I. Key Focus Areas
Crude Oil: On the supply side, the US-Iran conflict remains unresolved, and navigation through the Strait of Hormuz is impeded, maintaining supply risks. On the demand side, the traditional peak consumption season in the United States ended in early September. Major institutions have revised down their global crude oil demand growth forecasts, indicating that demand recovery remains sluggish. Overall, uncertainty regarding the Middle East situation continues to weigh on market sentiment, suggesting potential upside for crude oil prices this week. However, it is important to note that oil prices are currently at high levels, and multiple parties are promoting peace initiatives; close attention should be paid to any potential breakthroughs.
Core Logic: Crude oil futures retain upward potential. The downstream high-boiling aromatic solvent market is primarily focused on inventory clearance, while the industrial C10 crude aromatics market is expected to remain stable for now.
II. Price List
Unit: CNY/ton
| Product | Region | Sep 10 | Sep 11 | Change Rate |
|---|---|---|---|---|
| Industrial C10 Crude Aromatics | Northeast Market | 6810-7110 | 6810-7110 | 0.0%/0.0% |
| Industrial C10 Crude Aromatics | North China Market | 7150-7200 | 7150-7200 | 0.0 %/0.0 % |
| Industrial C10 Crude Aromatics | East China Market | 7150 | 7450 | +4.2% |
| Industrial C10 Crude Aromatics | South China Market | 7800 | 7800 | 0.0% |
| Notes: 1. The East China region excludes Shandong Province. 2. Prices are ex-warehouse, cash settlement, VAT-inclusive, in CNY/ton. 3. Change rate represents the period-over-period percentage change. |
Source: Chempricehub Information
III. Market Outlook
International crude oil prices show potential for increases, boosting bullish market sentiment. Refineries maintain a strong stance on holding prices steady. However, the downstream high-boiling aromatic solvent market is primarily focused on sales volume with limited upward momentum. Consequently, the industrial C10 crude aromatics market is expected to remain stable with a wait-and-see attitude this week, featuring only sporadic adjustments.
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