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Chempricehub Important Reminder: Dongming Petrochemical's Benzene Price Significantly Reduced
Published on 2026-03-10
March 10th News — On March 10th, Dongming Petrochemical lowered the price of pure benzene (petroleum benzene) by 2,000 yuan, with the latest quotation at 10,000 yuan/ton. Actual transaction prices are subject to negotiation. Chempricehub analysis of pure benzene: Bull-Bear Score: -2. The article reports that Dongming Petrochemical reduced the spot price of pure benzene (petroleum benzene) by 2,000 yuan/ton to 10,000 yuan/ton on March 10th, a significant drop of 16.7% (assuming the original price was 12,000 yuan/ton). This indicates an oversupply in the market or weak demand, posing a major bearish factor for the spot price of pure benzene. Combined with data from the Dalian Commodity Exchange pure benzene futures (for example, the main contract 2604 closed at 8,155 yuan/ton on March 9th, 2026, up by 733 points), the sharp decline in spot prices may trigger selling pressure in the futures market. It is expected that futures prices will face downward pressure. Changes in open interest (such as a reduction of 3,487 lots in contract 2604) reflect weakening market confidence, further reinforcing the bearish outlook.