May 9 News
On May 9, Jiangsu Xinhai Petrochemical Co., Ltd. reduced its benzene (petroleum benzene) quotation by 100 RMB/ton, with the latest price at 8,505 RMB/ton (negotiable for actual orders).

Chempricehub Analysis on Benzene:
Bull/Bear Score: -1

Spot Market:
On May 9, Jiangsu Xinhai Petrochemical lowered its benzene quotation by 100 RMB/ton to 8,505 RMB/ton. The supply side is actively cutting prices to offload inventory, exerting a generally bearish influence on spot benzene prices.

Futures Market:
On May 8, the main contract for benzene (2606) on the Dalian Commodity Exchange closed at 8,032 RMB/ton, down 271 RMB/ton from the previous trading day. The overall futures market weakened, with bearish forces dominating, suppressing the price trend of futures.