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Chempricehub Alert: Jiangsu Xinhai Petrochemical's Benzene Quotation Raised
Published on 2026-01-12
January 12 News: On January 12, Jiangsu Xinhai Petrochemical Co., Ltd. raised its quotation for pure benzene (petroleum benzene) by 30 yuan, with the latest quotation at 5,335 yuan/ton. Specific terms are subject to negotiation. Chempricehub's analysis of pure benzene, with a bullish-bearish score of 1: The spot quotation increased by 30 yuan to 5,335 yuan/ton, indicating stronger market demand or tightening supply, which directly benefits spot prices and may boost activity in the spot market. Combined with the recent performance of pure benzene futures (e.g., the main contract 2603 closed at 5,479 yuan, with a change of -9), the rise in spot prices is expected to support a rebound in the futures market, particularly providing positive momentum for near-month contracts. Futures prices are anticipated to benefit from the improvement in spot market fundamentals.