Morning Market Update for Aromatics-Related Products (September 20, 2026)

I. Key Points

1. The November ICE Brent crude futures contract closed at USD 103.87/bbl, down USD 0.95/bbl, a day-on-day change of -0.91%.
2. The production-sales ratio for gasoline from Shandong local refineries stood at 91%, up 12 percentage points from the previous day; supply and demand remained unbalanced.
3. Trading activity in the aromatics-related products market was moderate, with sellers offering discounts to move inventory.

Core Logic: International oil prices fell for three consecutive sessions. Downstream customers purchased based on actual demand. Overall market trading activity remained moderate.

II. Price List

Notes:

1. Mixed aromatics refer to products output by domestic reforming units.
2. All RMB prices listed above are ex-works cash-inclusive tax-inclusive prices.
3. Prices represent point-in-time values from the two preceding working weeks prior to this week, not weekly averages.
4. The "Change" column reflects the day-on-day rate of change.

III. Market Outlook

International crude oil futures closed lower for the third consecutive session, providing limited sentiment support for domestic aromatics-related products. Yesterday's gasoline production-sales imbalance led to slowed factory shipments. Over the weekend, factories continued to offer discounts to clear inventory. Consequently, aromatics-related products are expected to trade weakly today.