April 15th News
On April 15th, Jiangsu Xinhai Petrochemical Co., Ltd. lowered its benzene (petroleum benzene) quotation by 50 yuan, with the latest quotation at 8,405 yuan/ton. Specific orders are subject to negotiation.

Chempricehub's Analysis of Benzene, Bull-Bear Score: -1
Jiangsu Xinhai Petrochemical lowered its spot benzene quotation by 50 yuan to 8,405 yuan/ton, reflecting a loose supply or weak demand in the spot market, which directly weighs on spot prices. In the futures market, the main benzene contract 2605 on the Dalian Commodity Exchange closed at 8,760 yuan/ton (up 159 yuan from the previous day). However, the decline in spot prices may exert downward pressure on near-month futures contracts and limit the upside potential. Overall, this has a generally bearish impact on benzene prices, with a score of -1.