Price trend
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According to the data monitoring of business agency, the price of o-benzene was stable in October, and the market of o-benzene was temporarily stable. As of October 30, Sinopec has offered 4400.00 yuan / ton of o-xylene in East China and 4400 yuan / ton in North China, which is stable compared with the beginning of the month, and the market of o-xylene is temporarily stable.
Upstream market of o-benzene
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It can be seen from the price trend chart of mixed xylene that the price of mixed xylene dropped in October, with an overall decline of 1.05% in October. The cost of o-benzene decreased and the driving force of o-benzene price rise weakened.
Trend of downstream products
It can be seen from the phthalic anhydride price trend chart that the phthalic anhydride price rose sharply in October, with an increase of 16.32%. The phthalic anhydride market rose, which was good for the o-benzene market, and the demand for o-benzene in the downstream was warmer, and the driving force for the price rise of o-phthalic anhydride was increased.
External offer
Commodity name quotation type port price date
O-xylene FOB Gulf of Mexico US $639.45/t 2020-10-23
O-xylene CFR China $560.00/t 2020-10-23
O-xylene CFR Southeast Asia $570.00/t 2020-10-23
O-xylene FOB Korea $535.00/t 2020-10-23
O-xylene FOB Amsterdam, Rotterdam and Antwerp $547.25/t 2020-10-23
O-xylene FOB US $644.96/t US $2020-10-16
O-xylene CFR China $555.00/t 2020-10-16
O-xylene CFR Southeast Asia $548.00/t 2020-10-16
O-xylene FOB Korea $530.00/t 2020-10-16
O-xylene FOB Amsterdam, Rotterdam and Antwerp $547.25/t 2020-10-16
Mexico Gulf of Mexico / US $669
O-xylene CFR China $554.00/t 2020-10-9
O-xylene CFR Southeast Asia $546.00/t 2020-10-9
O-xylene FOB Korea $530.00/t 2020-10-9
O-xylene FOB Amsterdam, Rotterdam and Antwerp US $528.25/t 2020-10-9
O-xylene FOB US $622.91/t US $2020-10-2
O-xylene CFR China $540.00/t 2020-10-2
O-xylene CFR Southeast Asia $530.00/t 2020-10-2
O-xylene FOB Korea $520.00/t 2020-10-2
O-xylene FOB Amsterdam, Rotterdam and Antwerp $493.75/t 2020-10-2
It can be seen from the external price list that the external price of o-benzene fluctuates and rises, which is good for the domestic market of o-benzene, and the driving force of domestic o-benzene to rise is increased.
Future forecast
According to Bai Jiaxin, an o-xylene data analyst at the business club, in October, the price of mixed xylene of o-benzene raw material fell slightly, the cost of o-benzene decreased, and the price of o-benzene in external market rose, which supported the domestic o-xylene to a certain extent. The phthalic anhydride price rose sharply at the end of October, and the demand for o-xylene market recovered, and the driving force for the future market of o-benzene was increased. Generally speaking, the driving force for the rise of o-benzene is increased, and the price of o-benzene is expected to rise slightly in the future.
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