Key Points
Overseas Benzene: FOB Korea fell by USD 37 to USD 1,089/ton; CFR China fell by USD 37 to USD 1,112/ton. FOB Rotterdam fell by USD 22 to USD 1,183/ton; FOB US Gulf Coast (USGC) fell by USD 28 to USD 357 cents/gallon.
Crude Oil: With the Democratic Party winning the U.S. midterm elections, market expectations suggest that the U.S.-Iran conflict may de-escalate, reducing concerns over supply risks and causing international crude oil prices to drop. ICE Brent futures for January delivery closed at USD 94.62/barrel, down USD 8.98/barrel, a change of -8.67%.
| Region | Nov 4 | Nov 3 | Change (%) |
|---|---|---|---|
| FOB Korea | 1089 | 1126 | -3.29% |
| CFR China | 1112 | 1149 | -3.22% |
| East China Market | 8990 | 9300 | -3.33% |
| Shandong Market | 9151 | 9451 | -3.17% |
| Notes: | |||
| 1. Units: FOB Korea and CFR China benzene are in USD/ton; domestic benzene is in CNY/ton. | |||
| 2. Prices represent the average closing price in mainstream markets. | |||
| 3. All CNY prices in the table above are spot exchange rates, tax-inclusive, ex-warehouse pickup prices. | |||
| 4. The change rate refers to the period-over-period percentage change. |
The market experienced a significant decline yesterday with moderate trading volume. However, given the sharp drop in crude oil prices and industry expectations that the Middle East conflict will continue to ease—thereby exerting sustained downward pressure on prices—the market is expected to open lower and trend downward today.
| Data Item | Release Time | Previous Value | Expected Trend for Current Period |
|---|---|---|---|
| Benzene Port Inventory (East China) | Monday 16:00 PM | 32,000 tons | ↘ |
| Weekly Benzene Capacity Utilization Rate | Thursday 18:00 PM | 72.98% | ↗ |
| Weekly Benzene Profit Margin | Thursday 18:00 PM | CNY 1,799/ton | ↘ |
| 1. ↓↑ indicates significant fluctuations, highlighting data dimensions with changes exceeding 3%. | |||
| 2. ↗ ↘ indicates narrow-range fluctuations, highlighting data with changes within 0–3%. |
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