January 15th News
On January 15th, Jiangsu Xinhai Petrochemical Co., Ltd. raised the quotation for pure benzene (petroleum benzene) by 120 yuan, with the latest quotation at 5,525 yuan/ton. Specific details 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 120 yuan to 5,525 yuan/ton, reflecting tight supply or increased demand in the spot market, which is favorable for spot prices. Combined with the recent general upward trend in pure benzene futures contracts (e.g., the 2603 contract closed at 5,707 yuan, up 115 yuan), the spot price increase may strengthen bullish expectations in the futures market, driving futures prices further upward. The score is +1.5, as the increase is significant but not a major event, falling under the category of a notable positive development.