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Chempricehub Important Notice: Jiangsu Xinhai Petrochemical's Benzene Quotation Increased by 70 Yuan
Published on 2026-02-25
February 25th News: On February 25th, Jiangsu Xinhai Petrochemical Co., Ltd. raised its pure benzene (petroleum benzene) quotation by 70 yuan, with the latest quotation at 6,175 yuan/ton. Specific orders are subject to negotiation. Chempricehub's analysis of pure benzene shows a long-short score of 1.5. Jiangsu Xinhai Petrochemical's spot quotation for pure benzene increased by 70 yuan/ton to 6,175 yuan/ton, indicating tightening market supply or strengthening demand, which directly benefits spot prices. Combined with data from the Dalian Commodity Exchange's pure benzene futures, multiple contracts such as 2603 (up 137 yuan) and 2604 (up 156 yuan) closed significantly higher yesterday, with increased open interest (e.g., 2605 open interest change +292), indicating strong market bullish sentiment. The upward adjustment in spot quotations reinforces expectations of futures price increases, and it is expected that short-term futures prices will be further supported and rise.