1、 Price trend:
According to the data monitoring of the business agency, in May, the contract price of o-benzene Sinopec fell first and then rose, and the overall o-benzene price remained stable. As of May 31, the contract price of o-xylene Sinopec was 4200.00 yuan / ton, which was stable compared with the price of o-xylene at the beginning of the month. Compared with the same period last year, the price fell by 32.26%.
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2、 Market analysis:
Cost factor
From the price trend chart of mixed xylene and o-benzene, it can be seen that in May, the price of o-benzene remained stable, the price of raw material mixed xylene rose sharply, the cost of o-benzene rose, and the price of o-benzene rose under great pressure.
Trend of industrial chain
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It can be seen from the trend chart of the downstream industrial chain of o-benzene that the price of phthalic anhydride rose in May, and the market in the downstream of o-benzene recovered; the demand for o-benzene rose, and the driving force for the rise increased; the price of plasticizer DOP rose sharply in May, which is good for the market of o-benzene and good for the market of o-benzene as a whole.
3、 Future forecast:
According to Bai Jiaxin, data analyst of o-xylene of business association, in May, the price of o-benzol raw materials rose in shock, the cost of o-benzol rose, and the pressure of o-benzol rise was great. Although the rise of o-benzol in late May eased the pressure, compared with the same period of previous years, the price of o-benzol is still low; for downstream demand, the price of domestic phthalic anhydride and plasticizer rose sharply in May, and the demand rose steadily, o-benzol The upward momentum has increased. Generally speaking, the market of ortho benzene is good, and the rising power of ortho benzene in the future market is relatively large. It is expected that the market of ortho benzene will rise in the future.
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