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The market is in a wait-and-see mode, with prices remaining stable for the time being.
Published on 2026-10-19
Daily Summary
① Sinopec refineries in East, South, and Central China have lowered the price of pure benzene by 200 yuan per ton to 10,600 yuan per ton, effective October 16.
Sinopec's 200 yuan cut on pure benzene signals soft downstream demand. With capacity utilization likely pressured, I expect margin compression for producers as the market waits for clearer price direction.
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