I. Key Focus Areas:
Pure Benzene: With the Democratic Party winning the US midterm elections, market expectations suggest a de-escalation of the US-Iran conflict, reducing concerns over supply risks and leading to a drop in international crude oil prices. ICE Brent crude futures (January contract) fell by $8.98 per barrel to $94.62, representing a week-on-week decline of 8.67%. Yesterday, the market experienced significant declines with moderate trading volume. Given the sharp drop in crude oil and expectations that easing Middle East tensions will continue to pressure prices, the market is predicted to open lower and trend downward today.
II. Price List
| Region | Nov 5 | Nov 4 | Change |
|---|---|---|---|
| East China | 16,750 | 16,750 | 0 |
| Shandong | 16,500 | 16,500 | 0 |
| Remarks: | |||
| 1. Prices for East China are RMB ex-factory, tax-inclusive, settled via bank acceptance bill; prices for Shandong are RMB ex-factory, cash settlement. | |||
| 2. The listed prices represent spot prices from the two weeks preceding this report, not weekly averages. | |||
| 3. The change value reflects the period-over-period variation. |
III. Data Overview
| Aniline Industry Supply and Demand Data | ||||
|---|---|---|---|---|
| Data Type | 2026/10/29 | 2026/10/22 | Rate of Change | Next Week Forecast |
| Capacity Utilization Rate | 81.04% | 79.79% | +1.25% | ↑ |
| Production Profit Margin | 31.45% | 30.39% | +1.06% | ↑ |
| Output | 8.28 | 8.15 | +0.13 | ↑ |
| 1. Capacity utilization rate indicates the ratio of actual production output to total capacity, reflecting production levels. | ||||
| 2. Production profit margin is an industry-wide metric reflecting overall profitability in major 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
Significant declines in crude oil and pure benzene have dampened market confidence, intensifying wait-and-see sentiment among downstream buyers. However, current market supply remains tight, allowing aniline prices to maintain their upward trajectory.
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