Price trend
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According to the data monitoring of business news agency, the price of o-benzene rose in February, and the domestic o-benzene market recovered. With the continuous recovery of the upstream and downstream market, the price of o-benzene finally hit the bottom and rebounded. As of February 8, Sinopec’s price of o-xylene was 5000.00 yuan / ton, up 300 yuan / ton or 6.38% from 4700 yuan / ton at the beginning of the month (February 1).
Upstream market of o-benzene
It can be seen from the price trend chart of mixed xylene that since January, the price of mixed xylene has continued to rise, with an increase of over 17%. The price of mixed xylene rises sharply, the cost of o-benzene rises, and the driving force of o-benzene increases.
Trend of downstream products
From the price trend chart of phthalic anhydride, it can be seen that since January, the price of phthalic anhydride has dropped first and then rose, and the overall price of phthalic anhydride has risen. Since late January, the price of phthalic anhydride has soared, the demand for o-benzene has risen, the market of o-benzene has improved, and the price of o-benzene has increased.
Future forecast
Bai Jiaxin, an o-xylene data analyst of business news agency, believes that since January, the price of mixed xylene has continued to rise, the cost of o-xylene has increased, the market of phthalic anhydride has bottomed out and rebounded after the middle of January, and then the price of phthalic anhydride has risen sharply, the demand for o-xylene has risen, further stimulating the price of o-xylene, and the rising pressure of o-xylene has continued to increase; the price of o-xylene has been stable since the middle of January, and the price of o-xylene has Finally, the price rose, and the rising pressure of o-benzene was released. It is expected that the price of o-benzene will be stable in the future.
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