纯苯：短期偏强

Report Summary 1) Industry Investment Rating - The investment rating for the pure benzene industry is short - term bullish [1] 2) Core View - The pure benzene market shows a short - term upward trend with price increases and changes in inventory levels [1][2] 3) Summary by Related Content Fundamentals Tracking - Futures prices of BZ2603, BZ2604, and BZ2605 increased by 44, 77, and 34 respectively compared to the previous day [1] - The price differences between different futures contracts and between pure benzene and other products changed, such as BZ2603 - BZ2604 decreased by 33 and BZ2603 - EB2508 decreased by 310 [1] - Paper - cargo prices of N + 1 and N + 2 increased by 35 and 30 respectively [1] - Shandong pure benzene price rose by 35 to 6005 yuan/ton, and the price differences between Shandong pure benzene and other types of benzene also increased [1] - Pure benzene inventory in East China ports decreased by 10,000 tons to 134,000 tons, while styrene inventory in East China ports increased by 6760 tons to 133,690 tons [1] News - As of September 15, 2025, the commercial inventory of pure benzene in Jiangsu ports decreased by 10,000 tons (6.94% MoM) to 134,000 tons, and increased by 84,000 tons (168% YoY) compared to last year [2] - From September 8 - 14, the estimated arrival was about 18,000 tons and the estimated pick - up was about 28,000 tons [2] - As of September 15, 2025, the inventory of styrene in Jiangsu ports decreased by 17,500 tons (9.92%) to 159,000 tons, and the commercial inventory decreased by 9000 tons (10.34%) to 78,000 tons [2] - On September 15, the non - long - term contract trading volume of Shandong pure benzene was about 1700 tons, with a self - pick - up price range of 6000 - 6010 yuan/ton and an average price of 6005 yuan/ton, up 35 yuan/ton from the previous day [2] - Spot prices of pure benzene in East China increased, with different price increases for different trading periods [2] Trend Intensity - The trend intensity of pure benzene is 0, indicating a neutral trend within the [- 2,2] range [2]