The market for ortho xylene remained stable this week
According to the Commodity Market Analysis System of Business Society, as of May 16th, the price of ortho xylene was 8300 yuan/ton, which is temporarily stable compared to the price of ortho xylene on May 1st, which was 8300 yuan/ton. The industrial chain support is limited, and the ortho xylene market remained stable this week.
The price of mixed xylene fell weakly, and the cost support for adjacent xylene was limited this week; The price of phthalic anhydride has rebounded and increased, with increased demand support for ortho xylene and increased cost and demand support. The price of ortho xylene has temporarily stabilized this week.
The price of raw material mixed with xylene has dropped
According to the mixed xylene commodity market analysis system of Business Society, as of May 16th, the quoted price of mixed xylene was 7460 yuan/ton, a decrease of 2.86% from the price of mixed xylene on May 1st, which was 7680 yuan/ton. The high price of crude oil has fallen, and the cost of mixed xylene has decreased; Downstream enterprises are experiencing an increase in maintenance, resulting in weak demand for mixed xylene. Some mixed xylene equipment has maintenance plans, and the supply of mixed xylene is expected to decrease. Both supply and demand have decreased, and mixed xylene is under significant downward pressure.
Downstream phthalic anhydride market rebounds and rises
According to the market analysis system for phthalic anhydride products by Business Society, as of May 16th, the quoted price of phthalic anhydride was 7925 yuan/ton, an increase of 2.92% compared to the price of 7700 yuan/ton on May 10th; Compared to May 1st, the price of phthalic anhydride increased by 2.66% to 7720 yuan/ton. This week, the market for phthalic anhydride has rebounded. The cost of naphthalene phthalic anhydride has increased, sales are good, the supply of ortho phthalic anhydride is tight, and the market price of phthalic anhydride is strong. Downstream demand is strong, and they are cautious about high levels. It is expected that the market of phthalic anhydride will remain strong in the short term.
Future prospects
According to analysts from Business Society’s neighboring xylene data, in terms of cost, the price of mixed xylene has slightly decreased, and the pressure of neighboring xylene cost decline still exists; In terms of supply and demand, the supply of ortho xylene has tightened and the demand has rebounded, providing greater support for the rise of ortho xylene. Overall, the decrease in costs has increased supply and demand support, and the support for the rise of the neighboring benzene market in the future has increased.
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