Price trend:
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According to the business agency data monitoring, this week, the o-benzene contract quotation is stable. As of September 21, 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 week, and the market of o-xylene is temporarily stable.
Upstream market of o-benzene
It can be seen from the mixed xylene price trend chart that the mixed xylene price of o-xylene raw material decreased slightly this week, and the cost of o-xylene decreased, which was negative for the o-xylene market.
From the WTI crude oil price trend chart, we can see that the crude oil market rose sharply this week, up more than 10%. The price of crude oil is rising, the cost pressure of downstream industrial chain is increasing, the market of downstream industry chain is good, and the market of o-benzene is good.
Trend of downstream products
As can be seen from the phthalic anhydride price trend chart, the phthalic anhydride market fell slightly this week, the phthalic anhydride price was basically stable, and the adverse effect on the o-benzene market was limited, and the demand for o-benzene was not enough to support the rebound of the price of phthalic anhydride.
Future forecast:
Bai Jiaxin, an o-xylene data analyst at the business club, believes that the sharp rise in crude oil prices last week has a positive impact on the downstream industrial chain and is conducive to the recovery and rise of o-benzene price. However, the downstream demand for o-benzene is insufficient, and the price rise of mixed xylene in the upstream is relatively small. Although there is a certain upward momentum for o-xylene, it is difficult to support the price adjustment of o-benzene, and the overall future market of o-benzene is stable.
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