According to the commodity market analysis system of the business community, as of June 30, the price of O-Xylene was 8100 yuan/ton, an increase of 3.85% from the price of 7800 yuan/ton on January 1 at the beginning of the year. In the first half of the year, the price of ortho benzene first rose and then fell. From January to April, the price of ortho benzene continued to rise, while in May, the price of ortho benzene significantly decreased. From January to April, crude oil prices stabilized at high levels, mixed xylene prices fluctuated and increased, and the cost of ortho benzene increased; 5. In June, mixed xylene fluctuated and fell, resulting in a decrease in costs and increased downward pressure on adjacent benzene.
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According to the commodity market analysis system of the business community, the price of O-Xylene in 2023 will rise sharply compared with that in 20 and 21 years. In 2022, the prices of ortho benzene stabilized at a high level throughout the year. In 2023, the prices of ortho benzene increased year-on-year from January to February, and from March to May, the prices of ortho benzene remained relatively high. In June 2023, the prices of ortho benzene decreased year-on-year, but remained at a high level.
Price fluctuation chart of ortho benzene industry chain
According to the commodity market analysis system of the Business Society, the price of raw material mixed xylene has significantly fluctuated and increased, while the cost of ortho benzene has increased. Downstream phthalic anhydride prices have fluctuated and decreased, resulting in weak demand for ortho benzene. In the first half of the year, the price of ortho benzene first rose and then fell, with increased cost support and weak demand. The downward pressure in the future has weakened, and the upward momentum still exists.
The market for raw material mixed xylene increased significantly in the first half of the year
According to the market analysis system of mixed xylene products in the Business Society, as of June 30th, the price of mixed xylene was 7340 yuan/ton, an increase of 9.39% compared to the price of mixed xylene on January 1st at the beginning of the year, which was 6710 yuan/ton. In the first half of the year, the price of mixed xylene first rose, then fell, and then rose. Affected by the rise in crude oil prices, the mixed xylene market fluctuated and rose from January to April. With the intensification of macroeconomic risk aversion, the mixed xylene price fluctuated and fell; With the economic recovery, the price of crude oil and the price of mixed xylene rise in shock, and the O-Xylene market in the future has a strong upward momentum.
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Downstream phthalic anhydride market fluctuates and falls
According to the analysis system of the market for phthalic anhydride products in the Business Society, as of June 30th, the price of phthalic anhydride was 7700 yuan/ton, a decrease of 4.50% compared to the price of 8062.50 yuan/ton on January 1st at the beginning of the year. The trend of OX is relatively positively correlated with the trend of phthalic anhydride. From January to April, the price of phthalic anhydride fluctuated and increased, downstream demand rebounded, and the price of neighboring benzene continued to rise; In May, the price of phthalic anhydride fluctuated and decreased, while the price of ortho benzene decreased; In June, the price of phthalic anhydride first fell and then rose, while the price of ortho benzene temporarily stabilized.
Future prospects
Analysts of O-Xylene data from the business community believe that in the first half of the year, the price of o-xylene rose first and then fell, and the overall cost of o-xylene supported limited demand remains weak. In June, the price of mixed xylene and phthalic anhydride fell first and then rose, and the downward pressure of O-Xylene weakened and the upward momentum remained. In late June, the price of mixed xylene and phthalic anhydride rebounded and adjusted, the upstream and downstream market of O-Xylene recovered, and the downward pressure of O-Xylene weakened. Overall, there is significant downward pressure on ortho benzene. With the rebound of mixed xylene and phthalic anhydride prices, the support for the rise of the ortho benzene industry chain is increasing. It is expected that the prices of ortho benzene will remain strong and stable in the future, and there is still momentum for the rise of ortho benzene in the future.
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