March 2nd News On March 2nd, Jiangsu Xinhai Petrochemical Co., Ltd. raised its quotation for pure benzene (petroleum benzene) by 50 yuan, with the latest quotation reaching 6,355 yuan/ton. Specific transaction prices are subject to negotiation. Chempricehub Analysis of Pure Benzene, Bull-Bear Score: 1.5 Jiangsu Xinhai Petrochemical's increase of 50 yuan in its pure benzene quotation to 6,355 yuan/ton reflects the current tight supply or increased demand in the spot market, which is favorable for the spot price of pure benzene. At the same time, based on recent futures market data (as of February 27, 2026), the closing price of pure benzene futures contracts, such as the 2604 contract, was 6,125 yuan/ton (lower than the spot price). This upward movement in the spot price may attract arbitrage buying, driving a rebound in futures prices, particularly providing support for near-month contracts. Overall, this has a strong positive impact on commodity prices.