margin is an industry-wide metric reflecting overall profitability across major regions, calculated as industry profit divided by average price. | ||||
| 3. Output refers to domestic aniline industry weekly capacity, unit: ten thousand tons. |
IV. Market Outlook
Current market faces high supply pressure with limited tradable volumes available. Most downstream buyers are entering the market on an as-needed basis, while a few remain hesitant, waiting for further news guidance.
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