Reconstruction of the supply and demand structure: Enterprises in the pure benzene industry chain explore new paths for risk management.

Recently, the theme of "anti-internal competition" has been heating up, and the supply and demand pattern of the pure benzene industry chain is also facing reconstruction. At a critical turning point in industry reform, on July 8th, pure benzene futures and options were listed on the Dalian Commodity Exchange, bringing new opportunities for risk management to industry chain enterprises. Recently, following a research team from the Dalian Commodity Exchange, reporters traveled to chemical industry gathering areas in Zhejiang, Jiangsu, Shandong, and other provinces, visiting representative companies in the upstream and downstream of the pure benzene industry chain to learn about their practices in using derivative tools. Combining this on-site research and interviews with relevant industry chain enterprises, reporters learned that since the listing of pure benzene futures over a month ago, some industry chain enterprises have begun actively participating in the use of derivative tools. For example, some companies have established virtual inventories of pure benzene at low levels, sold styrene futures at high levels to lock in processing profits, and other companies have explored new paths in price management through basis trading and locking in import profits. Some industry insiders are also optimistic about the development prospects of pure benzene futures, believing that it will strengthen the risk resistance capability of the real economy and enhance China's price discourse power in the global chemical market.