May 9 News – On May 9, Shandong Wantong Petrochemical Group reduced the price of benzene (petroleum benzene) by 90 CNY/ton, with the latest quotation at 8,317 CNY/ton, subject to further negotiation on actual orders.

Chempricehub evaluates benzene with a bullish/bearish rating of -1. On the spot market, Shandong Wantong Petrochemical Group lowered its benzene quotation by 90 CNY/ton to 8,317 CNY/ton, reflecting weak demand and relatively ample supply in the current benzene spot market, exerting generally bearish pressure on benzene spot prices. On the futures market, the closing price of the Dalian Commodity Exchange's benzene main contract for May 8, 2026 (contract code 2606) stood at 8,032 CNY/ton, down 271 CNY/ton from the previous trading day, with a trading volume of 15,957 lots and open interest of 16,539 lots. Combined with the latest spot price reduction signal, short-term benzene futures prices face downward pressure, with a higher probability of moving lower.