Paraffin futures at ¥3,650/t (–1.62%); petcoke inventory utilization 82% (+1.3pct); East China tankage 92% constrains export loading. Brent–WTI spread narrowed to $9.43; CNY strength fails to offset domestic demand weakness.

Paraffin futures at ¥3,650/ton (+1.42%), export margin turned positive; petcoke port inventory rate rose to 87%, with 213,000 tons congested at East China ports. Brent-FO spread narrowed to $22.1/bbl, supporting paraffin cracking economics.