Spot prices for pure benzene in East China remain stable.

1. Daily Summary

   Sinopec East China Sales Company set the pure benzene price at 10,600 RMB/ton.

   In Shandong Province, non-long-term contract transaction volume was approximately 1,800 tons (based on incomplete statistics).

2. Spot Market Overview

   Table 1: Summary of Domestic Pure Benzene Prices (Unit: RMB/ton)

Notes:

1. The prices listed above serve as reference points for mainstream negotiations.
2. These are spot cash ex-works prices, denominated in RMB/ton.
3. Price changes are compared to the previous trading day's closing price.

On October 10, East China pure benzene spot prices negotiated between 10,600–10,800 RMB/ton, with an average of 10,700 RMB/ton, remaining flat compared to the previous working day. The spot market exhibited a stalemate at high levels. The divergence between near-term strength and far-term weakness intensified further. Although spot prices remained stable, basis discounts for next-month delivery and longer-dated contracts declined, indicating a clear downward shift in negotiation centers. Negative feedback from the demand side became increasingly evident amid weak follow-through in far-month price gains.

3. Production Dynamics

4. Price Forecast

Pure benzene basis weakened, reflecting a deterioration in market sentiment compared to earlier periods. However, regional demand remained stable, and intraday trading activity was robust. Short-term prices are expected to fluctuate within a narrow range.

5. Related Products

On October 10, the domestic styrene market showed mixed movements. Mainstream spot transaction prices in Jiangsu closed at 11,300–11,400 RMB/ton, averaging 20 RMB/ton higher than the previous day. The styrene market lacked clear directional guidance today. Tight spot supply in East China supported firm basis levels, with some rigid demand following through, providing price support. In Shandong, producers primarily offered discounts to boost sales volumes, leading to divergent regional transactions.