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Home > News > Morning Market Update on Pure Benzene

Morning Market Update on Pure Benzene

Published on 2026-09-24

I. Key Points

  1. International Benzene Prices: FOB Korea fell by USD 19 to USD 1,138/ton; CFR China dropped by USD 17 to USD 1,159/ton. FOB Rotterdam declined by USD 14 to USD 1,317/ton, while FOB USG remained stable at 568 cents/gallon.

  2. Core Logic: Iran stated that it is not in a hurry to initiate negotiations until relevant conditions are met, and the Strait of Hormuz remains closed for now, leading to a rise in international crude oil prices. ICE Brent futures (November contract) rose by USD 3.83 to USD 103.08/barrel, an increase of +3.86% compared to the previous period.

Region Sep 23 Sep 22 Change Rate
FOB Korea 1138 1157 -1.64%
CFR China 1159 1176 -1.45%
East China Market 9940 9850 0.91%
Shandong Market 9751 9811 -0.61%
Remarks:
1. FOB Korea and CFR China benzene prices are in USD/ton; domestic benzene prices are in CNY/ton.
2. Benzene prices represent the average closing price of mainstream markets.
3. All RMB prices in the table above are spot exchange rates, tax-inclusive, ex-works prices.
4. The change rate refers to the period-over-period variation.

II. Market Outlook

International crude oil prices rebounded again. However, shipments from Shandong cooled down yesterday, so the market is expected to open lower today with a wait-and-see attitude.

Data Item Release Date Previous Period Data Current Period Trend Forecast
East China Port Benzene Inventory Monday 16:00 PM 44,000 tons ↘
Weekly Benzene Capacity Utilization Rate Thursday 18:00 PM 70.06% ↗
Weekly Benzene Profit Thursday 18:00 PM 1,746 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%.

Comments

0
  • Hannah Berg 2026-09-24 20:05
    Benzene prices are diverging from crude oil due to weak downstream demand, despite Strait of Hormuz tensions. This decoupling squeezes refining margins and highlights oversupply risks. I’m watching capacity utilization ..
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