ChemPriceHub Alert: Shutdown at Wudi Xinyue Benzene Plant Reduces Supply

On January 28, the 70,000-ton per year pure benzene unit at Xinyue Pure Benzene Plant in Wudi was shut down and is expected to restart in February. PriceSeek's analysis of pure benzene, with a long-short score of 1: The shutdown of the 70,000-ton per year pure benzene unit at Xinyue Pure Benzene Plant in Wudi, expected to restart in February, will result in a short-term supply reduction of approximately 70,000 tons. This is favorable for spot prices of pure benzene and may drive up market quotations. Combined with pure benzene futures data, recent contracts such as 2603 closed at 5,990 yuan/ton (down 74 yuan), and 2604 closed at 6,043 yuan/ton (down 70 yuan), indicating a downward trend. However, this supply disruption news may alleviate downward pressure and support a rebound in futures prices due to market concerns over short-term supply shortages. The score is moderately positive +1, as the impact is significant but temporary, and may ease after the restart.