I. Key Focus Points
International Benzene Prices: FOB Korea held steady at $1,177/ton; CFR China rose by $10 to $1,208/ton. FOB Rotterdam increased by $13 to $1,412/ton, while FOB US Gulf Coast (USG) fell by 15 cents to 551 cents/gallon.
Core Logic: The stalemate in U.S.-Iran relations persists, sustaining market concerns over supply risks and driving up international crude oil prices. ICE Brent November futures settled at $105.28/barrel, an increase of $0.96/barrel (+0.92% WoW).
| Region | Sep 28 | Sep 25 | Change Rate |
|---|---|---|---|
| FOB Korea | 1177 | 1177 | 0.00% |
| CFR China | 1208 | 1198 | 0.83% |
| East China Market | 10510 | -- | -- |
| Shandong Market | 9911 | -- | -- |
| Notes: | |||
| 1. FOB Korea and CFR China benzene prices are in USD/ton; domestic benzene prices are in CNY/ton. | |||
| 2. Benzene prices reflect the closing average of mainstream markets. | |||
| 3. All RMB prices in the table above are spot exchange rates, tax-inclusive, ex-works pickup prices. | |||
| 4. Change rate refers to week-over-week variation. |
II. Market Outlook
Spot circulation in the East China market remains tight, with active restocking driven by rigid demand towards month-end, leading to significant price increases. The Shandong market followed suit, with non-contract transaction averages from local refineries also rising notably. However, downstream resistance to high raw material costs is intensifying, causing buyers to be more cautious about chasing higher prices, which may limit further upside potential. Spot prices are expected to maintain a strong trend at elevated levels today.
| Data Item | Release Time | Previous Period Data | Current Trend Forecast |
|---|---|---|---|
| East China Port Benzene Inventory | Monday 16:00 PM | 44,000 tons | ↘ |
| Weekly Benzene Capacity Utilization | Thursday 18:00 PM | 71.77% | ↗ |
| Weekly Benzene Profit | Thursday 18:00 PM | 1,631 CNY/ton | ↘ |
| 1. ↓↑ indicates significant fluctuation, highlighting data dimensions with changes exceeding 3%. | |||
| 2. ↗ ↘ indicates minor fluctuations, highlighting data with changes within 0-3%. |
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