The price of ortho xylene stabilized this week

According to the Commodity Market Analysis System of the Business Society, as of August 21, the price of ortho xylene was 9000 yuan/ton, which has stabilized compared to the price of ortho xylene on August 11 last weekend. The price of mixed xylene has stopped rising and decreased, while the cost of ortho xylene has decreased; The downstream market for phthalic anhydride has fluctuated and fallen, with weak demand for ortho xylene and no cost support. This week, ortho xylene prices have stabilized.

The market for raw material mixed xylene has declined this week

According to the market analysis system of mixed xylene products in the Business Society, as of August 21, the price of mixed xylene was 8470 yuan/ton, a decrease of 160 yuan/ton or 1.85% compared to the price of 8630 yuan/ton on August 13 last weekend. Crude oil prices have fluctuated and fallen, while naphtha and mixed xylene prices have decreased. The cost of raw materials has decreased, supporting the rise of adjacent xylene market.

Downstream market decline of phthalic anhydride

According to the analysis system of the market for phthalic anhydride products in the Business Society, as of August 21, the quotation for ortho phthalic anhydride was 8637.50 yuan/ton, a decrease of 1.29% compared to the price of 8750 yuan/ton on August 11. The market for phthalic anhydride is stagnant, and the price of phthalic anhydride is fluctuating and falling. The decline in the price of naphthalene phthalic anhydride is bearish for ortho phthalic anhydride, and plasticizer enterprises are operating at low levels. The demand for phthalic anhydride is weak, and ortho xylene demand is weakening, increasing the downward pressure on ortho xylene.

Future prospects

Analysts from the Business Society’s adjacent xylene data believe that crude oil prices have fallen, mixed xylene prices have fallen, and the cost of raw materials for adjacent xylene has decreased; Downstream plasticizers are operating at a low level, with weak demand for phthalic anhydride, a decrease in phthalic anhydride prices, and a weakening demand for ortho benzene. In the future, there is no support for the rising cost of ortho benzene, and downstream demand is weak. It is expected that ortho benzene prices will become weak and stable in the future.