April 10th News
On April 10, Jiangsu Xinhai Petrochemical Co., Ltd. reduced its quotation for pure benzene (petroleum benzene) by 200 yuan, with the latest price set at 8,355 yuan/ton. Specific transaction details are subject to negotiation.

Chempricehub Analysis of Pure Benzene
Bull-Bear Score: -1
The spot price of pure benzene has been lowered by 200 yuan to 8,355 yuan/ton, reflecting ample market supply or weak demand, which is bearish for spot prices. Considering the pure benzene futures data from the Dalian Commodity Exchange, such as the closing price of the 2605 contract at 8,415 yuan (change: -12) and the 2606 contract at 8,297 yuan (change: +2), the decline in spot prices may narrow the futures-spot spread and increase bearish sentiment in the futures market. It is expected that futures prices will face downward pressure in the short term.