Workflow
瑞达期货纯苯产业日报-20250915
Rui Da Qi Huo·2025-09-15 11:04
  1. Report Industry Investment Rating - No information provided in the given content 2. Core Viewpoints of the Report - BZ2603 fluctuated strongly and closed at 6,032 yuan/ton. The supply of pure benzene is expected to increase slightly this week, while the demand recovery may be limited. The pre - holiday stocking demand of downstream enterprises may support the price, but it is difficult to drive up the price. The short - term geopolitical conflicts have limited impact on the cost, and the international oil price is under pressure. Affected by the upcoming new round of key industry stable - growth policies, industrial products mainly rose during the day. The daily K - line of BZ2603 should pay attention to the pressure around 6,070 [2] 3. Summary by Related Catalogs 3.1 Futures Market - The latest daily closing price of pure benzene futures is 6,032 yuan/ton, with a month - on - month increase of 44; the settlement price is 6,021 yuan/ton, with a month - on - month increase of 32. The trading volume is 4,149 lots, with a month - on - month decrease of 596; the open interest is 12,379 lots, with a month - on - month increase of 80 [2] 3.2 Spot Market - The mainstream prices of pure benzene in East China, North China, South China, and Northeast China are 5,910 yuan/ton, 5,990 yuan/ton, 5,900 yuan/ton, and 5,970 yuan/ton respectively. The mainstream prices of hydrogenated benzene in Jiangsu and Shanxi are 6,075 yuan/ton and 5,750 yuan/ton respectively. The FOB mid - price of pure benzene in South Korea is 714 US dollars/ton, with a month - on - month decrease of 3; the CFR mid - price of pure benzene in China is 732.5 US dollars/ton, with a month - on - month decrease of 5 [2] 3.3 Upstream Situation - The spot price of Brent DTD crude oil is 67.8 US dollars/barrel, with a month - on - month increase of 1.32; the CFR mid - price of naphtha in Japan is 598.5 US dollars/ton, with a month - on - month decrease of 5.5 [2] 3.4 Industry Situation - The capacity utilization rate of pure benzene is 78.14%, with a month - on - month increase of 0.13; the weekly output is 45.55 tons, with a month - on - month increase of 0.22. The port inventory is 14.4 tons, with a month - on - month decrease of 0.5. The production cost is 5,327.8 yuan/ton, with a month - on - month decrease of 118.2; the production profit is 737 yuan/ton, with a month - on - month increase of 76 [2] 3.5 Downstream Situation - The开工率 of styrene is 74.98%, with a month - on - month decrease of 4.76; the capacity utilization rate of caprolactam is 95.72%, with a month - on - month increase of 6.41; the capacity utilization rate of phenol is 78.54%, with a month - on - month decrease of 0.46; the capacity utilization rate of aniline is 69.24%, with a month - on - month decrease of 0.1; the capacity utilization rate of adipic acid is 64.3%, with a month - on - month increase of 2 [2] 3.6 Industry News - As of September 15, the pure benzene inventory in Jiangsu ports was 13.4 tons, with a month - on - month decrease of 6.94%. From September 5th to 11th, the profit of petroleum benzene of PetroChina was 443 yuan/ton, with a month - on - month decrease of 69 yuan/ton [2] 3.7 Viewpoint Summary - The supply of pure benzene is expected to increase slightly this week, and the restart of some downstream parking devices may narrow the domestic supply - demand gap in the short term. However, the demand recovery may be limited due to the styrene maintenance cycle from late September to October. The pre - holiday stocking demand of downstream enterprises may support the price, but it is difficult to drive up the price. The short - term geopolitical conflicts have limited impact on the cost, and the international oil price is under pressure. Affected by the upcoming new round of key industry stable - growth policies, industrial products mainly rose during the day. The daily K - line of BZ2603 should pay attention to the pressure around 6,070 [2]