January 13th News
On January 13th, Jiangsu Xinhai Petrochemical Co., Ltd. raised the price of pure benzene (petroleum benzene) by 20 yuan, with the latest quotation at 5,355 yuan/ton. Specific prices are subject to negotiation.
Chempricehub's analysis of pure benzene, with a long-short rating of 1:
Jiangsu Xinhai Petrochemical's spot price for pure benzene has increased by 20 yuan to 5,355 yuan/ton, indicating tightening supply or improving demand in the spot market, which directly supports spot prices. Combined with futures market data, the main contracts for pure benzene, such as the 2603 contract closing at 5,573 yuan (up 79 yuan) and the 2604 contract closing at 5,629 yuan (up 85 yuan), show a sustained upward trend in near-term contracts. The spot price increase may reinforce bullish sentiment in the market, driving futures prices further upward and providing support for pure benzene futures prices.
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