On February 9, Dongying Fuhai Weilian Petrochemical reduced the ex-factory price of pure benzene (petroleum benzene) by 50 yuan, with the latest quotation at 6,053 yuan/ton. PriceSeek's analysis of pure benzene indicates a bearish score of -1. The reduction in the ex-factory price of pure benzene by Dongying Fuhai Weilian Petrochemical to 6,053 yuan/ton reflects ample supply or weak demand in the spot market, directly exerting downward pressure on spot prices and potentially leading to overall market price pressure. Combined with futures data, pure benzene contracts such as 2603 closed at 6,024 yuan (down 21 yuan), and 2604 closed at 6,054 yuan (down 11 yuan), indicating a general decline in futures prices. Limited changes in open interest suggest a bearish market sentiment. The reduction in spot prices may reinforce the downward trend in futures, with an overall impact of moderate bearishness.
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