Price trend:
According to the data monitoring of business agency, the contract price of Sinopec orthobenzene rose 100 yuan / ton this week. As of June 9, the contract price of o-xylene Sinopec was 4300.00 yuan / ton, up from 4200.00 yuan / ton last weekend. Compared with the same period last year, the price of o-benzene is 30.65% lower than that of the same period last year.
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Trend of mixed xylene
From the price trend chart of mixed xylene, it can be seen that since May, the price of mixed xylene has continued to rise. In addition to the short-term fluctuation adjustment in the middle of May, the overall price of mixed xylene has increased significantly. As of June 9, the price of mixed xylene has increased by 12.00% compared with the beginning of May. The price of mixed xylene is rising, the cost of o-benzene is rising, and the pressure of o-benzene rising is increasing, which is good for o-benzene market.
Future forecast:
Bai Jiaxin, data analyst of o-xylene of business association, thinks that since May, the price of mixed xylene has been rising, the price of o-benzene raw materials has been rising, the cost of o-benzene has been rising, and the pressure of o-benzene rising is great. The rise of o-benzene in late May eased some of the upward pressure, but the continuous rise of mixed xylene price in June provided significant support for the rise of o-benzene price. At the same time, compared with the same period of previous years, the price of o-benzene is still on the low side, and the pressure of o-benzene rising is greater. However, in the future, the price growth of mixed xylene slowed down. Although the market of phthalic anhydride and plasticizer remained strong, the growth momentum was insufficient, and the support for ortho benzene growth was insufficient. Generally speaking, the market of ortho benzene is generally good, but the rising support is insufficient. It is expected that the future market of ortho benzene will maintain stability.
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