March 17th News
On March 17th, Jiangsu Xinhai Petrochemical Co., Ltd. lowered its quotation for pure benzene (petroleum benzene) by 200 yuan, with the latest quotation at 8,605 yuan/ton. Actual transaction prices are subject to negotiation.

Chempricehub Analysis of Pure Benzene
Bull-Bear Score: -1
The spot quotation for pure benzene has been lowered by 200 yuan to 8,605 yuan/ton, indicating ample market supply or weakening demand, exerting direct downward pressure on spot prices. Combined with pure benzene futures data from the Dalian Commodity Exchange, such as the 2605 contract (latest closing price: 8,510 yuan, up 215 yuan), the reduction in spot prices may raise concerns about looser supply and demand in the futures market, putting pressure on futures prices, particularly affecting expectations for near-month contracts. The score is -1 (generally bearish), as the reduction is significant but not extreme, representing a short-term bearish signal.