March 5th News — On March 5th, Dongying Fuhai Weilian Petrochemical announced an increase of 500 yuan in the ex-factory price of pure benzene (petroleum benzene), with the latest quotation reaching 7,203 yuan per ton. According to Chempricehub's analysis of pure benzene, the bullish-bearish score is 2. The ex-factory price of pure benzene has been raised by 500 yuan to 7,203 yuan per ton, reflecting tight supply or strong demand in the spot market, which constitutes a significant positive factor for spot prices. Considering the latest market conditions of pure benzene futures contracts on the Dalian Commodity Exchange, such as the closing price of 7,251 yuan per ton for the 2604 contract and 7,218 yuan per ton for the 2605 contract, this price increase may strengthen market bullish expectations and drive futures prices further upward, as futures prices typically follow spot market trends.
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