纯苯、苯乙烯日报：双节后原油价格下挫，纯苯苯乙烯跟跌-20251013

Report Summary 1. Report Industry Investment Rating No investment rating is provided in the report. 2. Core Viewpoints - The pure benzene market maintains a weak and volatile pattern, with a supply - demand imbalance where supply is strong and demand is weak. Its price may face downward pressure, and short - term trends are affected by crude oil fluctuations and downstream start - up changes [2]. - The styrene market shows short - term characteristics of tightened supply and weak demand. Although some device overhauls provide short - term support, overall supply - demand remains weak, and prices may fluctuate weakly [3]. 3. Summary by Directory 3.1 Daily Market Summary - Fundamentals - On October 10, the main styrene contract closed down 1.10% at 6,743 yuan/ton, and the main pure benzene contract closed down 0.50% at 5,734 yuan/ton. The closing price of Brent crude oil was 61.5 dollars/barrel (-1.0 dollars/barrel), and the WTI crude oil main contract closed at 65.2 dollars/barrel (-1.0 dollars/barrel). The spot price of pure benzene in East China was 5,735 yuan/ton (-35 yuan/ton) [2]. - Viewpoints - Pure benzene: The supply is high due to postponed refinery overhauls and restart of small plants, and imports may increase. Demand is weak as downstream industries are "off - peak in peak season", and port inventories are high. The supply - demand imbalance persists, and prices may be under pressure [2]. - Styrene: Supply is temporarily tightened due to some device overhauls, but it will increase with new capacity coming online. Demand is weak as downstream industries have few orders and high inventories. Prices may fluctuate weakly [3]. 3.2 Industry Chain Data Monitoring - Prices: The main styrene futures contract decreased by 1.10% to 6,743 yuan/ton, and the main pure benzene futures contract decreased by 0.50% to 5,734 yuan/ton. Brent crude oil decreased by 1.66% to 61.5 dollars/barrel, and WTI crude oil decreased by 1.55% to 65.2 dollars/barrel. Other prices also showed different degrees of decline [5]. - Spreads: The pure benzene domestic - CFR spread decreased by 0.53% to -322.0 yuan/ton, and the pure benzene East China - Shandong spread decreased by 19.44% to -215.0 yuan/ton [5]. 3.3 Industry News - OPEC+ production increased by 400,000 barrels/day in September, with Saudi Arabia contributing 320,000 barrels/day. Iraqi Kurdistan's oil exports restarted, and production may further recover in October [6]. - US refineries entered autumn overhauls, and refined oil demand declined seasonally. US crude oil inventories increased by 3.7 million barrels last week [6]. - Israel and Hamas reached a cease - fire agreement, easing tensions in the Middle East and reducing the geopolitical premium of crude oil [6]. 3.4 Industry Chain Data Charts - The report provides multiple charts showing the prices, spreads, inventories, and capacity utilization rates of pure benzene, styrene, and their related products, with data sources from iFinD and Steel Union Data [7][27].