I. Key Focus Points
International Benzene Prices: FOB Korea fell by USD 38 to USD 1,159/ton; CFR China dropped by USD 39 to USD 1,176/ton. FOB Rotterdam decreased by USD 24 to USD 1,352/ton, while FOB USG rose by 9 cents to 562 cents/gallon.
Core Logic: The U.S. has signaled that the U.S.-Iran conflict is nearing its end, with multiple parties continuing to push for a de-escalation of tensions in the Middle East. ICE Brent crude futures (November contract) settled at USD 104.82/barrel, down USD 1.01 or -0.95% day-on-day.
| Region | Sep 17 | Sep 16 | Change Rate |
|---|---|---|---|
| FOB Korea | 1159 | 1197 | -3.17% |
| CFR China | 1176 | 1215 | -3.21% |
| East China Market | 9500 | 9925 | -4.28% |
| Shandong Market | 9633 | 9656 | -0.24% |
| 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 average closing price in mainstream markets. | |||
| 3. All RMB prices in the table above are spot foreign exchange, tax-inclusive, ex-works prices. | |||
| 4. Change rate refers to the day-on-day percentage change. |
II. Market Outlook
Yesterday, weak crude oil prices and market news drove a sharp decline in East China benzene prices. Crude oil remained sluggish this morning, and the market is expected to open lower and trend downward today. Attention should be paid to price guidance from major producers.
| Data Item | Release Date | Previous Period Data | Current Period Trend Forecast |
|---|---|---|---|
| East China Port Benzene Inventory | Monday 16:00 PM | 38,000 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 volatility, highlighting data dimensions with changes exceeding 3%. | |||
| 2. ↗ ↘ indicates minor fluctuations, highlighting data with changes within 0-3%. |
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