瑞达期货纯苯产业日报-20260107

Report Industry Investment Rating - No information provided on the industry investment rating Core Viewpoints - The short - term BZ2603 is expected to show a volatile trend, with the range estimated to be around 5350 - 5520 yuan/ton. The domestic pure benzene production is expected to rise slightly, and the downstream weighted operating rate has a slight increase. The inventory in East China ports continues to accumulate and is much higher than the same period in previous years. The domestic petroleum benzene profit has recovered from a low level and maintains a repair trend [2] Summary by Relevant Catalogs Futures Market - The closing price of the main pure benzene contract is 5464 yuan/ton, with a week - on - week increase of 31 yuan/ton; the settlement price is 5451 yuan/ton, up 34 yuan/ton. The trading volume is 18209 lots, with an increase of 8485 lots, and the open interest is 28809 lots, up 238 lots. Market prices vary by region, with the mainstream price in the East China market at 5295 yuan/ton, in the North China market at 5220 yuan/ton (down 30 yuan/ton), in the South China market at 5300 yuan/ton (unchanged), and in the Northeast at 5225 yuan/ton (down 8 yuan/ton) [2] Spot Market - The spot price of pure benzene in the domestic market has different values in different regions. The Korean FOB intermediate price is 659 dollars/ton, up 2 dollars/ton, and the Chinese CFR intermediate price is 668.22 dollars/ton, up 2.34 dollars/ton [2] Upstream Situation - The spot price of Brent DTD crude oil is 63.48 dollars/barrel, up 0.38 dollars/barrel, and the CFR intermediate price of naphtha in the Japanese region is 534.25 dollars/ton, up 11.75 dollars/ton [2] Industry Situation - The capacity utilization rate of pure benzene is 75.18%, up 0.29 percentage points, and the weekly output is 43.55 tons, down 0.08 tons. The port inventory of pure benzene is 30 tons, up 2.7 tons. The production cost is 4993.25 yuan/ton, down 115.75 yuan/ton, and the production profit is 332 yuan/ton, up 131 yuan/ton [2] Downstream Situation - The operating rate of styrene is 70.23%, down 0.47 percentage points; the capacity utilization rate of caprolactam is 75.52%, up 1.47 percentage points; the capacity utilization rate of phenol is 79.73%, up 1.58 percentage points; the capacity utilization rate of aniline is 59.81%, down 3.17 percentage points; the capacity utilization rate of adipic acid is 68.2%, up 4.6 percentage points. From December 27 to January 2, the weighted operating rate of pure benzene downstream increased by 0.27% to 71.34% [2] Industry News - From December 27 to January 2, the operating rate of petroleum benzene increased by 0.22% to 75.11%, and the operating rate of hydrogenated benzene increased by 1.07% to 60%. As of January 5, the inventory of pure benzene in East China ports was 31.8 tons, a week - on - week increase of 6.00%. As of January 4, the weekly profit of petroleum benzene was 371 yuan/ton, a week - on - week increase of 18 yuan/ton [2]