The first contract delivery of pure benzene futures was successfully completed.

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In March, after sampling inspection, canning, weighing, and other procedures, batches of pure benzene meeting futures delivery quality standards were transported out of the delivery warehouse, marking the successful completion of the first contract BZ2603 for pure benzene futures delivery. The delivery involved 1,199 lots totaling approximately 36k tons, with a delivery amount of 264 million yuan, all of which were rolling deliveries, including 1,078 standard warehouse receipts and 121 factory warehouse receipts. A total of 25 physical enterprises and 4 designated delivery warehouses participated. Amid recent significant fluctuations in the chemical sector influenced by Middle Eastern geopolitical tensions, all delivery processes proceeded smoothly and orderly, receiving unanimous recognition from market participants, and laying a solid foundation for better serving the high-quality development of the aromatic hydrocarbon industry chain.

Sinopec is the largest producer of pure benzene in China. As one of the first delivery sellers, a relevant business leader from Sinopec Chemical Sales Co., Ltd. stated that the pure benzene futures delivery process was smooth, and the trading experience was quite good. Futures delivery, amid increasing industry uncertainties, has expanded the company’s sales channels and promoted the transformation and upgrading of traditional business models. As a core financial derivative tool, futures can provide a more transparent and open price discovery mechanism and more precise risk management services for the entire industry chain. While solving supply-demand mismatches and inventory management difficulties, pure benzene futures also strengthen the construction of market credit systems. In the future, the company will continue to monitor the pure benzene futures market, conduct relevant work in accordance with laws and regulations, and help promote the healthy development of the pure benzene futures market and related industry chains.

As one of the first delivery buyers and China’s main importer and trader of pure benzene, YuanDa Petrochemical Co., Ltd. Pure Benzene Manager Ren Hao said that participating in this pure benzene futures delivery mainly aims to lock in long-term raw material procurement costs and stabilize the supply chain using futures tools. Additionally, standardized delivery ensures source quality and delivery certainty, giving the company more confidence to better serve upstream and downstream industries. This delivery has established a new model process for the company’s pure benzene products and internal-external connections, helping the company better understand futures delivery rules and logic, laying a solid foundation for more in-depth futures-spot integrated business in the future. Moreover, the entire delivery process was smooth, efficient, transparent, and reliable in terms of product quality, delivery efficiency, and fund security.

As one of the first delivery warehouses and an important storage logistics enterprise for bulk liquid chemical products, Cai Jian, Vice General Manager of Yangzhou Chemical Storage Co., Ltd., Zhangjiagang Free Trade Zone Yangtze International, said that the company attached great importance to this pure benzene delivery, continuously focusing on storage safety management. They assigned dedicated personnel to oversee key steps such as warehousing acceptance, sampling and quality inspection, and warehouse receipt registration, standardizing operations and strictly implementing hazardous liquid chemical control requirements. They strengthened tank area supervision, process control, and risk prevention, ensuring product quality, accurate quantities, and safety through standardized operations and professional services. The on-site delivery strictly followed the rules of Dalian Commodity Exchange for pure benzene delivery, combined with standardized liquid storage operations, progressing in an orderly manner. The overall process was smooth, with efficient and seamless connections at each stage, without any delays, stalls, or abnormalities.

A relevant business leader from Dalian Commodity Exchange said that to ensure the smooth first-month delivery of pure benzene, the exchange had prepared a series of measures since the beginning of the year, combining online and offline efforts. Before the delivery month, they confirmed the effectiveness of the system, the proficiency of dedicated delivery personnel, and the completeness of on-site facilities with all delivery warehouses. During the delivery month, they tracked and supervised each stage of the first-month delivery to ensure smooth and orderly operations. Moving forward, the exchange will optimize the delivery process based on the experience from the first month, consider adding more delivery warehouses, expand delivery resources, and improve industry cultivation and services. They aim to support more pure benzene industry enterprises in trading and delivery