April 16th, 2024 — On April 16, Jiangsu Xinhai Petrochemical Co., Ltd. raised the quotation for pure benzene (petroleum benzene) by 100 yuan, with the latest quotation reaching 8,505 yuan/ton. Specific transaction details are subject to negotiation. Chempricehub analysis of pure benzene: Bull-Bear Score: 1.5. Jiangsu Xinhai Petrochemical’s spot quotation for pure benzene increased by 100 yuan to 8,505 yuan/ton, reflecting tight market supply or increased demand, which is favorable for spot prices. Combined with futures data, the main contract 2605 on the Dalian Commodity Exchange closed at 8,757 yuan, up 82 yuan, with a trading volume of 13,836 lots and an open interest of 16,379 lots. This indicates a simultaneous rise in the futures market, reinforcing bullish expectations and having a significant positive impact on futures prices.