Price trend:
According to the data monitoring of business agency, the contract quotation of Sinopec o-benzene was stable in July. As of July 20, Sinopec has offered 4400.00 yuan / ton of o-xylene in East China and 4500 yuan / T in North China, which is stable compared with the beginning of the month and 24.41% lower than that of the same period in 19 years. The price of o-benzene is lower than that of the same period in 19 years.
Price trend of raw materials
| PVA |
It can be seen from the mixed xylene price trend chart that the mixed xylene price fell in July, the raw material cost of o-benzene decreased, the o-benzene market was negative, and the future market of o-xylene was bearish.
Trend of downstream products
It can be seen from the phthalic anhydride price trend chart that the phthalic anhydride price fell in July, and the phthalic anhydride market fell all the way. The downstream of o-benzene was lower, the demand for o-benzene decreased, and the market of o-benzene was negative.
Future forecast:
According to Bai Jiaxin, an o-xylene data analyst at the business club, the upstream and downstream market of the o-xylene industry chain both fell in July, which had a greater negative impact on the o-xylene market and increased the pressure on the decline of o-benzene. The external price of o-benzene decreased slightly, which was negative for the domestic market of o-benzene. Generally speaking, the market of o-benzene is unfavorable, and the downward pressure on the future market of o-benzene increases. It is difficult to maintain the stability of o-benzene market, and it is expected that the market of o-benzene will decline in the future.
| POLYVINYL ALCOHOL |