Lead: May 26, pure benzene East China fell to 8,000 yuan/t (-170). Downstream losses widespread. PVC social inventory at 320K t (+18% YoY). Supply-demand both weak.
I. Pure Benzene: Oil Crash + Weak Demand
East China pure benzene: 8,000 yuan/t (-170). Shandong: 8,100 yuan/t (-235). WTI crash (-7%) dragged benzene lower. Downstream sector losses persist.
Pure Benzene Prices
| Market | May 26 | Change |
|---|---|---|
| East China | 8,000 yuan/t | -170 |
| Shandong | 8,100 yuan/t | -235 |
Market Survey
| View | % | Magnitude |
|---|---|---|
| Continue lower | 75% | -50~-150 |
| Stable | 25% | - |
II. PVC: High Inventory Pattern
PVC East China SG-5: 4,868.57 yuan/t (-1.22% daily). Social inventory 320K t (+18% YoY). High inventory keeps price under pressure.
III. Outlook
Benzene: East China 7,800-8,200 yuan/t, range-bound and weak. Watch oil and styrene.
PVC: East China SG-5 5,500-5,800 yuan/t, weak. Suggest rigid-demand procurement.
