February 11th News On February 11, Jiangsu New Sea Petrochemical Co., Ltd. lowered its quotation for pure benzene (petroleum benzene) by 50 yuan, with the latest quotation at 6,005 yuan/ton. Actual transaction prices are subject to negotiation. Chempricehub Analysis of Pure Benzene, Bull-Bear Score: -1 The article indicates that Jiangsu New Sea Petrochemical’s spot quotation for pure benzene has been lowered by 50 yuan to 6,005 yuan/ton, suggesting an oversupply or weak demand in the spot market, which directly exerts downward pressure on the spot price of pure benzene, constituting a general bearish factor. Combined with futures data, the main pure benzene contract on the Dalian Commodity Exchange (e.g., the 2603 contract closing at 6,130 yuan/ton, up 58 yuan) mostly rose during the day, reflecting short-term strength in the futures market. However, the reduction in the spot quotation may weaken the basis (spot price below futures price), potentially suppressing future gains in futures prices and increasing arbitrage pressure. Overall, the impact is neutral to bearish.