I. Key Focus Points
Overseas Benzene: FOB Korea fell by USD 17 to USD 1,142/ton; CFR China dropped by USD 17 to USD 1,159/ton. FOB Rotterdam remained stable at USD 1,352/ton, while FOB US Gulf Coast (USGC) rose by 9 cents to 571 cents/gallon.
Core Logic: International crude oil prices declined due to improved expectations regarding the repair of Saudi oil pipelines and signs of easing tensions in the Middle East. ICE Brent futures (November contract) closed at USD 103.87/barrel, down USD 0.95/barrel (-0.91% WoW).
| Region | Sep 20 | Sep 18 | Change (%) |
|---|---|---|---|
| FOB Korea | -- | 1142 | -- |
| CFR China | -- | 1159 | -- |
| East China Market | 9560 | 9420 | 1.49% |
| Shandong Market | 9643 | 9385 | 2.75% |
| Notes: | |||
| 1. FOB Korea & 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 exchange rates, tax-inclusive, ex-works prices. | |||
| 4. The change rate represents the week-over-week variation. |
II. Market Outlook
Yesterday, the market once again traded based on Middle East geopolitical developments. Both the East China and Shandong markets opened higher and gained ground. Today, the market is expected to maintain a pattern of high-level consolidation.
| Data Item | Release Time | Previous Period | Trend Forecast for Current Period |
|---|---|---|---|
| Benzene Port Inventory (East China) | 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 narrow-range fluctuations, highlighting data with changes within 0–3%. |
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