1、 Price trend

The domestic isomeric xylene market fell this week, down about 0.96% as of Friday, according to the data in the business club’s bulk list.

2、 Analysis and comment

1. Product: affected by the coming of the long holiday in Europe and America, the market trend of this week fell back last week, and the current mainstream price in East China is about 5750 yuan / ton. According to the feedback from traders, the market is cautious. Compared with last week, the turnover this week was average, and the port inventory slightly decreased, about 23000 tons.

2. Industrial chain:

Upstream, crude oil, this week’s oil prices overall showed a volatile trend, as of Friday, WTI futures rose 1.72%, Dubai futures rose 0.81%.

In the downstream, in the PX market, the external price is about 822-824 US dollars / ton FOB South Korea and 842-844 US dollars / ton CFR China. Influenced by the long holiday in Europe and the United States, the downstream textile industry has entered the seasonal off-season of demand. It is expected that the PX market price will maintain 6700 yuan / ton next week. In terms of PTA market, the price of external market is about 610 US dollars / ton, while the price of domestic PTA spot market continues to rebound slightly, and it is expected that PTA market will maintain a weak shock in the short term. In the ox market, Sinopec’s o-benzene quotation is stable, at 6200 yuan / ton. The external quotation of o-benzene is stable, and it is expected that the future market of o-benzene will maintain a small fluctuation trend.

3、 Future forecast

According to xylene analysts from the chemical branch of business society, we will continue to focus on the market turnover and port inventory next week, as well as the progress of Sino US trade negotiations and the crude oil trend under the expectation of OPEC production reduction. Overall, with the long holiday coming in Europe and the United States, the toluene market is expected to have a shock rebound trend next Tuesday.