瑞达期货纯苯产业日报-20260324

1. Report Industry Investment Rating - No information provided 2. Core Viewpoints - The cost side remains the dominant factor in the price of pure benzene. In the short term, pure benzene futures are expected to fluctuate with oil prices [3] - The supply of pure benzene is expected to decline significantly in the future. The downstream demand is expected to increase, and the high inventory is expected to be digested smoothly [2] 3. Summary by Directory 3.1 Futures Market - The closing price of the main contract of pure benzene was 8,501 yuan/ton, a decrease of 704 yuan; the settlement price was 8,613 yuan/ton, a decrease of 210 yuan [2] - The trading volume of the main contract was 39,200 lots, an increase of 1,473 lots; the open interest was 22,162 lots, a decrease of 1,504 lots [2] 3.2 Spot Market - The mainstream price of pure benzene in the East China market was 8,760 yuan/ton, unchanged; in the North China market, it was 8,450 yuan/ton, an increase of 700 yuan; in the South China market, it was 8,400 yuan/ton, unchanged; in the Northeast region, it was 8,453 yuan/ton, an increase of 702 yuan [2] - The mainstream price of hydrogenated benzene in Jiangsu was 8,950 yuan/ton, an increase of 975 yuan; in Shanxi, it was 7,500 yuan/ton [2] - The FOB mid - price of pure benzene in South Korea was 1,133 US dollars/ton, an increase of 83 US dollars; the CFR mid - price of pure benzene in China was 1,141.46 US dollars/ton, an increase of 82.91 US dollars [2] 3.3 Upstream Situation - The spot price of Brent DTD crude oil was 110.15 US dollars/barrel [2] - The capacity utilization rate of pure benzene was 74.58%, an increase of 0.38 percentage points; the weekly output was 44.16 tons, an increase of 0.23 tons [2] 3.4 Industry Situation - The port inventory of pure benzene was 28.8 tons, a decrease of 1.4 tons; the production cost was 7,250.2 yuan/ton, an increase of 712.4 yuan; the production profit was 352 yuan/ton, a decrease of 523 yuan [2] 3.5 Downstream Situation - The开工率 of styrene was 70.46%, a decrease of 1.33 percentage points; the capacity utilization rate of caprolactam was 77.21%, an increase of 2.34 percentage points; the capacity utilization rate of phenol was 87.4%, an increase of 0.53 percentage points; the capacity utilization rate of aniline was 88.33%, a decrease of 0.71 percentage points; the capacity utilization rate of adipic acid was 69.5%, an increase of 0.5 percentage points [2] 3.6 Industry News - From March 13th to 19th, the operating rate of petroleum benzene increased by 0.39% to 74.58%, and the operating rate of hydrogenated benzene decreased by 1.59% to 61.48% [2] - From March 14th to 20th, the weighted operating rate of the five major downstream products of pure benzene decreased by 0.19% to 76.08% [2] - As of March 23rd, the inventory of pure benzene in East China ports was 26.9 tons, a decrease of 6.60% from the previous period. BZ2605 first rose and then fell, closing down 3.65% at 8,501 yuan/ton [2] - From March 13th to 19th, the profit of petroleum benzene in China was 352 yuan/ton, a decrease of 523 yuan/ton from the previous week [2]