I. Key Focus Points
Pure Benzene: Mediators such as Qatar continue to promote US-Iran negotiations, alleviating market concerns and leading to a decline in international crude oil prices. The January ICE Brent futures contract fell by USD 1.08/barrel to USD 91.49/barrel, representing a week-on-week decrease of -1.17%. Following consecutive declines in pure benzene prices, downstream margins have improved, and expectations for recovering demand may support price stabilization.
II. Price Table
| Region | Nov 11 | Nov 10 | Change |
|---|---|---|---|
| East China | 15,950 | 15,950 | 0 |
| Shandong | 15,700 | 15,700 | 0 |
| Notes: | |||
| 1. Prices in the above table are in RMB. East China prices represent ex-factory, tax-inclusive prices with bank acceptance bills; Shandong prices represent ex-factory, tax-inclusive prices with cash settlement. | |||
| 2. These prices reflect spot prices from the two weeks prior to this week, not weekly averages. | |||
| 3. The change value represents the week-on-week variation. |
III. Data Table
| Aniline Industry Supply-Demand Data | ||||
|---|---|---|---|---|
| Data Type | 2026/11/5 | 2026/10/29 | Change Rate | Next Week Forecast |
| Capacity Utilization Rate | 85.98% | 81.04% | +4.94% | ↑ |
| Production Profit Margin | 36.15% | 31.45% | +4.70% | ↓ |
| Output | 8.78 | 8.28 | +0.50 | ↑ |
| 1. Capacity utilization rate reflects production levels, calculated as the ratio of actual output to total capacity. | ||||
| 2. Production profit margin is industry-wide data reflecting overall profitability across major regions, calculated as the ratio of industry profit to average price. | ||||
| 3. Output refers to the weekly domestic aniline industry capacity, unit: 10,000 tons. |
IV. Market Outlook
Weighed down by weak cost support and sluggish demand, the aniline market trended downward amid a wait-and-see sentiment. However, after price drops, some demand entered the market, easing bearish sentiment and causing the decline in aniline prices to pause.
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