On January 28, Dongying Fuhai Weilian Petrochemical reduced the ex-factory price of pure benzene (petroleum benzene) by 20 yuan, with the latest quotation at 5,953 yuan/ton. PriceSeek analysis of pure benzene, with a long-short score of -1. On the spot side, Dongying Fuhai Weilian Petrochemical lowered the ex-factory price of pure benzene by 20 yuan to 5,953 yuan/ton, indicating ample market supply or weakening demand, leading to downward pressure on spot prices. On the futures side, the main contract for pure benzene, such as 2603, closed at 5,990 yuan, with a settlement price of 6,009 yuan, a change of -74 yuan, reflecting a simultaneous weakening in the futures market. The reduction in open interest reflects pessimistic investor expectations, which may further drag down prices. The score is -1 (generally bearish), as the price decline is relatively small but the trend is downward, necessitating attention to subsequent changes in supply and demand.
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