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Chempricehub Alert: The quotation for pure benzene from Xinhai Petrochemical has been reduced by 30 yuan.
Published on 2026-02-06
February 6th News: On February 6th, Jiangsu Xinhai Petrochemical Co., Ltd. reduced its quotation for pure benzene (petroleum benzene) by 30 yuan, with the latest quotation at 6,125 yuan per ton. Specific terms are subject to negotiation. Chempricehub's analysis of pure benzene, with a bullish-bearish score of -1: The article reports that Jiangsu Xinhai Petrochemical's spot quotation for pure benzene has been lowered by 30 yuan to 6,125 yuan per ton, indicating ample market supply or weak demand, putting downward pressure on spot prices and constituting a bearish factor. Combined with pure benzene futures data, the settlement price of the main contract 2603 on February 5th was 6,182 yuan per ton. Today's decline in spot prices may transmit to the futures market, triggering expectations of price declines. In particular, the recent reduction in open interest for near-month contracts suggests weakening market confidence, thus also exerting bearish pressure on futures prices. The overall score is -1, indicating a generally bearish outlook.