I. Key Points
International Pure Benzene: FOB Korea rose by USD 18 to USD 1,229/ton; CFR China rose by USD 18 to USD 1,258/ton. FOB Rotterdam fell by USD 2 to USD 1,404/ton; FOB USG rose by 3 cents to 481 cents/gallon.
Crude Oil: International crude oil prices rose due to market concerns that the US-Iran conflict may escalate, compounded by supply risks from Houthi attacks on Saudi Arabia. ICE Brent futures (December contract) closed at USD 113.17/barrel, up USD 4.35/barrel, a month-on-month increase of +4.00%.
| Region | Oct 22 | Oct 21 | Change Rate |
|---|---|---|---|
| FOB Korea | 1229 | 1211 | 1.49% |
| CFR China | 1258 | 1240 | 1.45% |
| East China Market | 10420 | 10355 | 0.63% |
| Shandong Market | 10321 | 10273 | 0.47% |
| Remarks: | |||
| 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 represent the closing average of mainstream markets. | |||
| 3. All RMB prices in the table above are spot exchange inclusive tax self-pickup prices. | |||
| 4. The change rate is the month-on-month percentage change. |
II. Market Outlook
Overnight crude oil prices remained firm, with geopolitical uncertainties persisting, providing adequate cost-side support. In the East China market, spot trading focus shifted slightly upward yesterday. Port inventories continued to remain low, maintaining a tight spot circulation pattern, with holders reluctant to sell at low prices. Pure benzene prices are expected to rise steadily today.
| Data Item | Release Date | Previous Period Data | Current Period Trend Forecast |
|---|---|---|---|
| East China Port Inventory of Pure Benzene | Monday 16:00 PM | 44,000 tons | ↗ |
| Weekly Capacity Utilization of Pure Benzene | Thursday 18:00 PM | 70.34% | ↗ |
| Weekly Profit of Pure Benzene | Thursday 18:00 PM | 2,571 CNY/ton | ↘ |
| 1. ↓↑ indicates significant volatility, highlighting data dimensions with fluctuations exceeding 3% | |||
| 2. ↗ ↘ indicate narrow-range fluctuations, highlighting data with changes within 0-3% |
Comments
0