Morning Market Update: Hydrogenated Benzene

I. Key Points

1. Houthi rebels attacked Saudi energy facilities, heightening market concerns over supply risks and driving up international crude oil prices.
2. Yesterday, non-contract spot transactions for pure benzene in Shandong totaled approximately 3,100 tons. Ex-works prices ranged from CNY 10,503 to 10,573 per ton, with an average of CNY 10,538 per ton, representing a rise of CNY 130 per ton compared to the previous working day.
3. Yesterday, spot negotiations for pure benzene in East China were conducted at CNY 10,750–10,850 per ton, averaging CNY 10,800 per ton, which is CNY 70 higher than the previous working day.
4. Sinopec raised its posted price for pure benzene in East China by CNY 200 yesterday; the current executed price is CNY 10,800 per ton.
5. As of October 12, total commercial inventory at Jiangsu pure benzene ports (sample data) stood at 50,000 tons, a decrease of 3,000 tons from the previous period's inventory of 53,000 tons.

II. Price Table

Units: USD/barrel, CNY/ton, USD/ton

Data Source: Chempricehub Information

III. Market Outlook

Yesterday, the domestic hydrogenated benzene market continued to rise. Both futures and spot prices strengthened significantly. Major refiners increased their posted prices, raising the price baseline and pushing up the center of hydrogenated benzene negotiation levels, leading to widespread increases in factory quotes. In the short term, hydrogenated benzene prices are expected to remain elevated. Attention should be paid to upcoming news and fundamental guidance.

Notes:

1. ↓↑ indicates significant volatility, highlighting data points with changes exceeding 3%.
2. ↗↘ indicates narrow-range fluctuations, highlighting data points with changes within 0–3%.