Price trends:

According to business association data monitoring, this week Sinopec Neighbouring Benzene execution price continued to rise. As of September 20, the executed contract price of O-xylene Sinopec was 6,700.00 yuan/ton, up 3.08% from 6,500.00 yuan/ton at the beginning of the week. Prices fell by 9.92% over the same period last year. The price of o-phenyl rose sharply in September, the price of o-phenyl rose up and down, and the market of o-phenyl was good in September.

II. Market analysis:

Product analysis

Commodity Name, Quotation Type, Port, Weekly Price, Weekly Price, Unit
O-xylene FOB Gulf of Mexico 882.00 870.98 11.02 US dollars/ton
O-xylene CFR China 810.00 788.00 22.00 Euro/ton
O-xylene CFR Southeast Asia 830.00 810.00 20.00 US dollars/ton
O-xylene FOB Korea 800.00 780.00 20.00 US dollars/ton
O-xylene FOB Rotterdam 820.00 800.00 20.00 US dollars/ton

Neighbouring Benzene’s external quotation rose sharply this week, while China’s external quotation rose by $22 per ton. In South Korea, the quotation of benzene in Southeast Asia increased by $20 per ton. The price of import phenyl rises, the price of port phenyl rises, the stock of port is low, and the market of future phenyl is good. Yangtze Petrochemical Co., Ltd. resumed operation of phenyl equipment; Luoyang Petrochemical Co., Ltd. stopped shipment in September due to equipment failure; the supply of o-xylene warmed up, the shortage of o-xylene eased, and the good momentum of o-xylene market weakened in the future.

Factor Analysis of Industrial Chain

Influenced by the rise in crude oil prices, mixed xylene prices rose sharply this week, raw material prices rose sharply, the cost of phenyl rose, phenyl market was good, and the momentum of phenyl price rise in the future increased. Overall, the cost of o-phenyl rises, and the future is good for o-phenyl.

This week, the price of phthalic anhydride has risen sharply, downstream demand is stable, the demand gap for phthalic anhydride is large, the market is good, and the driving force for phthalic anhydride to rise is large. As for plasticizers, DOP market is rising, and there is still a certain upward momentum in the future. The downstream market of o-phenyl is good, and the upward momentum of o-phenyl is increased.

3. Future market forecast:

According to Bai Jiaxin, an analyst of o-xylene data from business associations, the market for o-xylene is good this week, and the price of o-xylene continues to rise. Influenced by the rise of crude oil, the price of raw materials mixed xylene has risen sharply, the cost of phthalic anhydride and plasticizer prices have continued to rise downstream, and the rising market of industrial chain has a certain advantage for the market of phthalic acid. In terms of the start-up rate of phenyl manufacturers, Yangtze Petrochemical Equipment has been restarted after overhaul, Luoyang Petrochemical is expected to re-ship at the end of September and the beginning of October, and the supply of phenyl has risen, which has greatly alleviated the shortage of supply; in terms of the external market, the price of phenyl has risen, and the stock of port has fallen sharply and is seriously insufficient, which is good for domestic phenyl market. To sum up, the market of o-xylene industry chain has risen up and down, which is good for the market of o-xylene; the starting rate of o-xylene equipment has risen, the supply of o-xylene has increased, the supply of o-xylene has been alleviated, and the market of o-xylene has been positive and negative; the overall market of o-xylene has been mixed, and the driving force of the rise of o-xylene price in the future market has been weakened, and the pressure of decline has increased, The market of benzene in the city remained stable.