瑞达期货纯苯产业日报-20251020

1. Report Industry Investment Rating - Not provided in the content 2. Core Viewpoints of the Report - The short - term BZ2603 is expected to fluctuate weakly. The international oil price faces medium - and long - term pressure due to OPEC's production increase and the slowdown of global economic growth, but the Russia - Ukraine conflict remains highly uncertain. The short - term downward trend of BZ2603 may continue, but the decline space may be limited as the 6 - day RSI enters the oversold range below 20 [2] 3. Summaries According to Relevant Catalogs 3.1 Futures Market - The main closing price of pure benzene was 5461 yuan/ton, a decrease of 105 yuan; the main settlement price was 5535 yuan/ton, a decrease of 59 yuan. The main trading volume was 8145 lots, an increase of 1292 lots; the main open interest was 15376 lots, an increase of 1387 lots [2] 3.2 Spot Market - The mainstream price of pure benzene in the East China market was 5575 yuan/ton, unchanged; in the North China market, it was 5290 yuan/ton, unchanged; in the South China market, it was 5615 - 5650 yuan/ton, unchanged; in the Northeast region, it was 5400 - 5416 yuan/ton, a decrease of 75 - 28 yuan. The offshore intermediate price of pure benzene in South Korea was 676 US dollars/ton, an increase of 3 US dollars; the CFR intermediate price of pure benzene in China was 684.32 US dollars/ton, a decrease of 7.63 US dollars [2] 3.3 Upstream Situation - The spot price of Brent DTD crude oil was 61.1 US dollars/barrel, a decrease of 1.03 US dollars; the CFR intermediate price of naphtha in the Japanese region was 537 US dollars/ton, a decrease of 8.5 US dollars [2] 3.4 Industry Situation - The capacity utilization rate of pure benzene was 78.14%, an increase of 0.13 percentage points; the weekly output was 43.8 tons, a decrease of 2.22 tons. The terminal port inventory of pure benzene was 9 tons, a decrease of 0.1 tons. The production cost was 5327.8 yuan/ton, a decrease of 118.2 yuan; the production profit was 737 yuan/ton, an increase of 76 yuan [2] 3.5 Downstream Situation - The开工率 of styrene was 71.88%, a decrease of 1.73 percentage points; the capacity utilization rate of caprolactam was 95.72%, an increase of 6.41 percentage points; the capacity utilization rate of phenol was 78.54%, a decrease of 0.46 percentage points; the capacity utilization rate of aniline was 69.24%, a decrease of 0.1 percentage points; the capacity utilization rate of adipic acid was 64.3%, an increase of 2 percentage points [2] 3.6 Industry News - From October 11th to 17th, the capacity utilization rate of petroleum benzene decreased by 3.81% to 75.48%, and that of hydrobenzene decreased by 0.85% to 62.39%. The weighted开工率 of pure benzene downstream decreased by 2.35% to 75.37%. As of October 20th, the pure benzene inventory in East China ports was 9.9 tons, a 10% increase from last week. From October 10th to 16th, the profit of petroleum benzene increased by 33 yuan/ton to 347 yuan/ton [2]