Spot prices for pure benzene in East China declined.

1. Daily Summary

   Sinopec East China Sales Company's pure benzene price is executed at 10,600 yuan/ton.

   In Shandong, non-long-term contract transaction volume was approximately 900 tons based on incomplete statistics.

2. Spot Market Overview

   Table 1: Domestic Pure Benzene Price Summary (Unit: Yuan/Ton)

Notes:

1. The prices listed above are mainstream negotiation references.
2. These are spot cash ex-works prices in Yuan/Ton.
3. Price changes are compared to the previous trading day's closing price.

Today, spot prices in the East China market declined, with negotiation ranges settling between 10,250–10,350 Yuan/Ton, largely consistent with morning guidance. Market sentiment has clearly turned bearish. Although the recovery of pure benzene supply remains slower than expected and port inventories in East China continue to decrease week-on-week—maintaining a tight spot liquidity pattern—expectations for demand reduction have begun to outweigh those for supply reduction. Downstream negative feedback pressure is emerging, with insufficient confidence in the sustainability of high prices. Far-month futures contracts experienced significantly larger declines than near-month contracts.

3. Production Dynamics

4. Price Forecast

Today, declining crude oil prices drove continued softening in East China pure benzene markets. Shandong local refineries face limited inventory pressure, resulting only in narrow downward adjustments. Apart from a few manufacturers with decent shipments, most transactions were sporadic bottom-price deals. Short-term market prices are expected to decline.

5. Related Products

On October 16, the domestic styrene market declined. Mainstream spot transaction prices in Jiangsu closed at 10,900–11,020 Yuan/Ton, averaging 435 Yuan/Ton lower than the previous day. Falling crude oil and pure benzene prices weakened cost-side support. Styrene holders actively sought to sell, but downstream buyers remained cautious, resulting in only minor spot transactions.