Ruida Futures(SZ:002961) Rui Da Qi Huo·2025-11-12 10:00Report Industry Investment Rating - Not provided Core Viewpoints - Short-term BZ2603 is expected to fluctuate weakly, and technically, attention should be paid to the support around 5290 yuan/ton. The overall supply pressure of pure benzene is at a relatively high level, downstream consumption is difficult to increase, and the cost side has led to a recent rise in international oil prices [2] Summary by Relevant Catalogs Futures Market - The closing price of the main pure benzene contract was 5434 yuan/ton, up 80 yuan; the settlement price was 5414 yuan/ton, up 20 yuan. The trading volume was 10,561 lots, up 2457 lots; the open interest was 18,184 lots, down 106 lots [2] Spot Market - The mainstream price of pure benzene in the East China market was 5260 yuan/ton, down 25 yuan; in the North China market, it was 5220 yuan/ton, up 40 yuan; in the South China market, it was 5300 yuan/ton, unchanged; in the Northeast region, it was 5183 yuan/ton, down 27 yuan. The offshore intermediate price of pure benzene in South Korea was 649 US dollars/ton, up 1 US dollar; the CFR intermediate price in China was 663.26 US dollars/ton, down 2.61 US dollars [2] Upstream Situation - The spot price of Brent DTD crude oil was 64.4 US dollars/barrel, up 1.82 US dollars; the CFR intermediate price of naphtha in the Japanese region was 576.75 US dollars/ton, down 5.5 US dollars [2] Industry Situation - The capacity utilization rate of pure benzene was 75.14%, up 1.04 percentage points; the weekly output was 43.78 tons, up 0.89 tons. The port inventory of pure benzene was 12.1 tons, up 3.6 tons. The production cost was 5301.8 yuan/ton, down 10.8 yuan; the production profit was 34 yuan/ton, down 134 yuan [2] Downstream Situation - The开工率 of styrene was 66.94%, up 0.22 percentage points; the capacity utilization rate of caprolactam was 86.04%, unchanged; the capacity utilization rate of phenol was 75.31%, down 2.7 percentage points; the capacity utilization rate of aniline was 77.74%, down 0.83 percentage points; the capacity utilization rate of adipic acid was 65.6%, up 7.6 percentage points [2] Industry News - From November 1st to 7th, the operating rate of petroleum benzene increased by 1.04% to 75.14%, and the operating rate of hydrogenated benzene decreased by 1.87% to 53.80%. The weighted operating rate of pure benzene downstream increased by 0.19% to 72.37%. As of November 10th, the inventory of pure benzene in East China ports was 11.3 tons, a week-on-week decrease of 6.61%. From November 1st to 7th, the profit of petroleum benzene decreased by 134 yuan/ton to 34 yuan/ton [2]