I. Key Focus Points
International Benzene Prices: FOB Korea rose by USD 68 to USD 1,253/ton; CFR China increased by USD 67 to USD 1,292/ton. FOB Rotterdam climbed by USD 24 to USD 1,378/ton, and FOB US Gulf Coast (USG) gained 24 cents to 537 cents/gallon.
Core Logic: Persistent instability in the Middle East, combined with hurricane-induced shutdowns of some offshore oil wells in the United States, drove ICE Brent futures for December delivery up by USD 4.08 to USD 104.28/barrel, representing a week-on-week increase of 4.07%.
| Region | Oct 8 | Sep 30 | Change Rate |
|---|---|---|---|
| FOB Korea | 1185 | 1183 | 0.17% |
| CFR China | 1220 | 1218 | 0.16% |
| East China Market | 10650 | 10355 | 2.85% |
| Shandong Market | 10406 | 10046 | 3.58% |
| Notes: | |||
| 1. FOB Korea and CFR China benzene prices are in USD/ton; domestic benzene prices are in CNY/ton. | |||
| 2. Benzene prices reflect the closing average price of mainstream markets. | |||
| 3. All RMB prices in the table above are spot exchange rates including VAT, ex-works pickup. | |||
| 4. The change rate refers to the period-over-period variation. |
II. Market Outlook
Yesterday, declining port inventories and production cuts by certain manufacturers triggered significant gains in both futures contracts and physical spot prices. Today, the market is expected to continue trading in a high-level consolidation range. Attention should be paid to adjustments in major producers' pricing.
| Data Item | Release Time | Previous Period Data | Current Period Trend Forecast |
|---|---|---|---|
| East China Port Benzene Inventory | Monday 16:00 | 53,000 tons | ↗ |
| Weekly Benzene Capacity Utilization Rate | Thursday 18:00 | 72.70% | ↗ |
| Weekly Benzene Profit Margin | Thursday 18:00 | CNY 2,495/ton | ↗ |
| 1. ↓↑ indicates significant volatility, highlighting data dimensions with changes exceeding 3%. | |||
| 2. ↗ ↘ indicates narrow-range fluctuations, highlighting data with changes within 0–3%. |
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