January 14th News
On January 14th, Jiangsu Xinhai Petrochemical Co., Ltd. raised its quotation for pure benzene (petroleum benzene) by 50 yuan, with the latest quotation at 5405 yuan/ton. Specific orders are subject to detailed negotiation.
Chempricehub Analysis of Pure Benzene
Bull-Bear Score: 1
The article reports that Jiangsu Xinhai Petrochemical has raised its spot quotation for pure benzene by 50 yuan to 5405 yuan/ton, indicating tight supply or increased demand in the spot market, which is favorable for spot prices of pure benzene. Combined with data from the Dalian Commodity Exchange’s pure benzene futures (e.g., contract 2603 closing price at 5584 yuan, change +21; contract 2604 closing price at 5638 yuan, change +31), the rise in spot prices may further drive up futures prices, supporting market bullish sentiment. However, the increase is relatively moderate, representing a general positive factor.
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