瑞达期货纯苯产业日报-20260114

1. Report Industry Investment Rating - Not mentioned in the report 2. Core Viewpoints of the Report - The supply - demand situation of domestic pure benzene is expected to remain in a relatively loose balance. The short - term BZ2603 is expected to fluctuate strongly. The increase in the geopolitical situation in the Middle East and seasonal growth in heating demand support international oil prices. The tight supply - demand and strong prices of styrene warm up the pure benzene market sentiment [2] 3. Summary According to Relevant Catalogs 3.1 Futures Market - The closing price of the pure benzene futures main contract was 5707 yuan/ton, up 123 yuan; the settlement price was 5671 yuan/ton, up 115 yuan. The trading volume was 33,508 lots, up 16,781 lots, and the open interest was 30,967 lots, up 1097 lots [2] 3.2 Spot Market - The mainstream prices of pure benzene in the East China, North China, South China, and Northeast regions were 5455 yuan/ton, 5300 yuan/ton, 5400 yuan/ton, and 5325 yuan/ton respectively. The offshore middle price of pure benzene in South Korea was 691 US dollars/ton, up 3 US dollars, and the CFR middle price of pure benzene in China was 691.98 US dollars/ton, up 2.09 US dollars [2] 3.3 Upstream Situation - The spot price of Brent DTD crude oil was 68.73 US dollars/barrel, up 2.98 US dollars, and the CFR middle price of naphtha in the Japanese region was 561.25 US dollars/ton, up 3.25 US dollars [2] 3.4 Industry Situation - The capacity utilization rate of pure benzene was 74.38%, down 0.8%; the weekly output was 43.71 tons, up 0.16 tons. The port inventory was 31.8 tons, up 1.8 tons. The production cost was 4914.6 yuan/ton, down 78.65 yuan, and the production profit was 395 yuan/ton, up 63 yuan [2] 3.5 Downstream Situation - The开工率 of styrene was 70.92%, up 0.69%; the capacity utilization rates of caprolactam, phenol, aniline, and adipic acid were 74.22% (down 1.3%), 85.37% (up 5.64%), 61.31% (up 1.5%), and 67.6% (down 0.6%) respectively [2] 3.6 Industry News - From January 3rd to 9th, the operating rate of petroleum benzene decreased by 0.80% to 74.38%, and that of hydrobenzene increased by 1.66% to 61.66%. The weighted operating rate of pure benzene downstream increased by 1.01% to 72.35%. As of January 12th, the inventory of pure benzene in East China ports was 32.4 tons, a week - on - week increase of 1.89%. From January 2nd to 8th, the profit of petroleum benzene increased by 64 yuan/ton to 395 yuan/ton [2]