I. Key Focus
Pure Benzene: On October 9, both the United States and Iran indicated that negotiations and dialogue were ongoing, easing market concerns. However, hurricanes continued to suppress U.S. crude oil production. ICE Brent December futures rose by $0.44/bbl to $104.72, a week-on-week increase of +0.42%. Last Friday, the basis for far-month contracts in East China declined, with negotiation centers shifting significantly lower. With crude prices falling this morning, the market is expected to open lower and consolidate today.
II. Price Table
| Region | Oct 12 | Oct 10 | Change |
|---|---|---|---|
| East China | 15,820 | 15,820 | 0 |
| Shandong | 15,600 | 15,600 | 0 |
| Notes: | |||
| 1. Prices in East China are ex-plant, VAT-inclusive, accepted via bank acceptance bills. Prices in Shandong are ex-plant, VAT-inclusive, settled via wire transfer. | |||
| 2. The listed prices represent spot prices from the two weeks prior to this week, not weekly averages. | |||
| 3. The change value represents the week-on-week variation. |
III. Data Table
| Aniline Industry Supply and Demand Data | ||||
|---|---|---|---|---|
| Data Type | 2026/10/8 | 2026/9/24 | Change Rate | Next Week Outlook |
| Capacity Utilization Rate | 87.68% | 84.72% | 2.96% | ↓ |
| Production Profit Margin | / | 21.63% | / | ↑ |
| Output | 8.96 | 8.66 | 0.30 | ↓ |
| 1. Capacity utilization rate reflects production levels, calculated as the ratio of actual output to total capacity. | ||||
| 2. Production profit margin is industry-wide data reflecting overall profitability in mainstream regions, calculated as industry profit divided by average price. | ||||
| 3. Output refers to the weekly domestic aniline industry production volume, measured in ten thousand tons. |
IV. Market Outlook
Following the holiday return, aniline prices rose again, driven by cost support and supply-demand dynamics. As prices reached new highs, downstream purchasing momentum weakened, and pure benzene prices retreated, causing the upward trend in aniline to pause. According to market reports, Shanxi Tianji has shut down its plant as planned, which may provide new positive guidance for the market.
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