Key Points
International Pure Benz: FOB Korea fell by USD 20 to USD 1,230/ton; CFR China fell by USD 17 to USD 1,262/ton. FOB Rotterdam fell by USD 25 to USD 1,351/ton; FOB US Gulf Coast (USG) fell by 10 cents to 462 cents/gallon.
Crude Oil: Concerns that the U.S.-Iran conflict may escalate risks, along with continued Houthi attacks on Saudi energy facilities, drove international oil prices higher. ICE Brent futures for December delivery rose by USD 1.44 to USD 115.32/barrel, a week-on-week increase of +1.26%.
| Region | Oct 28 | Oct 27 | Change Rate |
|---|---|---|---|
| FOB Korea | 1230 | 1250 | -1.60% |
| CFR China | 1262 | 1279 | -1.33% |
| East China Market | 10500 | 10465 | 0.33% |
| Shandong Market | 10146 | 10203 | -0.56% |
| Notes: | |||
| 1. FOB Korea and CFR China pure benzene prices are in USD/ton; domestic pure benzene prices are in CNY/ton. | |||
| 2. Pure benzene prices represent 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. The change rate refers to the period-over-period variation. |
The market opened weak yesterday but rebounded in the afternoon driven by strong crude oil performance. Geopolitical news remains chaotic, and regional tensions still hold potential for escalation. Therefore, today’s market is expected to remain at high levels with a wait-and-see attitude.
| Data Item | Release Date | Previous Period Data | Current Period Trend Forecast |
|---|---|---|---|
| Pure Benzene Inventory at East China Ports | Monday 16:00 PM | 27,000 tons | ↘ |
| Weekly Pure Benzene Capacity Utilization Rate | Thursday 18:00 PM | 70.48% | ↗ |
| Weekly Pure Benzene Profit | Thursday 18:00 PM | 2,387 CNY/ton | ↘ |
| 1. ↓↑ indicates significant fluctuation, highlighting data dimensions with changes exceeding 3%. | |||
| 2. ↗ ↘ indicates narrow-range fluctuation, highlighting data with changes within 0–3%. |
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