I. Key Focus Areas:
Pure Benzene: Intensified conflicts between Houthi forces and Saudi Arabia have heightened supply risks, while the market is assessing expectations of increased Russian supply. ICE Brent crude futures for the December contract closed at $105.69 per barrel, down $0.96 (-0.90%) from the previous period. Geopolitical tensions remain elevated, and concerns over supply risks continue to permeate the market. Market participants’ expectations of a tight future supply situation have strengthened, suggesting that today’s market will likely maintain its high-level stability.
II. Price Table
| Region | Oct 14 | Oct 13 | Change |
|---|---|---|---|
| East China | 16,050 | 16,050 | 0 |
| Shandong | 15,800 | 15,800 | 0 |
| Notes: | |||
| 1. Prices in RMB for East China represent ex-factory acceptance-based tax-inclusive prices; prices for Shandong represent ex-factory cash prices. | |||
| 2. The two periods refer to spot prices from the two weeks prior to this week, not weekly average prices. | |||
| 3. The change value represents the period-over-period variation. |
III. Data Table
| Aniline Industry Supply-Demand Data | ||||
|---|---|---|---|---|
| Data Type | 2026/10/8 | 2026/9/24 | Change Rate | Next Week Expectation |
| Capacity Utilization Rate | 87.68% | 84.72% | +2.96% | ↓ |
| Production Profit Margin | / | 21.63% | / | ↑ |
| Output | 8.96 | 8.66 | +0.30 | ↓ |
| 1. The capacity utilization rate reflects the ratio of actual production output to installed capacity, serving as an indicator of production levels. | ||||
| 2. The production profit margin is industry-wide data, reflecting the overall profitability across major regions, calculated as the ratio of industry profit to the average price. | ||||
| 3. Output refers to the weekly domestic aniline industry capacity, measured in ten-thousand tons (10kt). |
IV. Market Outlook
Tight spot market supply and sustained high operating costs provide clear supportive factors for aniline. However, considering the mediocre performance of downstream and end-user markets, aniline has paused its upward trend and is currently consolidating at high levels.
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