1、 Price trend
| Chitosan oligosaccharide |
According to the bulk list data of business society, the price of mixed xylene fluctuated this week, with regional trends varying. On July 15, the price was 8230 yuan / ton; On Friday (July 22), the price was 8230 yuan / ton, unchanged from last week; Compared with the same period last year, it increased by 40.44%.
2、 Analysis and comment
The trend of crude oil fluctuated during the week, and the support of external news was weak. Mixed xylene fluctuated with crude oil. Mixed xylene regional tight supply situation still exists, supporting the market price mentality.
In the external market, mixed xylene in Asia fell this week. On Thursday (July 21), the price of mixed xylene imported from South Korea was 943.5 dollars / ton, a year-on-year decrease of 20.5 dollars / ton, or 2.13%; The reference price of domestic imported mixed xylene was 940.5 dollars / ton, with a year-on-year decrease of 17.5 dollars / ton, or 1.83%.
In terms of crude oil, the market expressed doubts about Saudi Arabia’s ability to increase production, and tight supply is expected to support the rise of oil prices for three consecutive days. However, there were signs of weakening gasoline demand in the United States, which combined with the European Central Bank’s interest rate hike to suppress the economy, and oil prices fell. As of July 22, Brent’s price rose by $2.04 per barrel or 2.02% this week compared with last week; WTI fell $2.89 / barrel, or 2.96%.
Downstream, in the PX market, the domestic PX price was stable this week. On Friday (July 22), the domestic ex factory price of paraxylene was 9550 yuan / ton, which was stable compared with last week and increased by 34.51% compared with the same period last year. As of July 21, the closing price in Asia was $1030 / ton FOB South Korea and $1048 / ton CFR China.
| Gamma-PGA (gamma polyglutamic acid) |
In the ox market, the price of ox in East China fell this week. On Friday (July 22), the price of ox in East China was 8300 yuan / ton, down 3.49% from last week and up 33.87% from the same period last year.
In terms of gasoline, the price of gasoline in Shandong fell violently this week. The price was 8787 yuan / ton on July 15 and 8606 yuan / ton on July 22, down 2.06% from last week and up 8.1% from the same period last year.
3、 Aftermarket forecast
In terms of crude oil, the oil market has been stuck recently, and the expectation of oil supply shortage is still there. However, global inflation, the accelerated pace of interest rate hikes by central banks, and the increased risk of future economic recession have suppressed energy demand. Crude oil long short game, the trend is full of uncertainty. Continue to pay attention to the impact of geopolitical situation, opec+ decision on crude oil production, US crude oil and refined oil storage dynamics, global economic conditions and other factors on crude oil prices.
The trend of crude oil is full of uncertainty, and the support of external news is weakened; Under the high pressure of cost, the follow-up of downstream products of mixed xylene is blocked. If crude oil and outer disk continue to weaken, mixed xylene may continue to decline. Pay attention to the market trend of crude oil and gasoline, the impact of mixed xylene and downstream device dynamics, port inventory, external market, etc. on the price of mixed xylene.
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