I. Key Points
International Benzene Prices: FOB Korea rose by USD 12 to USD 1,241/ton; CFR China rose by USD 12 to USD 1,270/ton. FOB Rotterdam fell by USD 17 to USD 1,387/ton; FOB US Gulf Coast (USG) rose by 4 cents to 485 cents/gallon.
Crude Oil: The market is focused on the potential escalation of the US-Iran conflict and the ongoing risk of Houthi attacks on Saudi energy facilities. ICE Brent futures for December delivery rose by USD 3.55 to USD 116.72/barrel, a week-on-week increase of +3.14%.
| Region | Oct 23 | Oct 22 | Change (%) |
|---|---|---|---|
| FOB Korea | 1241 | 1229 | 0.98% |
| CFR China | 1270 | 1258 | 0.95% |
| East China Market | 10550 | 10420 | 1.25% |
| Shandong Market | 10373 | 10321 | 0.50% |
| Notes: | |||
| 1. FOB Korea and CFR China benzene prices are in USD/ton; domestic benzene prices are in CNY/ton. | |||
| 2. Benzene prices reflect the average closing price of mainstream markets. | |||
| 3. All RMB prices in the table above are spot exchange rates, tax-inclusive, ex-warehouse pickup prices. | |||
| 4. Change rate refers to the period-over-period fluctuation. |
II. Market Outlook
Supported by crude oil prices, Shandong prices rose over the weekend. This week involves month-end settlements, so the market is expected to maintain high-level fluctuations.
| Data Item | Release Date | Previous Period Data | Current Trend Forecast |
|---|---|---|---|
| East China Port Benzene Inventory | Monday 16:00 PM | 44,000 tons | ↘ |
| Weekly Benzene Capacity Utilization Rate | Thursday 18:00 PM | 70.48% | ↗ |
| Weekly Benzene Profit Margin | Thursday 18:00 PM | 2,387 CNY/ton | ↘ |
| 1. ↓↑ indicates significant volatility, highlighting data with changes exceeding 3%. | |||
| 2. ↗ ↘ indicate narrow-range fluctuations, highlighting data with changes within 0-3%. |
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