May 8 News
On May 8, Shandong Wantong Petrochemical Group reduced its benzene (petroleum benzene) price by 180 yuan/ton, with the latest quoted price at 8,407 yuan/ton. For firm offers, please negotiate directly.

Chempricehub Analysis on Benzene
Bull/Bear Score: -1

Spot Market:
On May 8, Shandong Wantong Petrochemical lowered its benzene spot quotation by 180 yuan/ton to 8,407 yuan/ton. The weakening spot quotation exerts a generally bearish influence on benzene spot prices.

Futures Market:
On May 7, the main benzene contract 2606 on the Dalian Commodity Exchange closed down 254 yuan/ton at 8,270 yuan/ton, with open interest decreasing by 2,518 lots. The overall trend of the futures market is relatively weak, putting short-term pressure on benzene futures prices.