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Morning Market Update: Pure Benzene

Published on 2026-11-06

I. Key Focus Points

  1. International Pure Benzene: FOB Korea fell by $59 to $1,030/ton; CFR China fell by $58 to $1,054/ton. FOB Rotterdam dropped by $86 to $1,097/ton; FOB USG declined by 2 cents to 355 cents/gallon.
  2. Crude Oil: The outlook for US-Iran relations remains unclear, with the possibility of renewed conflict persisting and supply risks intensifying, leading to a rise in international crude oil prices. ICE Brent futures (January contract) rose by $3.67/bbl to $98.29, an increase of +3.88% compared to the previous period.
Region Nov 5 Nov 4 Change Rate
FOB Korea 1030 1089 -5.42%
CFR China 1054 1112 -5.22%
East China Market 8450 8990 -6.01%
Shandong Market 8476 9151 -7.38%
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 represent the average closing price of mainstream markets.
3. All RMB prices in the table above are spot exchange rates, tax-inclusive, ex-works pickup prices.
4. The change rate refers to the period-over-period variation.

II. Market Outlook

Yesterday, both the spot and futures markets experienced significant declines with sluggish trading activity. However, the substantial overnight rise in crude oil prices provided psychological support to market sentiment. Today, the market is expected to halt its decline and adopt a wait-and-see approach.

Data Item Release Time Previous Period Data Current Period Trend Forecast
Pure Benzene Port Inventory (East China) Monday 16:00 PM 32,000 tons ↘
Weekly Pure Benzene Capacity Utilization Rate Thursday 18:00 PM 72.68% ↗
Weekly Pure Benzene Profit Margin Thursday 18:00 PM 788 CNY/ton ↘
1. ↓↑ indicates significant volatility, highlighting data dimensions with changes exceeding 3%.
2. ↗ ↘ indicates minor fluctuations, highlighting data with changes within 0–3%.

Comments

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  • Daniel Foster 2026-11-06 10:00
    Weak downstream demand crushed pure benzene margins, though rising crude feedstock costs offer some floor. With capacity utilization likely pressured by these soft fundamentals, I expect prices to stabilize as traders wa..
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