Price trend
According to the data monitoring of business news agency, since March, the high price of o-benzene has not been supported, the market of o-benzene has been falling continuously, the price of o-benzene has dived twice, and the price of o-benzene has dropped by 800 yuan / ton in March. As of March 23, Sinopec’s price of o-xylene was 5700.00 yuan / ton, down 12.31% from 6500 yuan / ton at the beginning of March (March 1).
Downstream market of industrial chain
From the price trend chart of phthalic anhydride, we can see that the price of phthalic anhydride continued to fall in March, domestic phthalic anhydride manufacturers started to maintain a low level, the operating rate of phthalic anhydride on the floor was about 60%, the spot supply on the floor was normal, the delivery situation of phthalic anhydride market was general, and the market of phthalic anhydride continued to fall. Downstream market fell, o-benzene rising power weakened, downward pressure increased.
It can be seen from the DOP price trend chart that in March, DOP prices fluctuated and fell, the operating rate of domestic DOP manufacturers rose, the spot supply increased, the PVC price rose slightly, and the DOP demand recovered, but the raw material prices plummeted, DOP supply increased, DOP supply exceeded demand, and DOP prices fell. Downstream market fell, o-benzene rising power weakened, downward pressure increased.
Upstream market of industrial chain
It can be seen from the price trend chart of crude oil and mixed xylene that the price of WTI crude oil fluctuated and adjusted in March. From March 15 to 19, the oil price fell for five consecutive trading days, and the oil price fell continuously. The bad news of the market was released, but the process of market recovery remained unchanged. In the long run, the economic recovery is still good for the oil price. Affected by the crude oil market, the mixed xylene price fluctuated and adjusted in March. As of March 23, the mixed xylene price fluctuated and rose slightly, but it was depressed by multiple bad news, the support of mixed xylene weakened, and the risk of mixed xylene falling was greater. On the whole, the cost of o-benzene is volatile and stable, the future rising power is limited, the risk of decline still exists, and the support of o-benzene cost is insufficient.
Future forecast
Bai Jiaxin, an o-xylene data analyst of business society, believes that affected by the recent weak crude oil market, the mixed xylene market is volatile and weak, the o-xylene cost is volatile and adjusted, and the o-xylene cost support is weakened; for the downstream, the market of phthalic anhydride and plasticizer continues to fall sharply, the demand for o-xylene is just the main, and the pressure of o-xylene decline is relatively large. However, with the slow recovery of the operating rate of phthalic anhydride and plasticizer enterprises, the o-xylene market is declining Demand is rising, and there is still some support for the rise of o-benzene in the future. Generally speaking, the pressure of o-benzene’s decline in the future is greater. However, with the slow rise of the operating rate of downstream enterprises in the industrial chain, the space for o-benzene’s decline is limited. It is expected that the o-benzene market will fluctuate slightly in the future.
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