I. Key Points:
Pure Benzene: Yesterday, the market saw a tug-of-war between support from low inventories and softening costs, maintaining a volatile but slightly bullish trend throughout the day. Expectations of US-Iran diplomatic talks intensified, putting downward pressure on international crude oil prices; however, geopolitical risks have not fully dissipated. Domestic pure benzene operating rates increased week-on-week, with some refineries implementing defensive load reductions. Low inventory levels in East China strengthened spot basis, boosting the Northern market. Pure benzene is expected to open today with a firm consolidation trend.
II. Price Table
| Region | Sep 22 | Sep 21 | Change |
|---|---|---|---|
| East China | 14,220 | 14,020 | +200 |
| Shandong | 14,000 | 13,800 | +200 |
| Notes: | |||
| 1. The RMB prices for East China are ex-factory acceptance-inclusive tax prices; for Shandong, they are ex-factory cash prices. | |||
| 2. The prices represent point-in-time values for the two weeks preceding this week, not weekly averages. | |||
| 3. The change value reflects the period-over-period fluctuation. |
III. Data Table
| Aniline Industry Supply and Demand Data | ||||
|---|---|---|---|---|
| Data Type | 2026/9/17 | 2026/9/10 | Change Rate | Next Week Forecast |
| Capacity Utilization Rate | 84.48% | 81.15% | +3.33% | ↑ |
| Production Profit Margin | 20.94% | 23.46% | -2.52% | ↑ |
| Output | 8.63 | 8.29 | +0.34 | ↑ |
| 1. The capacity utilization rate indicates production intensity, calculated as the ratio of actual output to total capacity. | ||||
| 2. The 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 weekly domestic aniline industry production volume, unit: 10,000 tons. |
IV. Market Outlook
Scheduled maintenance of large-scale units at month-end, combined with anticipated losses from partial unit maintenance in October, continues to tighten spot supply. A bullish sentiment prevails in the market, leading to slight price increases in the aniline sector.
Comments
0