USD-based reference price for imported European aromatics

Note: Calculations are based on the daily closing price of Brent crude oil, using a fixed cost estimation formula (derived from standard USD contract settlement formulas), and incorporating changes in daily premiums/discounts.

The benchmark prices in the table reference imported European mixed aromatics. For USD benchmark prices from Asia, Korea, and other regions, adjustments must be made according to product density. Contract negotiations listed in the table are settled in USD; the RMB benchmark price is a reference value converted at the daily exchange rate. These prices serve only as references for USD contract settlements and do not reflect spot market transactions. When calculating contract prices for goods involving letter-of-credit intermediation, fees charged by the LC intermediary must be considered separately.