Crude Oil: Communication channels regarding U.S.-Iran negotiations remain open, combined with the possibility of further Federal Reserve rate hikes, leading to a decline in international crude oil prices. NYMEX WTI crude futures (November contract) closed at $88.28/bbl, down $1.16/bbl (-1.30% WoW); ICE Brent crude futures (December contract) closed at $100.20/bbl, down $0.38/bbl (-0.38% WoW). China's INE crude oil futures were closed for the National Day holiday.
Downstream Market: Prices of downstream high-boiling aromatic solvents remained stable with some declines.
Core Logic: Crude oil futures closed lower. The downstream market for high-boiling aromatic solvents showed stability with slight downward trends. The industrial C10 mixed aromatics market is currently steady as participants adopt a wait-and-see approach.
Unit: RMB/ton
| Product | Region | Sep 30 | Oct 7 | Change Rate |
|---|---|---|---|---|
| Industrial C10 Mixed Aromatics | Northeast | 6960-7430 | 6960-7430 | 0.0%/0.0% |
| Industrial C10 Mixed Aromatics | North China | 7350-7400 | 7550-7600 | +2.7%/+2.7% |
| Industrial C10 Mixed Aromatics | East China | 7350 | 7550 | +2.7% |
| Industrial C10 Mixed Aromatics | South China | 8000 | 8000 | 0.0% |
| Notes: 1. The East China region excludes Shandong Province. 2. Prices are ex-warehouse, cash, tax-inclusive, in RMB/ton. 3. Change rate refers to week-over-week variation. |
Source: Chempricehub Information
International crude oil prices closed lower. Regarding demand, the high-boiling aromatic solvent market experienced slight declines during the National Day holiday, with limited support from downstream demand. However, logistics and transportation have returned to normal operations. Refineries maintain strong pricing intentions and are adopting a wait-and-see stance. It is expected that the industrial C10 mixed aromatics market will primarily remain steady this week, with only sporadic adjustments.
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