New prices have surged to the 10,000 yuan level.

1. Daily Summary

① Sinopec East China pure benzene posted price remained stable at 10,200 yuan/ton.

② Today’s Shandong non-contract pure benzene transactions totaled approximately 3,100 tons. Self-pickup prices ranged from 9,970 to 10,123 yuan/ton, with an average of 10,046 yuan/ton, up 108 yuan/ton from the previous business day.

③ East China spot pure benzene negotiations occurred between 10,140 and 10,570 yuan/ton, averaging 10,355 yuan/ton, a decrease of 970 yuan/ton from the previous business day.

④ As of September 28, total commercial inventory of Jiangsu port pure benzene samples stood at 61,000 tons, representing an increase of 17,000 tons from the previous period’s 44,000 tons.

2. Spot Market Overview

Table 1: Domestic Hydrogenated Benzene Price Summary (Unit: Yuan/Ton)

Using the Shandong region as a benchmark, prices in Lubei remained stable today, while those in South-West Shandong rose. Prices in major production areas increased to 10,000 yuan/ton, and local refinery prices rose to 9,970–10,120 yuan/ton. With the holiday approaching, storage area prices saw a rational pullback. New pricing for hydrogenated benzene supplies from major production areas and local refineries during the National Day holiday period showed catch-up increases, with most transactions occurring at premiums. The price gap with East China narrowed, and the delivered price reference for Jiangsu hydrogenated benzene is 10,100–10,200 yuan/ton.

3. Production Dynamics

On September 30, the operating rate of hydrogenated benzene decreased by 0.74 percentage points to 55.50%. Weekly output of hydrogenated benzene was 73,600 tons, a week-over-week decrease of 1,000 tons. Crude benzene feedstock prices remained stable this week, while prices for hydrogenated benzene and by-products rose. Profit margins for Shandong hydrogenated benzene enterprises increased, settling at 140 yuan/ton.

4. Price Forecast

Today, domestic hydrogenated benzene market prices saw a slight increase. Most factories completed their pre-holiday order sales; with sporadic shipments continuing, intraday negotiation prices moved higher. Approaching the National Day and Spring Festival holidays, logistics capacity declined. Amidst active purchasing by downstream sectors with rigid demand, Shandong local refineries reported high pure benzene prices and traded at premiums, thereby lifting hydrogenated benzene prices. Attention should be paid to crude oil trends during the National Day holiday and their potential impact on post-holiday hydrogenated benzene prices.

5. Related Product Updates

Pure Benzene Market: On the last trading day before the holiday, Shandong suppliers continued to quote high prices for shipments. Active downstream stockpiling and purchasing drove widespread premiums in local refinery auctions.

6. Data Calendar

Table 2: Domestic Hydrogenated Benzene Data Overview (Unit: Yuan/Ton, 10,000 Tons)