I. Key Points:
Pure Benzene: The U.S. has hinted that the U.S.-Iran conflict is nearing its end, with multiple parties continuing to push for de-escalation in the Middle East. ICE Brent crude futures (November contract) fell by USD 1.01/barrel to USD 104.82, a week-over-week change of -0.95%. Yesterday, weak crude oil prices and market news triggered a sharp decline in pure benzene prices in East China. Crude oil remains sluggish this morning; the market is expected to open lower and trend downward today. Pay close attention to price guidance from major producers.
II. Price Table
| Region | Sep 18 | Sep 17 | Change |
|---|---|---|---|
| East China | 13,770 | 13,770 | 0 |
| Shandong | 13,600 | 13,600 | 0 |
| Notes: | |||
| 1. Prices in East China are ex-factory acceptance-inclusive tax prices in RMB; prices in Shandong are ex-factory cash payment prices in RMB. | |||
| 2. The listed prices represent spot values from the two weeks preceding this report, not weekly averages. | |||
| 3. The change value represents the period-over-period fluctuation. |
III. Data Table
| Aniline Industry Supply-Demand Data | ||||
|---|---|---|---|---|
| Metric | 2026/9/17 | 2026/9/10 | Change Rate | Next Week Forecast |
| Capacity Utilization | 84.48% | 81.15% | +3.33% | ↑ |
| Production Profit Margin | 20.94% | 23.46% | -2.52% | ↑ |
| Output | 8.63 | 8.29 | +0.34 | ↑ |
| 1. Capacity utilization reflects production levels, calculated as the ratio of actual output to total capacity. | ||||
| 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 the domestic aniline industry's weekly production volume, unit: 10,000 tons. |
IV. Market Outlook
Recently, pure benzene prices have been consolidating. Supported by favorable supply-demand fundamentals for aniline itself, the aniline market has maintained consolidation at high levels. With the upcoming holiday approaching, downstream inventory buildup demand has begun entering the market, leading to positive market sentiment. It is anticipated that aniline prices may stabilize and rise slightly in the next period.
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