January 30th News
On January 30th, Jiangsu Xinhai Petrochemical Co., Ltd. increased its pure benzene (petroleum benzene) quotation by 50 yuan, with the latest quotation at 6,085 yuan/ton. Specific orders 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 50 yuan to 6,085 yuan/ton, reflecting tight supply or increased demand in the spot market, which is favorable for spot prices. Combined with futures data, the main pure benzene contract 2603 closed at 6,161 yuan/ton, up 64 yuan, with a trading volume of 55,113 lots and an open interest of 31,570 lots, indicating an upward trend. The spot price adjustment may further support the upward movement of futures prices. Score: +1.5 (moderate to significant positive), as the increase is moderate and futures data reinforce bullish expectations.