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Chempricehub Alert: Shutdown of Xinyue Pure Benzene in Wudi Leads to Reduced Supply
Published on 2026-01-29
January 28th News: On January 28th, the Wudi Xinyue Benzene Plant halted its 70,000-ton-per-year unit, with an expected restart in February. Chempricehub's analysis of benzene indicates a bullish-bearish score of +1. The shutdown of the 70,000-ton-per-year unit at Wudi Xinyue Benzene Plant, scheduled to restart in February, is expected to reduce short-term supply by approximately 70,000 tons, which is favorable for spot benzene prices and may drive up market quotations. Combined with 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 rating is moderately bullish +1, as the impact, while significant, is temporary and likely to ease after the restart.