On September 3rd, the daily spot commodity price rankings highlighted significant gains, with crude benzene taking the top spot. The spot price of crude benzene jumped 9.67% in a single day, climbing from 6,642.5 yuan per tonne yesterday to a new high of 7,285 yuan per tonne. This latest price represents a weekly increase of 10.05% and a monthly surge of 15.63%, as of September 3, 2026.
The surge in crude benzene, a benzene-based feedstock derived from coking operations, is closely tied to the dynamics between coke producers and downstream sectors like hydrogenated benzene and pure benzene. Several factors are driving this upward momentum. Firstly, demand from downstream industries has strengthened, with benzene hydrogenation facilities ramping up operations and increasing raw material procurement, which has boosted enquiry activity and transaction volumes. Secondly, supply conditions remain tight, as some coking plants have slightly reduced their operating rates, leading to subdued spot availability and a stronger willingness among sellers to hold firm on prices. Thirdly, the price of pure benzene has provided additional support, as its stronger performance in both spot and futures markets, alongside a widened price gap with crude benzene, has created a favorable comparative pricing environment. Lastly, market sentiment has been buoyed by crude oil price fluctuations and geopolitical uncertainties, fueling bullish expectations and prompting traders to actively follow the upward trend.
Taking the runner-up position, dimethyl carbonate (DMC) also recorded a notable gain, with its spot price rising 5.83% in a single day to 5,450 yuan per tonne, up from 5,150 yuan per tonne the previous day. As of the same date, the price has advanced 20.44% over the past week and 32.12% over the past month. DMC, which serves as a bridge between chemical raw materials and downstream applications such as batteries and coatings, has seen its price escalate due to a combination of factors. First, scheduled maintenance or reduced operating rates at some production facilities have led to a temporary tightening of market supply. Second, low inventory levels at manufacturers have reinforced the inclination of holders to maintain firm pricing. Third, resilient demand from the new energy battery electrolyte and solvent sectors has continued to underpin the market through steady spot procurement. Fourth, rising costs of raw materials like methanol and propylene oxide, along with higher production expenses, have provided solid cost support for DMC prices.
Looking at related listed companies tied to these commodity trends, Shida Shenghua stands out as a prominent player. With a price-to-earnings ratio of 16.03 and a total market capitalization of 51.423 billion yuan, the company operates under the Qingdao West Coast New Area State-owned Assets Bureau. It is recognized as one of the largest domestic suppliers of lithium battery electrolyte solvents with significant international visibility, and is among the few producers in the industry boasting four major production bases for carbonate products. Meanwhile, Shuangxin Materials, with a P/E ratio of 26.43 and a market value of 71.452 billion yuan, is one of the nation's top three production bases for polyvinyl alcohol and also ranks among the leading domestic producers and sellers of calcium carbide.
It is important to note that a rise in commodity prices does not necessarily translate into concurrent gains for related stocks, as individual share performance is also influenced by company earnings, policy changes, and overall market sentiment. The information presented here is compiled by AI for reference purposes only and should not be construed as investment advice.
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