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① Sinopec has lowered the ex-refinery price of pure benzene by 300 yuan/ton at its East China, South China, and Central China refineries, setting the new price at 10,300 yuan/ton effective October 29.
Sinopec’s 300 yuan/ton cut to pure benzene signals weak downstream demand. With feedstock costs remaining elevated, this move likely squeezes refiner margins and indicates capacity utilization pressures in the aromatics..
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