全球化工市场要情 2026年第13期(总37期)
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全球化工市场要情
Global Chemical Market Highlights
2026年第13期（总37期）
Issue #13, 2026 (Total 37)
中文版
一、
全球化工市场要情
01
韩国政府禁止囤积七类基础石化原料
4月14日，韩国产业通商部和财政经济部宣布以石脑油为原料生产的乙烯、丙烯、丁二烯、苯、甲苯、二甲苯及其他馏分等七类基础化工原料被列为禁止囤积对象。制造或进口这七种原料的企业库存水平不得超过去年的80%。韩国政府表示，在利用基础化工原料生产的产品中，如发现存在供需失衡风险的原料或产品，将通过部门间协商扩大禁止囤积的范围，以迅速应对市场变化。
02
国际能源署下调全球石油需求预期
4月14日，国际能源署（IEA）发布的月度报告中，将2026年全球石油日均需求下调8万桶，预计今年二季度全球石油日均需求下降150万桶，为疫情以来最大季度降幅。受中东冲突及霍尔木兹海峡通航受限影响，3月全球石油日均供应减少1010万桶，降至9700万桶/日，同期库存减少8500万桶。高油价与供应收紧压制消费，需求走弱集中在亚太、中东，涉及石脑油、液化石油气（LPG）、航空煤油等。IEA指出，恢复霍尔木兹海峡通航是稳定供应、抑制油价的关键，若冲突持续，全球能源市场将面临持续高风险。
03
印度信实工业获准直采委内瑞拉原油
近日，印度信实工业已开始直接向委内瑞拉国家石油公司（PDVSA）采购200万桶Merey重质原油，成为今年1月美国与委内瑞拉石油协议重启后少数获许直采的企业之一。信实美国子公司租用的“Helios”号超大型油轮已在何塞码头装货，目的地为印度锡卡港。航运数据显示，2月底委对印石油出口恢复，初期由雪佛龙、托克、嘉能可等贸易商分销；出口量从2月的3.5万桶/日飙升至3月的34.2万桶/日，呈现大幅去库存、装船提速的态势。全球能源供应格局再添新变量。
二、
主要化工产品市场动态
石脑油CFR日本下跌6.9%至1041.1美元/吨
装置及市场动态：本周，亚洲石脑油市场弱势回调，主要受原油支撑力度减弱影响。区域供应整体偏紧，外部货源补充有限，叠加炼厂开工受原油波动影响稳定性不足，预计 4-5 月供应紧张格局仍将延续。
乙烯CFR东北亚下跌0.8%至1435美元/吨
装置及市场动态：本周，亚洲乙烯市场呈现窄幅波动的态势。受石脑油短缺影响，裂解装置负荷维持低位，现货供应持续偏紧；不过下游产品利润承压，买家采购心态谨慎，部分买家对海外套利货源持观望态度。在供需博弈的背景下，市场交投陷入僵持，临近周末受实际成交带动，价格小幅回升。
纯苯FOB韩国上涨0.3%至1153.4美元/吨
装置及市场动态：本周，纯苯市场在地缘局势主导下呈现区间震荡态势。周初冲突升级推升避险情绪，价格小幅上行；后半周和谈预期升温，市场情绪回落，价格跟随原油窄幅整理。美国市场前期因供应偏紧支撑价格走高，后期随着海外货源到港，供应紧张局面有所缓解。
对二甲苯CFR中国下跌3.7%至1197.8美元/吨
装置及市场动态：本周，国际PX市场震荡偏强，亚洲、欧洲、美国市场同步走强。尽管原油价格下行削弱了成本支撑，但亚洲部分装置因不可抗力因素影响，区域开工率维持低位，叠加国内二季度检修计划集中，市场对供应收紧的预期持续升温，有效提振了买盘积极性，支撑市场逆势偏强运行。
English Version
Ⅰ、
Global Chemical Market Brief
01
South Korean Government Bans Hoarding of Seven Types of Basic Petrochemical Raw Materials
On April 14, South Korea's Ministry of Trade, Industry and Energy and the Ministry of Economy and Finance announced that seven types of basic chemical raw materials—ethylene, propylene, butadiene, benzene, toluene, xylene, and other fractions produced from naphtha—have been designated as prohibited items for hoarding. Companies that manufacture or import these seven raw materials must keep their inventory levels below 80% of the previous year's levels. The South Korean government stated that if raw materials or products derived from these basic petrochemical raw materials are found to pose risks of supply-demand imbalance, the scope of the hoarding ban will be expanded through inter-ministerial consultations to respond swiftly to market changes.
02
International Energy Agency Lowers Global Oil Demand Forecast
03
India's Reliance Industries Authorised to Directly Purchase Venezuelan Crude Oil
Recently, India's Reliance Industries has begun directly procuring 2 million barrels of Merey heavy crude oil from Venezuela's state-owned oil company PDVSA, making it one of the few companies permitted to make direct purchases since the U.S.-Venezuela oil agreement was restarted in January of this year. The "Helios" very large crude carrier (VLCC), chartered by Reliance's U.S. subsidiary, has loaded cargo at the José terminal, with its destination being the Sikka port in India. Shipping data shows that Venezuela's oil exports to India resumed at the end of February, initially distributed by traders such as Chevron, Trafigura, and Glencore; export volumes surged from 35,000 barrels per day in February to 342,000 barrels per day in March, indicating a significant drawdown of inventories and faster loading times. This development adds a new variable to the global energy supply landscape.
Ⅱ、
Market Dynamics of Major Chemical Products
Naphtha CFR Japan fell by 6.9% to $1,041.1/tonne
Plant and Market Dynamics: This week, the Asian naphtha market experienced a weak pullback, mainly due to weakening support from crude oil. Regional supply remained relatively tight, with limited replenishment from external sources. Additionally, refinery operating rates were unstable due to fluctuations in crude oil prices. The supply tightness is expected to continue through April to May.
Ethylene CFR Northeast Asia fell by 0.8% to $1,435/tonne
Plant and Market Dynamics:This week, the Asian ethylene market showed a narrow range of fluctuations. Due to naphtha shortages, cracker operating rates remained low, and spot supply continued to be tight. However, downstream product profits came under pressure, leading buyers to adopt a cautious purchasing stance, with some buyers taking a wait-and-see approach toward overseas arbitrage cargoes. Amid the supply-demand tug-of-war, market transactions reached an impasse. Toward the end of the week, prices edged up slightly, driven by actual transactions.
Benzene FOB South Korea rose by 0.3% to $1,153.4/tonne
Plant and Market Dynamics: This week, the benzene market fluctuated within a range, dominated by geopolitical developments. At the beginning of the week, escalating conflicts heightened risk aversion, pushing prices slightly higher. In the latter half of the week, as expectations for peace talks grew, market sentiment cooled, and prices followed crude oil in narrow consolidation. In the U.S. market, prices had previously risen due to tight supply, but the supply tightness later eased as overseas cargoes arrived at ports.
Paraxylene CFR China fell by 3.7% to $1,197.8/tonne
Plant and Market Dynamics:This week, the international PX market was volatile but with a stronger bias, with markets in Asia, Europe, and the United States moving higher in tandem. Although falling crude oil prices weakened cost support, some Asian units were affected by force majeure events, keeping regional operating rates low. Coupled with concentrated maintenance plans in the second quarter in China, market expectations of supply tightening continued to grow, effectively boosting buyer sentiment and supporting the market to move against the broader trend.
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