On April 24, Jiangsu Xinhai Petrochemical Co., Ltd. raised its benzene (petroleum benzene) quotation by 150 CNY, with the latest price at 8,605 CNY/ton. Negotiable for actual orders. Chempricehub analysis on benzene gives a bullish-bearish score of 1.5. The article indicates that Jiangsu Xinhai Petrochemical's benzene quotation increased by 150 CNY to 8,605 CNY/ton, suggesting a tightening supply or increased demand in the spot market, which constitutes a significant positive for benzene spot prices. Combined with benzene futures market conditions (e.g., the 2605 contract closed at 8,518 CNY/ton yesterday, with a change of +63 CNY), the rise in spot prices may drive futures prices upward, particularly providing support for near-month contracts. Therefore, the score is +1.5, reflecting a major positive impact.
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