纯苯：短期震荡为主

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core View of the Report The short - term trend of pure benzene is mainly volatile [1]. 3. Summary by Relevant Catalogs 3.1 Fundamental Tracking - Futures prices of BZ2603, BZ2604, and BZ2605 decreased by 85, 73, and 96 respectively compared to the previous day [1]. - The spreads between some futures contracts changed, such as BZ2603 - BZ2604 decreased by 12, and BZ2604 - BZ2605 increased by 23 [1]. - Paper - cargo prices of N + 1 and N + 2 remained unchanged [1]. - Shandong pure benzene price decreased by 41 to 5802, and the differences between Shandong pure benzene price and加氢苯 price, and Shandong pure benzene price and East China pure benzene price both decreased by 41 [1]. - Pure benzene inventory in East China ports decreased by 0.1 to 10.6, and styrene inventory in East China ports decreased by 14069 to 114420 [1]. 3.2 News - As of September 29, 2025, the commercial inventory of pure benzene in Jiangsu ports was 10.6 million tons, a month - on - month decrease of 0.93% and a year - on - year increase of 35.90% [2]. - From September 23 to September 28, the estimated arrival was about 3.31 million tons, and the estimated pick - up was about 3.41 million tons [2]. - On September 29, the non - long - term agreement trading volume of Shandong pure benzene was about 2000 tons, with an average self - pick - up price of 5843 yuan/ton, a decrease of 22 yuan/ton from the previous day [2]. - East China pure benzene spot negotiation average price decreased by 20, September bottom transaction average price decreased by 15, October bottom transaction average price remained stable, and November bottom transaction average price decreased by 20 [2]. 3.3 Trend Intensity The trend intensity of pure benzene is 0, indicating a neutral view [2].