May 19 – On May 19, Shandong Wantong Petrochemical Group raised the price of benzene (petroleum benzene) by 70 yuan, with the latest offer at 8,357 yuan/ton. Actual orders negotiable.

Chempricehub Review of Benzene – Bullish-Bearish Score: 1

Spot market: On May 19, Shandong Wantong increased its ex-factory price of benzene by 70 yuan/ton to 8,357 yuan/ton. The rise in spot quotes provides positive support to benzene spot prices, benefiting spot trading.

Futures market: On May 18, the DCE main benzene contract 2607 closed at 8,180 yuan/ton, up 176 yuan/ton from the previous day, with open interest increasing by 959 lots. The spot price hike further bolsters futures prices, reflecting a generally strong market trend.