1. International Benzene Prices:
On October 9, FOB Korea prices fell by $6 to $1,247/ton, while CFR China prices dropped by $4 to $1,288/ton. Conversely, FOB Rotterdam prices rose by $40 to $1,418/ton, and FOB US Gulf Coast (USGC) prices remained stable at 537 cents/gallon.
2. Core Logic:
On October 9, both the U.S. and Iran indicated that negotiations were ongoing, which helped ease market concerns. However, hurricanes continued to suppress U.S. crude oil production. ICE Brent futures for December delivery closed at $104.72/barrel, up $0.44/barrel (+0.42% WoW).
| Region | Oct 10 | Oct 9 | Change Rate |
|---|---|---|---|
| FOB Korea | -- | 1247 | -- |
| CFR China | -- | 1288 | -- |
| East China Market | 10700 | 10700 | 0.00% |
| Shandong Market | 10478 | 10551 | -0.69% |
| 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 of mainstream markets. | |||
| 3. All CNY prices in the table above are spot exchange rates, tax-inclusive, ex-warehouse pickup prices. | |||
| 4. Change rate refers to week-over-week variation. |
Last Friday, the basis for far-month contracts in the East China region declined, with negotiation centers shifting noticeably lower. With crude oil prices falling this morning, the market is expected to open lower and consolidate today.
| Data Item | Release Time | Previous Value | Expected Trend |
|---|---|---|---|
| East China Port Benzene Inventory | Monday 16:00 | 53,000 tons | ↗ |
| Weekly Benzene Capacity Utilization | Thursday 18:00 | 71.01% | ↗ |
| Weekly Benzene Profit | Thursday 18:00 | 2,495 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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