20251111-通惠期货-纯苯_苯乙烯日报_纯苯进口量超预期_仍将弱势震荡_苯乙烯或跟跌_7页_1mb

Pure Benzene (纯苯):
Supply remains strong due to high imports, with domestic output limited by manteins, despite some potential increases if quota issues are resolved. Demand is weak, as downstream sectors show limited recovery, and inventories are high. Prices are expected to oscillate with a weak trend, supported by current low valuations but no fundamental reversal.

Styrene (苯乙烯):
Supply is tightening in November due to manteins at key plants, leading to expected inventory draws. Demand shows some回暖 in the 3S sector, but high inventories and weak fundamentals keep prices steady. Market sentiment is cautious, with potential volatility based on future mantein schedules and demand recovery.

Key Market Data:
Recent prices: Pure benzene stable, styrene slightly down; high inventories for both, indicating supply-demand imbalance. Upstream factors, like crude oil prices, add uncertainty.

Outlook and Recommendations:
Pure benzene: Focus on import trends and downstream demand. Styrene: Monitor mantein timings and inventory levels; fundamentals support modest oscillations.