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瑞达期货纯苯产业日报-20250910

Report Overview - Report Name: Pure Benzene Industry Daily Report 2025 - 09 - 10 [1] - Analyst: Lin Jingyi (Futures Practitioner Qualification No. F03139610, Futures Investment Consulting Practitioner Certificate No. Z0021558), Assistant Analyst: Xu Tianze (Futures Practitioner Qualification No. F03133092) [2] 1. Report Industry Investment Rating - No industry investment rating is provided in the report. 2. Report's Core View - BZ2603 showed a slight oscillation and closed at 6,019 yuan/ton. In the short - term, the supply of pure benzene is expected to contract slightly, while domestic demand is expected to decline significantly. The supply - demand gap is expected to widen, putting pressure on spot prices. BZ2603 is expected to oscillate at a low level, with the range around 5,950 - 6,100 yuan/ton [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the main pure benzene contract was 6,019 yuan/ton, up 13 yuan; the settlement price was 6,012 yuan/ton, up 14 yuan. The trading volume was 2,588 lots, down 43 lots; the open interest was 13,597 lots, down 15 lots [2] 3.2 Spot Market - The mainstream prices of pure benzene in the East China, North China, South China, and Northeast markets were 5,915 yuan/ton, 5,910 yuan/ton, 5,900 yuan/ton, and 5,905 yuan/ton respectively. The mainstream prices of hydrogenated benzene in Jiangsu and Shanxi were 6,025 yuan/ton and 5,800 yuan/ton respectively. The FOB mid - price of pure benzene in South Korea was 715 US dollars/ton, down 2 US dollars; the CFR mid - price in China was 732.5 US dollars/ton, down 1 US dollar [2] 3.3 Upstream Situation - The spot price of Brent DTD crude oil was 66.87 US dollars/barrel, and the CFR mid - price of naphtha in Japan was 597.25 US dollars/ton, up 3 US dollars [2] 3.4 Industry Situation - The capacity utilization rate of pure benzene was 78.14%, up 0.13 percentage points; the weekly output was 45.33 tons, up 0.14 tons. The port inventory of pure benzene was 14.9 tons, up 1.1 tons. The production cost was 5,327.8 yuan/ton, and the production profit was 737 yuan/ton, up 76 yuan [2] 3.5 Downstream Situation - The开工率 of styrene was 79.74%, up 1.67 percentage points; the capacity utilization rate of caprolactam was 95.72%, up 6.41 percentage points; the capacity utilization rate of phenol was 78.54%, down 0.46 percentage points; the capacity utilization rate of aniline was 69.24%, down 0.1 percentage points; the capacity utilization rate of adipic acid was 64.3%, up 2 percentage points [2] 3.6 Industry News - As of September 8, the commercial inventory of pure benzene in Jiangsu ports was 14.4 tons, a 3.36% decrease from the previous period. From August 29 to September 4, the profit of the Chinese petroleum benzene industry was 512 yuan/ton, a decrease of 159 yuan/ton from the previous period [2]