I. Key Focus Areas
Pure Benzene: Geopolitical tensions in the Middle East and between Russia and Ukraine remain unstable, though the U.S. has waived certain sanctions against Russia, leading to mixed movements in international crude oil prices. ICE Brent futures for the December contract closed at $109.55 per barrel, down $0.31 or 0.28% from the previous session. Yesterday, East China night session prices rebounded after an initial decline supported by crude oil trends. However, sales performance at Shandong local refineries remained sluggish. It is expected that East China spot prices will fluctuate with a wait-and-see attitude during today’s morning session, while Shandong prices may open lower and trend downward.
II. Price Table
| Region | Oct. 20 | Oct. 19 | Change |
|---|---|---|---|
| East China | 16,750 | 16,550 | +200 |
| Shandong | 16,500 | 16,300 | +200 |
| Notes: | |||
| 1. The RMB prices listed for East China are ex-factory, acceptance bill, tax-inclusive prices. The RMB prices for Shandong are ex-factory, cash settlement prices. | |||
| 2. The prices represent point-in-time values from the two preceding weeks, not weekly averages. | |||
| 3. The change value reflects the period-over-period variation. |
III. Data Table
| Aniline Industry Supply-Demand Data | ||||
|---|---|---|---|---|
| Metric | 2026/10/15 | 2026/10/8 | Change Rate | Next Week Forecast |
| Capacity Utilization | 84.44% | 87.68% | -3.24% | ↓ |
| Production Profit Margin | 25.10% | / | / | ↑ |
| Output | 8.63 | 8.96 | -0.33 | ↓ |
| 1. Capacity utilization refers to the ratio of actual production output to total capacity, serving as an indicator of production levels. | ||||
| 2. Production profit margin is industry-wide data reflecting the overall profitability across mainstream regions, calculated as the ratio of industry profit to average price. | ||||
| 3. Output represents the domestic aniline industry’s weekly production capacity, measured in ten thousand tons. |
IV. Market Outlook
Unplanned shutdowns at northern plants for equipment replacement have created new disruptions to spot market supply, further tightening availability and supporting continued modest gains in aniline prices. Currently, downstream demand remains largely unchanged, keeping overall market demand relatively stable.
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