| 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 主力收盘价:纯苯(日,元/吨) | 6206 | -2 主力结算价:纯苯(日,元/吨) | 6217 | 3 | | | 主力成交量:纯苯(日,手) 市场价:纯苯:华东市场:主流价(日,元/吨) | 5336 6090 | -410 主力持仓量:纯苯(日,手) 0 市场价:纯苯:华北市场:主流价(日,元/吨) | 13064 6180 | 371 50 | | | 市场价:加氢苯:江苏地区:主流价(日,元/吨 | | 市场价:加氢苯:山西地区:主流价(日,元/吨 | | | | | 市场价:纯苯:华南市场:主流价(日,元/吨) | 6150 | 0 市场价:纯苯:东北地区:主流价(日,元/吨) | 6155 | 0 | | 现货市场 | | 6225 | 0 | 5925 | 0 | | | ) 现货价:纯苯:韩国:离岸中间价(日,美元/吨 | | ) 现货价:纯苯:中国:到岸价(CFR):中间价(日 | | | | | | 736 | ...

Group 1: Report Summary - The short - term supply of pure benzene in China is expected to exceed demand, putting pressure on prices; in the medium - to - long - term, the supply - demand contradiction may improve as new downstream capacity in August is higher than that of pure benzene [2] - The supply of crude oil exceeds demand, and international oil prices are expected to fluctuate weakly due to positive signals from Russia - Ukraine peace talks [2] - Technically, for BZ2603, attention should be paid to the support around 6100 and the pressure around 6300 [2] Group 2: Market Data Futures Market - The closing price of the main pure benzene contract is 6205 yuan/ton, up 23 yuan; the settlement price is 6177 yuan/ton, down 13 yuan [2] - The trading volume of the main pure benzene contract is 11282 lots, up 7924 lots; the open interest is 13106 lots, down 877 lots [2] Spot Market - The mainstream price of pure benzene in the East China market is 6250 yuan/ton, unchanged; in the South China market, it is 6095 yuan/ton, down 5 yuan [2] - The FOB mid - price of pure benzene in South Korea is 732 US dollars/ton, unchanged; the CFR mid - price of pure benzene in China is 746.5 US dollars/ton, unchanged [2] Upstream Situation - The spot price of Brent DTD crude oil is 67.6 US dollars/barrel, unchanged; the CFR mid - price of naphtha in Japan is 574.5 US dollars/ton, up 3.75 US dollars [2] Industry Situation - The capacity utilization rate of pure benzene is 78.14%, up 0.13%; the weekly output is 44.52 tons, down 0.08 tons [2] - The port inventory of pure benzene is 14.6 tons, down 1.7 tons; the production cost is 5327.8 yuan/ton, down 118.2 yuan [2] - The production profit of pure benzene is 737 yuan/ton, up 76 yuan [2] Downstream Situation - The开工率 of styrene is 78.18%, up 0.45%; the capacity utilization rate of caprolactam is 95.72%, up 6.41% [2] - The capacity utilization rate of phenol is 78.54%, down 0.46%; the capacity utilization rate of aniline is 69.24%, down 0.1% [2] - The capacity utilization rate of adipic acid is 64.3%, up 2% [2] Group 3: Industry News - China will comprehensively rectify the petrochemical and refining industries, phasing out small facilities and upgrading backward capacity while directing investment towards advanced materials [2] - From August 8 - 14, the profit of petroleum benzene in China was 689 yuan/ton, up 113 yuan/ton; the BZ2603 fluctuated widely and closed at 6205 yuan/ton [2] - As of August 18, the commercial inventory of pure benzene in Jiangsu ports was 14.4 tons, down 1.37% [2]

1. Report Industry Investment Rating - Not provided in the document 2. Report's Core View - The overall trading strategy for the styrene industry chain includes a side - way consolidation for single - side trading, shorting the spread between styrene and pure benzene (going long on pure benzene and short on styrene) for arbitrage, and selling both call and put options. The price of pure benzene is expected to be well - supported in the third quarter due to potential inventory reduction, while styrene's price is highly influenced by its cost side [5]. 3. Summary by Directory 3.1 Chapter 1: Comprehensive Analysis and Trading Strategy 3.1.1 Trading Strategies - Single - side: Side - way consolidation - Arbitrage: Short the spread between styrene and pure benzene (long pure benzene, short styrene) - Options: Sell both call and put options [5] 3.1.2 Pure Benzene Analysis - Price: This week, oil prices were in a side - way consolidation, and pure benzene futures prices trended down. Sinopec's pure benzene listed price increased by 100 yuan/ton on Tuesday. Spot prices were firm, with Shandong's market being strong. The arbitrage window between Shandong and East China remained closed. - Supply: Since late July, new units of CNOOC Daxie and Jingbo have been put into operation, and some cracked units have restarted after maintenance, increasing the supply of petroleum benzene. With rumors of production cuts in coking plants in Hebei and Shandong, the expected shortage of crude benzene supply has eased, and the loss of hydrogenated benzene has decreased, leading to increased production. - Demand: The downstream of pure benzene has seen a slight increase in operation, but with compressed profits. The inventory of pure benzene and its primary downstream has decreased. A new 670,000 - ton/year styrene production unit using ethylbenzene dehydrogenation in Jingbo Sida Rui has been successfully put into operation, but its load is currently low. There is an expectation of inventory reduction in the third - quarter for pure benzene [5]. 3.1.3 Styrene Analysis - Supply and demand: This week, both supply and demand of styrene increased. Port inventory decreased, low - price transactions increased, and the market's replenishment strength increased. However, styrene production is still at a loss. There are maintenance plans for Guangdong Petrochemical and Xingpu Chemical in September. A new 670,000 - ton/year styrene unit in Jingbo Sida Rui produced qualified products on August 6 but has not been officially sold. - Price influence: The supply - demand fundamentals of styrene have limited driving force, and its price is highly affected by the cost side [5]. 3.2 Chapter 3: Weekly Data Tracking 3.2.1 Pure Benzene - Price: The price of pure benzene in North China is stronger than that in South China, and the regional arbitrage window remains closed. The spread between pure benzene and naphtha is stable, while the spread between pure benzene and styrene has widened [7][9]. - Supply: The operating rate of petroleum benzene has increased. According to Zhuochuang Information, the operating rate of petroleum benzene this week was 82.69%, a week - on - week increase of 2.01%. The operating rate of hydrogenated benzene has rebounded, and the loss has decreased [15][23]. - Demand: The downstream of pure benzene has seen a slight increase in operation, but profits have weakened. The inventory of pure benzene and its primary downstream has decreased [24][26][30]. 3.2.2 Styrene - Price: Port inventory has decreased, low - price transactions have increased, and the basis and calendar spread have strengthened. As of this Friday, the spot negotiation price of benzene in Jiangsu was 7290 - 7315 yuan/ton, and the negotiation prices for August and September were 7295 - 7325 yuan/ton and 7340 - 7370 yuan/ton respectively [34][35]. - Supply and demand: Both supply and demand of styrene have increased, but production is at a loss. There are maintenance plans for some enterprises in September. The 3S downstream has stable profits, increased operation, and rising inventory [41][46][48].

Report Industry Investment Rating - Not provided in the content Core Viewpoints - In the short term, the situation of supply exceeding demand for domestic pure benzene is expected to continue, putting pressure on prices; in the long - term, the new production capacity of pure benzene downstream in August is higher than that of pure benzene, and the supply - demand contradiction may improve. The supply - demand situation of crude oil continues to be supply - dominant, and international oil prices are expected to fluctuate weakly. Technically, BZ2603 should pay attention to the support around 6100 and the resistance around 6300 [2] Summary by Relevant Catalogs Futures Market - The main closing price of pure benzene is 6186 yuan/ton, down 3 yuan; the main settlement price is 6171 yuan/ton, down 17 yuan. The main trading volume is 5030 lots, up 759 lots; the main open interest is 14110 lots, down 588 lots [2] Spot Market - The mainstream prices of pure benzene in East China, North China, South China, and Northeast China are 6100 - 6150 yuan/ton, 6130 - 6120 yuan/ton respectively, with different changes. The mainstream prices of hydrogenated benzene in Jiangsu and Shanxi are 6250 yuan/ton (down 75 yuan) and 6050 yuan/ton (unchanged) respectively. The spot price of pure benzene in South Korea's FOB middle price is 734 US dollars/ton, up 1 US dollar; the CIF middle price in China is 748.5 US dollars/ton, unchanged [2] Upstream Situation - The spot price of Brent DTD crude oil is 67.97 US dollars/barrel, down 0.61 US dollars; the CFR middle price of naphtha in Japan is 572.5 US dollars/ton, up 1.5 US dollars [2] Industry Situation - The capacity utilization rate of pure benzene is 78.14%, up 0.13%; the weekly output is 44.52 tons, down 0.08 tons. The port inventory of pure benzene is 14.6 tons, down 1.7 tons; the production cost is 5327.8 yuan/ton, down 118.2 yuan; the production profit is 737 yuan/ton, up 76 yuan [2] Downstream Situation - The开工率 of styrene is 78.18%, up 0.45%; the capacity utilization rates of caprolactam, phenol, aniline, and adipic acid are 95.72% (up 6.41%), 78.54% (down 0.46%), 69.24% (down 0.1%), and 64.3% (up 2%) respectively [2] Industry News - From August 8th to 14th, the profit of PetroChina's benzene was 689 yuan/ton, up 113 yuan/ton from last week. As of August 18th, the total commercial inventory of pure benzene ports in Jiangsu was 14.4 tons, down 1.37% from the previous period [2]

Report Industry Investment Rating - The overall investment rating is neutral [4] Core Viewpoints - For pure benzene, last week's supply increased with a new Jingbo plant producing products and no new device maintenance. August's supply is expected to continue rising. Imports are expected to decline in August as the US - Asia arbitrage window closed and the China - South Korea price difference is weak. In the short - term, demand may rise or remain stable due to the commissioning of Jingbo's styrene plant and high operating rates of caprolactam and aniline. In the long - run, demand may weaken due to weak downstream profits. Inventory is expected to decrease, and the current valuation is low [4]. - For styrene, last week's supply decreased. There were no new maintenance devices, but overall supply was high in August and may tighten in September due to multiple device overhauls. Downstream "Three S" comprehensive operating rates are weak, and demand is poor with high inventory. However, current downstream comprehensive profits are good, and short - term operating rates are expected to remain stable. Inventory is expected to continue increasing, and the valuation is neutral [4]. Summary by Relevant Catalogs Pure Benzene Supply - There are no new device overhauls, and the current operating rate is at a high level, so supply is expected to continue increasing. The restart of some devices and the commissioning of new ones are expected to increase August's output by 70,000 tons month - on - month, still facing great supply pressure [5][16]. Demand - Downstream overall operating rates are high. With the commissioning of the new downstream styrene plant, overall demand is expected to be good [5]. Inventory - Last week, the East China port inventory was 152,000 tons, a month - on - month decrease of 10,000 tons. Overall, pure benzene supply and demand are both increasing, and subsequent inventory is expected to decrease [45]. Valuation - The BZN spread is weak, and the overall valuation of pure benzene is not high [45]. Month - to - Month Spread - Pure benzene is expected to see inventory reduction, and the paper - goods month - to - month spread structure has shifted to the B structure, with the spread likely to strengthen later [5]. Styrene Supply - New device commissioning is expected to increase August's supply, but it may contract in September due to more overhauls. Last week, the operating rate decreased, and overall supply declined. With the commissioning of Jingbo and the restart of overhauled devices, August's supply is expected to increase by about 48,000 tons month - on - month [5][61]. Demand - Downstream "Three S" operating rates remain stable but are weak. Overall downstream profits are good, and demand is expected to remain stable. Currently, the "Three S" are in the off - season, with certain demand resilience, but high inventory may lead to weaker demand later [5][94]. Inventory - Last week, the East China port inventory decreased to 150,500 tons, the South China port inventory increased to 14,500 tons, and the overall port inventory decreased to 165,000 tons. Overall, styrene inventory is expected to increase later [91][94]. Valuation - The BZ - SM spread has decreased significantly, and the styrene valuation is neutral [4]. Month - to - Month Spread - The pattern of strong supply and weak demand combined with improved long - term expectations is expected to maintain the C structure [5]. External Market Support - The US - Asia arbitrage window has been continuously closed. In the first 10 days of August, 38,725 tons of pure benzene were imported from South Korea, a significant month - on - month decrease compared to July and a year - on - year low [5]. Regional Market Conditions Pure Benzene - In North America, there is a large amount of pure benzene inventory due to advance stocking in anticipation of tariffs and poor downstream demand. In Western Europe, traditional downstream demand is sluggish, and pure benzene profits have deteriorated, with Brazilian pure benzene possibly being resold to Europe. In Asia, the US - Asia arbitrage window is closed, and China's pure benzene demand remains stable [50]. Styrene - In North America, the spot market is weak, sellers are reluctant to sell due to low profits, and tariffs have weakened styrene's export competitiveness. In Western Europe, supply is relatively stable, but demand is weak. In Asia, China's downstream demand is stable, while demand outside China remains weak, and styrene production is in the red. Southeast Asian overhauls in August may tighten supply. The US - Europe arbitrage window is open, and the US - Asia arbitrage window is closed [110].

Core Viewpoint - The listing of pure benzene futures and options on July 8 provides enhanced risk management tools for the upstream and downstream of the industry chain, which is crucial given China's position as the largest producer and consumer of pure benzene globally [1][2]. Industry Overview - China accounts for 39% of global pure benzene production capacity and 43% of apparent consumption in 2024, with East China being the largest production and consumption area [1]. - The production capacity concentration in China is moderate, with the top three companies holding nearly 40% of the market share, where Sinopec alone accounts for 17.6% [2]. Pricing and Sales Mechanisms - Different scale refineries have varying sales methods for pure benzene, with large refineries primarily using contracts and pricing based on Sinopec's East China price [2]. - Trade enterprises often reference prices from sources like Argus and Platts for their pure benzene procurement, with imports mainly from South Korea and Southeast Asia [3]. Market Conditions and Outlook - The pure benzene market is currently experiencing a downturn due to insufficient downstream demand, but a supply-demand increase is expected in the second half of the year with over 1 million tons of new capacity planned [7]. - Inventory levels for pure benzene and styrene have risen to higher levels this year, with expectations of a de-inventory trend in August, followed by a potential accumulation in September and October [8]. Production and Operational Insights - The production processes for pure benzene are diverse, with catalytic reforming and ethylene cracking being the most significant methods [5]. - Maintenance cycles for pure benzene facilities typically occur every three years, with minor repairs having a limited impact on the market [6]. Futures Market Participation - Companies are increasingly engaging in futures trading for hedging purposes, with a notable number of enterprises participating in the pure benzene futures market [11]. - The introduction of pure benzene futures and options has enriched the risk management tools available to industry players, enhancing market liquidity [12].

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report - Supply of pure benzene is expected to increase on a month - on - month basis, but the small number of imported cargo arrivals may partially offset the domestic increase. Consumption of pure benzene is likely to rise on a month - on - month basis as the overhaul devices of the five major downstream industries of pure benzene restart intensively. In the long - term, there is an improving trend in the supply - demand of pure benzene, and the spot supply - demand gap may gradually shrink. Recently, international oil prices are weakly volatile, and technically, BZ2603 should focus on the support around 6100 [2]. 3. Summary by Relevant Catalogs Futures Market - The closing price of the main contract of pure benzene was 6179 yuan/ton, down 58 yuan; the settlement price was 6210 yuan/ton, down 40 yuan. The trading volume was 2318 lots, and the open interest was 14833 lots. The mainstream prices of pure benzene in different domestic markets varied, with some rising and some falling [2]. Spot Market - The spot price of pure benzene in South Korea's FOB intermediate price was 734 dollars/ton, down 6 dollars; the CFR intermediate price in China was 750.5 dollars/ton, down 4 dollars [2]. Upstream Situation - The spot price of Brent DTD crude oil was 66.97 dollars/barrel, down 0.64 dollars; the CFR intermediate price of naphtha in Japan was 563.5 dollars/ton, down 6.5 dollars [2]. Industry Situation - The capacity utilization rate of pure benzene was 78.14%, up 0.13 percentage points; the weekly output was 44.6 tons, up 1.03 tons. The port inventory was 16.3 tons, down 0.7 tons. The production cost was 5327.8 yuan/ton, down 118.2 yuan; the production profit was 737 yuan/ton, up 76 yuan [2]. Downstream Situation - The operating rates of downstream products of pure benzene varied. For example, the operating rate of styrene was 77.73%, down 1.19 percentage points; the capacity utilization rate of caprolactam was 95.72%, up 6.41 percentage points [2]. Industry News - From August 1st to 7th, the profit of PetroChina's benzene was 576 yuan/ton, down 67 yuan/ton compared with last week. As of August 11th, the commercial inventory of pure benzene ports in Jiangsu was 14.6 tons, down 10.43% from the previous period. BZ2603 fell 1.14% to close at 6179 yuan/ton. The capacity utilization rate of petroleum benzene increased by 0.21% to 78.79%, while that of hydrogenated benzene decreased by 3.29% to 59.66%. The weighted operating rate of downstream products of pure benzene decreased by 1.22% to 76.74%. The inventory of pure benzene in East China ports decreased by 10.43% to 14.6 tons [2].

Report Summary 1. Report Industry Investment Rating - Not provided in the content 2. Core Viewpoints - The supply of domestic pure benzene is expected to increase month - on - month, as domestic hydrobenzene plants have the expectation of commissioning and restarting, though the commercial volume of petroleum benzene lacks an increase. The small number of imported cargo arrivals may partially offset the domestic increase. Next week, the consumption of pure benzene is expected to rise month - on - month as the overhaul devices of the five major downstream industries of pure benzene will restart intensively. In the long - term, the new installed capacity of the downstream of pure benzene in August is higher than that of pure benzene, which gives an improvement trend to the supply - demand of pure benzene, and the spot supply - demand gap may gradually shrink. The international oil price is expected to fluctuate, and industrial products rose mainly during the day driven by macro - benefits. Technically, attention should be paid to the support around 6100 and the pressure around 6350 for BZ2603 [2] 3. Summary by Relevant Catalogs Futures Market - The closing price of the main pure benzene contract was 6250 yuan/ton, up 20 yuan; the settlement price was 6264 yuan/ton, up 33 yuan. The trading volume was 947 lots, and the open interest was 14400 lots, up 621 lots [2] Spot Market - In the domestic market, the mainstream prices of pure benzene in East China, South China, North China, and Northeast China were 6584 yuan/ton, 6115 yuan/ton, 6050 yuan/ton, and 6160 yuan/ton respectively. The prices of hydrobenzene in Jiangsu and Shanxi were 6250 yuan/ton and 6000 yuan/ton respectively. The offshore middle price of pure benzene in South Korea was 731 dollars/ton, down 2 dollars; the CFR middle price in China was 749.5 dollars/ton, up 3 dollars [2] Upstream Situation - The spot price of Brent DTD crude oil was 68.28 dollars/barrel, up 0.12 dollars; the CFR middle price of naphtha in Japan was 568 dollars/ton, down 2.5 dollars [2] Industry Situation - The capacity utilization rate of pure benzene was 78.14%, up 0.13 percentage points; the weekly output was 44.6 tons, up 1.03 tons. The port inventory of pure benzene was 16.3 tons, down 0.7 tons. The production cost was 5327.8 yuan/ton, down 118.2 yuan; the production profit was 737 yuan/ton, up 76 yuan [2] Downstream Situation - The开工率 of styrene was 77.73%, down 1.19 percentage points; the capacity utilization rates of caprolactam, phenol, aniline, and adipic acid were 95.72% (up 6.41 percentage points), 78.54% (down 0.46 percentage points), 69.24% (down 0.1 percentage points), and 64.3% (up 2 percentage points) respectively [2] Industry News - The Ministry of Finance, the Central Bank and other departments issued the Implementation Plan for the Loan Interest Subsidy Policy for Service Industry Business Entities to provide interest subsidies for eligible service industry business loans. China and the US agreed to suspend the implementation of a 24% tariff for 90 days starting from August 12, 2025. From August 1 to 7, the profit of petroleum benzene of CNPC was 576 yuan/ton, down 67 yuan/ton compared with the previous week. As of August 11, the commercial inventory of pure benzene in Jiangsu ports was 14.6 tons, down 10.43% [2]

格林大华期货研究院专题报告 期货研究院 | 能源化工研究员： | 吴志桥 | | --- | --- | | 从业资格证号： | F3085283 | | 交易咨询证号： | Z0019267 | 证监许可【2011】1288号 成文时间：2025年8月12日星期二 能源化工 2025年8月12日 华东纯苯产业调研报告（二） 摘要 格林大华期货交易咨询业务资格： 此次华东调研一共拜访13家企业，涵盖纯苯和苯乙烯上 下游生产企业和贸易商，调研结论如下： （1）库存方面，华东纯苯进口偏多导致库存略偏高， 山东炼厂的纯苯库存整体偏低。今年上半年下游 ABS 库存 去化，但 7-8 月社会库存又有累积，九月传统旺季来临需求 将有所增长；EPS 国内销售下降，但出口增加抵消部分国内 市场下滑。（2）行情展望方面，认为未来价格趋势不明朗， 更多精彩内容请关注格林大华期货官方微信 纯苯定价除自身供需外还会受到原油、宏观等因素影响。8 月纯苯内外盘倒挂，预期远期去库。纯苯产能释放供应端压 力渐增，供需面指引不强，整体预计略偏弱。（3）石油苯 和加氢苯价差方面，近年来两者价差逐渐缩小，价差在 30-50 元/吨附近较为合理。近 ...

Report Industry Investment Rating - Not provided Core Viewpoints - BZ2603 showed a fluctuating upward trend and closed at 6,230 yuan/ton. In the short term, the pure benzene price is supported. Technically, BZ2603 should focus on the support near 6,100 and the resistance near 6,350 [2]. - In the supply side, new plants of Yulong and Jingbo started production this week, and some plants in East China restarted. The capacity utilization rate of petroleum benzene increased by 0.21% week-on-week to 78.79%. The number of domestic hydrobenzene shutdown plants increased, and the capacity utilization rate of hydrobenzene decreased by 3.29% week-on-week to 59.66%. Domestic pure benzene supply is expected to increase week-on-week. The small number of imported cargo arrivals may partially offset the domestic increase [2]. - In the demand side, the operating rate of pure benzene downstream mainly decreased last week, and the weighted operating rate of pure benzene downstream decreased by 1.22% week-on-week to 76.74%. Next week, the five major downstream industries of pure benzene will have intensive restarts of maintenance plants, and the consumption of pure benzene is expected to increase week-on-week [2]. - In the long - term, the converted production capacity of new downstream plants of pure benzene in August is higher than that of pure benzene, which gives an improving trend to the supply - demand of pure benzene, and the spot supply - demand gap may gradually shrink [2]. - In terms of cost, affected by the continuous increase in production by OPEC+ and the remaining demand in the US fuel peak season, and with the upcoming meeting between the leaders of the US and Russia, international oil prices are expected to fluctuate [2]. Summary by Related Catalogs Futures Market - The closing price of the main contract of pure benzene was 6,230 yuan/ton, with a week - on - week increase of 26 yuan/ton; the settlement price was 6,231 yuan/ton, with no change. The trading volume was 5,637 lots, an increase of 522 lots; the open interest was 13,779 lots, a decrease of 422 lots [2]. Spot Market - The mainstream price of pure benzene in the East China market was 6,115 yuan/ton, with no change; in the North China market, it was 6,160 yuan/ton, with no change; in the South China market, it was 6,050 yuan/ton, with no change; in the Northeast region, it was 6,135 yuan/ton, a decrease of 10 yuan/ton. The spot price of pure benzene in South Korea's FOB was 733 US dollars/ton, a decrease of 4 US dollars/ton; the CIF price in China was 746.5 US dollars/ton, a decrease of 3 US dollars/ton [2]. Upstream Situation - The spot price of Brent DTD crude oil was 68.16 US dollars/barrel, an increase of 0.13 US dollars/barrel. The CFR intermediate price of naphtha in the Japanese region was 570.5 US dollars/ton, a decrease of 0.5 US dollars/ton [2]. Industry Situation - The capacity utilization rate of pure benzene was 78.14%, an increase of 0.13 percentage points. The weekly output was 44.6 tons, an increase of 1.03 tons. The port inventory of pure benzene was 16.3 tons, a decrease of 0.7 tons. The production cost was 5,327.8 yuan/ton, a decrease of 118.2 yuan/ton. The production profit was 737 yuan/ton, an increase of 76 yuan/ton [2]. Downstream Situation - The operating rate of styrene was 77.73%, a decrease of 1.19 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 point; the capacity utilization rate of adipic acid was 64.3%, an increase of 2 percentage points [2]. Industry News - From August 1st to 7th, the profit of PetroChina's pure benzene was 576 yuan/ton, a decrease of 67 yuan/ton compared with last week [2]. - As of August 11th, the total commercial inventory of pure benzene in Jiangsu ports was 14.6 tons, a decrease of 10.43% from the previous period [2].