April 8th News
On April 8th, Dongming Petrochemical reduced the price of pure benzene (petroleum benzene) by 150 yuan, with the latest quotation at 8,500 yuan/ton. Specific prices are subject to negotiation.
Chempricehub Analysis of Pure Benzene, Bull-Bear Score: -1.5
Dongming Petrochemical lowered the spot price of pure benzene by 150 yuan to 8,500 yuan/ton, reflecting oversupply or weak demand in the market, which directly weighs on the spot market. Combined with futures data, the main pure benzene contracts on the Dalian Commodity Exchange, such as the 2605 contract closing at 8,290 yuan (down 516 yuan) and the 2606 contract closing at 8,160 yuan (down 475 yuan), indicate a continued decline in futures prices. Changes in open interest show a reduction in some contracts, suggesting increased bearish sentiment in the market. Against the backdrop of overall loose supply and demand, prices are expected to remain weak in the short term. It is recommended to monitor inventory and downstream demand changes.