April 1, News: On April 1, Jiangsu Xinhai Petrochemical Co., Ltd. lowered its quotation for pure benzene (petroleum benzene) by 200 yuan, with the latest quotation at 8,605 yuan/ton. Actual transaction prices are subject to negotiation. Chempricehub analysis of pure benzene, long-short score: -1.5. The spot price decreased by 200 yuan/ton to 8,605 yuan/ton, reflecting increased supply pressure or weak demand in the market, forming a significant bearish signal. Combined with futures market conditions, near-month contracts such as the 2605 settlement price at 8,911 yuan/ton (down 133 yuan) and the 2606 settlement price at 8,792 yuan/ton (down 133 yuan) generally declined. Changes in open interest indicate some capital outflow, while shrinking trading volume suggests a strengthening bearish sentiment in the market. It is expected that both spot and futures prices of pure benzene will face pressure in the short term, with downside risks intensifying.
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