According to the data monitoring of business agency, the price of phthalate has stabilized this week, while the price of o-benzene is temporarily stable. As of May 24, Sinopec quoted 6200.00 yuan / ton, which is stable compared with that of the price of RMB 6200 / t last weekend (May 16).
Raw material prices down
| ferric sulfate (Poly ferric sulphate) |
The commodity price index of mixed xylene and ox was 109.59 on May 23, up 0.18 points from yesterday, down 6.66% from 117.41 points (2019-09-09) in the cycle, and 46.49% higher than the lowest point 74.81 on December 02, 2020（ Note: the cycle refers to January 1, 2013 to present). Mixed xylene price fluctuates, raw material price falls, o-benzene cost drops, and the price of the latter is weak.
The commodity price index of ox and phthalic anhydride on May 23 was 94.79, which was flat with yesterday, down 13.24% from 109.26 (2018-08-09), the highest point in the cycle, and 55.37% higher than the lowest point of 61.01 on November 18, 2020（ Note: the cycle refers to January 1, 2013 to present). The price of phthalic anhydride fell slightly, while the price of o-benzene was stable for a while. The downstream market of o-benzene is weak, and the pressure of decline of o-benzene increases.
The price fluctuation of o-xylene in the external market stabilized
Trade name Quotation type Port Price date
O-xylene FOB US Gulf $909.56 / T 2021-05-21
O-xylene CFR China $815.00 / T 2021-05-21
O-xylene CFR Southeast Asia $800.00 / T 2021-05-21
O-xylene FOB the republic of korea $828.00 / T 2021-05-21
O-xylene FOB Amsterdam, Rotterdam and Antwerp $935.00 / T 2021-05-21
O-xylene FOB US Gulf $915.08 / T 2021-05-14
O-xylene CFR China $820.00 / T 2021-05-14
O-xylene CFR Southeast Asia $803.00 / T 2021-05-14
O-xylene FOB the republic of korea $838.00 / T 2021-05-14
O-xylene FOB Amsterdam, Rotterdam and Antwerp $935.00 / T 2021-05-14
From the trend of external offer, the price fluctuation of o-xylene in the external market fell this week. Domestic neighbor benzene port high inventory, phthalate slowly to inventory, foreign market fall stimulate domestic neighbor benzene market to empty, domestic phthalate market downward pressure increased.
Post market forecast
Bai Jiaxin, an analyst with business agency’s phthalate data, said the price of the industrial chain of o-benzene was weak and the pressure on the decline of o-benzene increased. In terms of raw materials, the price of mixed xylene fell, the downstream phthalic anhydride market fell, and the price of the industrial chain of phthalate fell; The price of the external market fell at the top, and the driving force of the rise of phthalate was weakened. Overall, the driving force of the rise of the phthalate market weakened the downward pressure and increased, and the weak position of the next market is expected to be stable temporarily.
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