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Chempricehub Key Reminder: Xin Hai Petrochemical's Benzene Quotation Raised by 450 Yuan
Published on 2026-03-06
March 6th News: On March 6th, Jiangsu Xinhai Petrochemical Co., Ltd. raised the quotation for pure benzene (petroleum benzene) by 450 yuan, with the latest quotation at 7,455 yuan/ton. Specific details for actual orders are subject to negotiation. Chempricehub's analysis of pure benzene, with a bullish-bearish score of +2: Jiangsu Xinhai Petrochemical has increased the pure benzene quotation by 450 yuan to 7,455 yuan/ton, a significant increase (approximately 6.4%). This reflects tight supply or strong demand in the spot market, constituting a major positive factor. Combined with futures market data, such as the settlement price of the 2605 contract at 7,039 yuan (March 5th, 2026), the spot premium is evident, which may drive futures contract prices upward, benefiting the futures market. The overall score is +2, based on the direct support from the substantial increase in spot prices and the positive linkage expectations with the futures market.