I. Key Points
Overseas Pure Benzene: FOB Korea fell by USD 12 to USD 1,208/ton; CFR China fell by USD 12 to USD 1,241/ton. FOB Rotterdam fell by USD 18 to USD 1,412/ton; FOB US Gulf Coast (USG) fell by USD 24 cents to 528 cents/gallon.
Crude Oil: Geopolitical situations in the Middle East and Russia-Ukraine remain unstable, but the U.S. has exempted certain sanctions on Russia, resulting in mixed movements in international crude oil prices. ICE Brent futures for December delivery closed at USD 109.55/barrel, down USD 0.31, a week-on-week change of -0.28%.
| Region | Oct 19 | Oct 16 | Change Rate |
|---|---|---|---|
| FOB Korea | 1208 | 1220 | 0.98% |
| CFR China | 1241 | 1253 | -0.96% |
| East China Market | 10185 | 10300 | -1.12% |
| Shandong Market | 10276 | 10300 | -0.23% |
| 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 reflect the closing average price of mainstream markets. | |||
| 3. All CNY prices in the table above are spot exchange inclusive tax self-pickup prices. | |||
| 4. The change rate refers to the period-over-period percentage change. |
II. Market Outlook
Yesterday, the East China night session rebounded after declining due to support from crude oil prices. Sales from Shandong local refineries remained sluggish. It is expected that the East China market will trade sideways with a wait-and-see attitude during today’s morning session, while the Shandong market may open lower and trend downward.
| Data Item | Release Time | Previous Period Data | Current Period Trend Forecast |
|---|---|---|---|
| East China Port Inventory of Pure Benzene | Monday 16:00 PM | 44,000 tons | ↗ |
| Weekly Capacity Utilization Rate of Pure Benzene | Thursday 18:00 PM | 70.34% | ↗ |
| Weekly Profit of Pure Benzene | Thursday 18:00 PM | 2,571 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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