March 31, 2024 — On March 31, Dongying Fuhai Weilian Petrochemical raised the ex-factory price of pure benzene (petroleum benzene) by 100 yuan, with the latest quotation reaching 8,703 yuan per ton. Chempricehub's analysis of pure benzene indicates a bullish-bearish score of 1. The article shows that the ex-factory price of pure benzene has increased by 100 yuan to 8,703 yuan per ton, suggesting tightening supply or strengthening demand in the spot market, which directly supports the upward movement of spot prices. Combined with recent data on pure benzene futures contracts, such as the upward trend in the main contract of the Dalian Commodity Exchange (e.g., the settlement price of the 2605 contract at 9,044 yuan per ton), the increase in spot prices is expected to further boost bullish sentiment in the futures market, driving up the prices of forward contracts.
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