March 11 News — On March 11, Jiangsu Xinhai Petrochemical Co., Ltd. lowered its quotation for pure benzene (petroleum benzene) by 1,500 yuan, with the latest quotation at 8,505 yuan per ton. Specific transaction details are subject to negotiation. Chempricehub Analysis on Pure Benzene, Bull-Bear Score: -2 Jiangsu Xinhai Petrochemical Co., Ltd. reduced its quotation for pure benzene (petroleum benzene) by 1,500 yuan to 8,505 yuan per ton, indicating an oversupply in the spot market or weak demand, leading to a significant price decline and exerting substantial bearish pressure on spot prices. Combined with data from the Dalian Commodity Exchange’s pure benzene futures (e.g., contract 2604 settlement price at 8,279 yuan, contract 2605 settlement price at 8,104 yuan, dated March 10, 2026), the decline in spot prices is expected to transmit to the futures market, particularly affecting near-month contracts, potentially intensifying downward pressure on futures prices. Therefore, a significant bearish score is assigned.