rice trend
According to the data monitoring of business news agency, after the price of o-benzene rose last week, the price of o-benzene rose again this week. As of April 25, Sinopec’s price of o-xylene was 5900.00 yuan / ton, up 5.36% from 5600 yuan / ton last weekend (April 18); The price of o-benzene increased by 9.26% to 5400 yuan / ton at the beginning of the month (April 1).
Upstream market of industrial chain
From the price trend chart of mixed xylene, it can be seen that the price of mixed xylene fluctuated and increased by 6% in April. This week, the price of mixed xylene stabilized and increased by less than 1%. The price of mixed xylene tends to be stable at a high level, and the cost pressure of o-xylene still exists, but the rising power of o-xylene price is weakened, and the o-xylene price is expected to be stable in the future.
O-xylene external price rise
Trade name Quotation type Port Price date
O-xylene FOB US Gulf USD 904.05/t 2021-04-23
O-xylene CFR China 795.00 USD / T 2021-04-23
O-xylene CFR Southeast Asia 790.00 USD / T 2021-04-23
O-xylene FOB the republic of korea US $835.00/t 2021-04-23
O-xylene FOB Amsterdam, Rotterdam and Antwerp US $920.00/t 2021-04-23
O-xylene FOB US Gulf USD 904.05/t 2021-04-16
O-xylene CFR China US $785.00/t 2021-04-16
O-xylene CFR Southeast Asia US $785.00/t 2021-04-16
O-xylene FOB the republic of korea US $835.00/t 2021-04-16
O-xylene FOB Amsterdam, Rotterdam and Antwerp US $930.00/t 2021-04-16
It can be seen from the external quotation trend that the external price of o-xylene rose slightly this week. Port o-benzene slowly to inventory, external market to stimulate domestic o-benzene market, domestic o-benzene market rose slowly.
Future forecast
Bai Jiaxin, an o-xylene data analyst of business news agency, believes that the price of o-xylene raw materials remained high this week, and the external market fluctuated and rose, and the domestic o-xylene rising momentum was fully supported. Downstream phthalic anhydride plasticizer market rose, o-benzene demand pick up, o-benzene rising momentum increased. In the future, the demand for o-benzene will rise, the cost of o-benzene will remain high, the external market will be favorable, and the market will push up. O-benzene is expected to rise in the future.
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