O-benzene market strong and stable
According to the data monitoring of business association, the settlement price of o-benzene in June was 6200 yuan / ton, which was higher than that in May. In June, the market of o-benzene was generally stable. As of June 25, Sinopec’s price of o-xylene was 6200.00 yuan / ton, which was stable compared with the price of o-xylene of 6200 yuan / ton at the beginning of the month; Compared with the price of 5 900 yuan / ton on May 1, the price of o-benzene increased. In June, the market of o-benzene was consolidated, and the market was strong and temporarily stable compared with May.
The price of raw materials fluctuates and stabilizes
According to the data detection of business society, the price of mixed xylene rose first and then fell in May, and fell first and then rose in June. As of June 25, the price of mixed xylene was 5880 yuan / ton, slightly lower than that in early June; The price of mixed xylene increased slightly compared with that in early May. Mixed xylene market tends to be stable, o-benzene cost is temporarily stable, o-benzene rising power still exists.
The lower reaches of the market fell
According to the data from the business community, the price of phthalic anhydride rose first and then fell in May. In June, the market of phthalic anhydride continued its decline in May, and the price of phthalic anhydride fluctuated and fell. As of June 25, the price of phthalic anhydride fell by 4% compared with that at the beginning of May. The downstream market of o-benzene fell, the demand for o-benzene weakened, the rigid demand for o-benzene was insufficient, the rising power of o-benzene weakened, and the downward pressure increased.
Future forecast
Bai Jiaxin, an o-xylene data analyst of business news agency, believes that in June, the price of mixed xylene first fell and then rose, the cost of o-xylene stabilized, the price of phthalic anhydride continued to decline, the downstream market fluctuated and fell, and the demand for o-xylene was insufficient. In general, the o-xylene Market fluctuated and weakened in June, and the settlement price of o-xylene rose in June, but the pressure of o-xylene decline was greater, and the settlement price was falsely high. In the future, the settlement price of o-benzene is falsely high, and the market of o-benzene is expected to fall.
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