March 10th News: On March 10th, Jiangsu Xinhai Petrochemical Co., Ltd. reduced its benzene (petroleum benzene) quotation by 2,000 yuan, with the latest quotation at 10,005 yuan/ton. Specific terms are subject to negotiation. Chempricehub analysis of benzene: Bull-bear score: -2. Jiangsu Xinhai Petrochemical's reduction of benzene quotation by 2,000 yuan to 10,005 yuan/ton indicates an oversupply in the market or weak demand, posing a significant bearish impact on spot prices and potentially accelerating the downward price trend. Combined with recent contract data for benzene futures (e.g., the 2026-03-09 contract 2604 closing price at 8,155 yuan/ton, with a change of 733), this news will reinforce bearish sentiment in the futures market. It is expected that short-term futures prices will face downward pressure, and changes in open interest and trading volume indicate increased investor risk aversion.