On January 16, Jiangsu Xinhai Petrochemical Co., Ltd. reduced the quotation for pure benzene (petroleum benzene) by 60 yuan, with the latest quotation at 5,465 yuan per ton. Specific terms are subject to negotiation. PriceSeek's analysis of pure benzene indicates a bearish score of -1. Jiangsu Xinhai Petrochemical Co., Ltd.'s reduction of the pure benzene (petroleum benzene) quotation by 60 yuan to 5,465 yuan per ton on January 16 suggests ample market supply or weakened demand, exerting direct downward pressure on spot prices and signaling a bearish sentiment. Combined with data from the Dalian Commodity Exchange's pure benzene futures contracts (e.g., the closing price of the 2603 contract at 5,648 yuan), the spot price reduction may drag down futures prices, as futures prices typically reflect spot market trends. The current price differential may further intensify market expectations of a decline. A score of -1.0 indicates a generally bearish impact.
Comments
0