April 29 News
On April 29, Dongying Fulian Petrochemical Co., Ltd. raised its ex-factory price for pure benzene (petroleum benzene) by 50 yuan/ton, with the latest quotation at 8,553 yuan/ton.
Chempricehub Analysis on Pure Benzene – Bullish/Bearish Rating:
The ex-factory price hike of 50 yuan/ton to 8,553 yuan/ton reflects a tightening supply or strengthening demand in the spot market, which is a direct positive for spot prices. Combined with futures market data, the settlement price of the benzene June 2026 contract (2606) on April 28 was 8,519 yuan/ton. The spot price increase is likely to push near-term futures contracts higher, especially given the current spot premium (spot price above futures price), which will attract arbitrage trading and support short-term futures strength.
Rating: +1.0 (Moderately Bullish) – The increase is moderate in magnitude and not driven by a major event.
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