The price of ortho benzene struggles to rise

O-benzene price analysis:

 

 

Product name, region, manufacturer, price and time

O-xylene Sinopec East China Yangzi Petrochemical 4400 yuan / ton 2020-6-18

O-xylene Sinopec North China Qilu Petrochemical 4500 yuan / ton 2020-6-18

O-xylene PetroChina northeast Jilin Petrochemical Co., Ltd. 4300 yuan / ton 2020-6-18

O-xylene Sinopec East China Yangzi Petrochemical 4300 yuan / ton 2020-6-17

O-xylene Sinopec North China Qilu Petrochemical 4500 yuan / ton 2020-6-17

O-xylene PetroChina northeast Jilin Petrochemical Co., Ltd. 4300 yuan / ton 2020-6-17

O-xylene Sinopec East China Yangzi Petrochemical 4300 yuan / ton 2020-6-16

O-xylene Sinopec North China Qilu Petrochemical 4500 yuan / ton 2020-6-16

O-xylene PetroChina northeast Jilin Petrochemical Co., Ltd. 4300 yuan / ton 2020-6-16

O-xylene Sinopec East China Yangzi Petrochemical 4300 yuan / ton 2020-6-15

O-xylene Sinopec North China Qilu Petrochemical 4300 yuan / ton 2020-6-15

O-xylene PetroChina northeast Jilin Petrochemical Co., Ltd. 4100 yuan / ton 2020-6-15

 

PVA

According to the monitoring data of the business agency, the prices of Sinopec’s contracts in neighboring benzene rose in shock this week, but Sinopec’s North China and East China quotations, which have been rising and falling together, have different reactions this week. As of June 18, the execution contract price of o-xylene Sinopec in East China was 4400.00 yuan / ton, 100 yuan / ton higher than that of last weekend’s 4300.00 yuan / ton; while the execution contract price of n-xylene in North China was 4500 yuan / ton, 200 yuan / ton higher over the same period. And the price in East China rose a little after two days in North China. Why does the market of o-benzene appear such phenomenon? Why is the price rise of o-benzene so “difficult”.

 

Cost factor

 

 

From the price trend of mixed xylene in June, it can be seen that since June, the price of mixed xylene has risen first and then declined. This week, the price of mixed xylene has been falling all the way, the price of raw material mixed xylene has been falling, the cost of o-benzene has been falling, the downward pressure of o-benzene has increased the upward momentum, and the price of o-benzene has been dragging down.

 

Downstream market trend

 

 

It can be seen from the price trend chart of phthalic anhydride in June that the price of phthalic anhydride fluctuated and rose. This week, the market of phthalic anhydride fell first and then rose. The overall market of phthalic anhydride fluctuated and rose, which is good for ortho benzene to some extent, but not enough for ortho benzene.

 

3、 Future forecast:

 

Bai Jiaxin, a data analyst of o-xylene of business association, thinks that the price of mixed xylene fell this week, which is bad for o-xylene market. Although the phthalic anhydride market has the momentum to rise, the adjustment of price fluctuation is insufficient for o-xylene support. The decline of the upstream and downstream market is the main reason why the price of neighboring benzene in East China is not rising. However, in the early stage, the industrial chain price has accumulated momentum, and the downstream plasticizer Market and phthalic anhydride market are optimistic, and the demand for ortho benzene is stable, which makes the price of ortho benzene in North China rise. On June 17, the market price of phthalic anhydride and plasticizer rose, which had a positive stimulus to the market of o-benzene. The quotation of o-benzene in East China rose on June 17. Generally speaking, ortho benzene market is still supported by the rising momentum, but the decline of raw material price makes the rise of ortho benzene insufficient. It is expected that the future market will be mainly stable and there will be some room for rise.

POLYVINYL ALCOHOL