I. Key Points
Overseas Pure Benzene: FOB Korea fell by USD 24 to USD 1,220/ton; CFR China dropped by USD 32 to USD 1,253/ton. FOB Rotterdam declined by USD 46 to USD 1,430/ton; FOB US Gulf Coast (USGC) decreased by 6 cents to 552 cents/gallon.
Crude Oil: Ongoing conflicts between Houthi forces and Saudi Arabia, combined with the Russia-Ukraine conflict, continue to elevate supply risks, driving international crude oil prices higher. ICE Brent futures for December delivery rose by USD 3.94 to USD 109.86/barrel, representing a week-on-week increase of +3.72%.
| Region | Oct 16 | Oct 15 | Change Rate |
|---|---|---|---|
| FOB Korea | 1220 | 1244 | -1.93% |
| CFR China | 1253 | 1285 | -2.49% |
| East China Market | 10300 | 10415 | -1.10% |
| Shandong Market | 10300 | 10503 | -1.93% |
| Notes: | |||
| 1. FOB Korea and CFR China pure benzene prices are in USD/ton; domestic pure benzene prices are in CNY/ton. | |||
| 2. Pure benzene prices reflect the closing average of mainstream markets. | |||
| 3. All RMB prices in the table above are spot cash-inclusive ex-works prices. | |||
| 4. The change rate refers to the period-over-period percentage change. |
II. Market Outlook
Trading volume weakened last Friday, leading to price declines. However, firm crude oil prices over the weekend provided some support to spot prices. This week, the market is expected to exhibit a fluctuating downward trend.
| Data Item | Release Date | Previous Period Data | Current Period Trend Forecast |
|---|---|---|---|
| Pure Benzene East China Port Inventory | Monday 16:00 PM | 50,000 tons | ↗ |
| Weekly Pure Benzene Capacity Utilization Rate | Thursday 18:00 PM | 70.34% | ↗ |
| Weekly Pure Benzene Profit Margin | Thursday 18:00 PM | 2,571 CNY/ton | ↘ |
| 1. ↓↑ indicates significant volatility, highlighting data dimensions with changes exceeding 3%. | |||
| 2. ↗ ↘ indicate narrow fluctuations, highlighting data with changes within 0–3%. |
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