May 07 News
On May 7, Shandong Wantong Petrochemical Group lowered its price for benzene (petroleum benzene) by 50 yuan/ton, with the latest quotation at 8,587 yuan/ton. Actual transaction prices are subject to negotiation.

Chempricehub Analysis on Benzene
Bull/Bear Score: -1

Spot Market: Shandong is a key production and consumption region for benzene in China. As a representative petrochemical enterprise in the region, Shandong Wantong’s decision to cut its benzene offer by 50 yuan/ton to 8,587 yuan/ton exerts a bearish influence on regional spot benzene prices, heightening market cautiousness.

Futures Market: The main benzene contract 2606 on the Dalian Commodity Exchange closed at 8,637 yuan/ton on May 6, down 19 yuan/ton from the previous trading day, with open interest increasing by 206 lots. The futures price curve exhibits a backwardation structure (higher near-term, lower distant), indicating weaker expectations for the longer term. This aligns with the direction of the spot price adjustment and collectively poses a moderately bearish impact on benzene prices.