| Brent Crude (USD/bbl) | Change (USD/bbl) | Same-day premium/discount (USD/bbl) | USD Benchmark Price (USD/ton) | Change (USD/ton) | Theoretical RMB Cost (RMB/ton) | Change (RMB/ton) |
|---|---|---|---|---|---|---|
| 97 (Brent Nov) | +0.72 | 27 | 974.95 | +5.66 | 7998.44 | +44.35 |
Data source: Chempricehub Information
Note: The estimated price is based on the day's Brent crude oil closing price, calculated using a fixed-cost estimation formula (derived from the general USD contract settlement formula), and incorporates the daily premium/discount movement.
The price in this table is calculated using imported European mixed aromatics as the reference benchmark. For USD benchmark prices of Asian/Korean and other regional products, the product density needs to be taken into account.
Contract prices in this table are negotiated and settled in USD; the RMB benchmark price is a reference value converted using the day's exchange rate. This price is only a reference for USD contract settlement and is not the day's spot transaction price. For contract prices involving agent-opened letters of credit, the handling fees charged by the LC-opening party should be considered separately.
Comments
0