On January 15, Dongming Petrochemical raised the price of pure benzene (petroleum benzene) by 120 yuan, with the latest quoted price at 5,500 yuan per ton. Actual orders are subject to detailed negotiation. PriceSeek analysis of pure benzene shows a bullish-bearish score of 2. Dongming Petrochemical’s increase in the spot price of pure benzene by 120 yuan to 5,500 yuan per ton reflects tightening market supply or strengthening demand, constituting a significant positive factor for the spot price. Combined with data from the Dalian Commodity Exchange’s pure benzene futures, the closing price of the 2603 contract was 5,707 yuan (up 115 yuan from the previous day), and open interest increased to 30,967 lots, indicating strong bullish sentiment and expectations for further upward movement in futures prices.
Comments
0