I. Key Focus:
Pure benzene: There is no sign of easing in the US-Iran conflict, and the Houthi armed forces continue to pressure Saudi Arabia, so supply risks are only increasing. ICE Brent crude futures for November stood at USD 107.63/bbl, up USD 6.42/bbl, or +6.34% from the previous period. Yesterday, firm crude oil and major producers' price hikes continued to drive pure benzene prices higher in both regions. The risk of a rapid price increase is rising; today's market is expected to be mostly range-bound at high levels amid a wait-and-see mood.
II. Price Table
| Region | September 11 | September 10 | Change |
|---|---|---|---|
| East China | 13670 | 13270 | 400 |
| Shandong | 13500 | 13100 | 400 |
| Remarks: | |||
| 1. In the table above, the RMB price for East China is an ex-works price against acceptance bill, tax included; the RMB price for Shandong is an ex-works cash-remittance price. | |||
| 2. The prices for the two periods are point-in-time prices for the two weeks prior to this week, not weekly average prices. | |||
| 3. The change value is the period-on-period change. |
III. Data Table
Aniline Industry Supply and Demand Data Table
| Data Type | 2026/9/10 | 2026/9/3 | Change Rate | Next Week Forecast |
|---|---|---|---|---|
| Capacity Utilization Rate | 81.15% | 80.22% | 0.93% | ↑ |
| Production Profit Margin | 23.46% | 29.14% | -5.68% | ↑ |
| Output | 8.29 | 8.2 | 0.09 | ↑ |
| 1. Capacity utilization rate is the ratio of unit output to capacity for producers, an indicator reflecting production. | ||||
| 2. Production profit margin is industry-level data, reflecting the overall profitability of the industry in mainstream regions, calculated as the ratio of industry profit to the average price. | ||||
| 3. Output is the weekly production capacity of the domestic aniline industry; unit: 10,000 tonnes. |
IV. Market Outlook
Driven by the rapid strengthening of pure benzene, buying interest and confidence in the aniline market have recovered, and upstream enterprises are rationally adjusting price increases. At present, profitability in the industrial chain is concentrated in upstream pure benzene, while other products have generally moved lower.
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