March 11th News: On March 11th, Wantong Petrochemical reduced the price of pure benzene (petroleum benzene) by 1,500 yuan, with the latest quotation at 7,507 yuan per ton. Specific prices are subject to negotiation. Chempricehub's analysis of pure benzene indicates a bearish score of -2. The spot price of pure benzene has dropped by 1,500 yuan to 7,507 yuan per ton, a significant decline (approximately 16.7%), indicating an oversupply in the market or weak demand, which poses a major bearish factor for spot prices. Combined with futures data, pure benzene futures contracts, such as the 2612 contract closing at 6,962 yuan per ton (down 522 yuan from the previous day) and the 2701 contract closing at 7,126 yuan per ton (down 536 yuan), show an overall downward trend. The sharp decline in spot prices will reinforce bearish expectations in the futures market, potentially putting further pressure on futures contract prices, particularly affecting the performance of the main contracts.