March 6, 2024 — On March 6, Dongying Fuhai Weilun Petrochemical raised the ex-factory price of pure benzene (petroleum benzene) by 400 yuan, with the latest quotation at 7,603 yuan per ton. Chempricehub’s analysis of pure benzene shows a bullish-bearish score of 2. The increase of 400 yuan in the ex-factory price of pure benzene to 7,603 yuan per ton indicates tightening spot market supply or strong demand, which is favorable for spot prices. Combined with futures data, such as the closing price of the 2604 contract at 7,546 yuan per ton, a daily increase of 361 yuan, and a significant rise in trading volume, it suggests strong bullish sentiment in the market, with expectations that futures prices will continue to rise.