Xylene market prices rose steadily in the market outlook is expected to decline in price and

Last week, rising domestic xylene market price stability. The solvent of xylene to discuss the market reference price in 4700-5600 yuan / ton, heterogeneous xylene reference 4950-5600 yuan / ton. Xylene solvent market offer 5700 yuan / ton (Zhangjiagang tank), domestic heterogeneous xylene market offer in 4700-5750 yuan / ton (tank). The central branch of Sinopec Changling refinery, xylene: Wuhan petrochemical, China Petrochemical 5550 yuan / ton. Sinopec Southern China Guangzhou Petrochemical Company solvent xylene: the implementation of 5850 yuan / ton, Maoming petrochemical price 5850 yuan / ton; heterogeneous xylene: Guangzhou petrochemical, Zhanjiang Dongxing are the implementation of 5850 yuan / ton. North China sales company Sinopec Qingdao refinery, Tianjin: xylene ethylene and Shijiazhuang refinery implementation of 5600 yuan / ton. Sinopec East China sales company xylene: Yangzi BASF, Zhenhai Refinery quote out 5600 yuan / ton. Liaoning huajintongda chemical Limited by Share Ltd xylene quotation implementation of 5710 yuan / ton, price stability.

The U.S. Energy Information Administration (EIA) issued a short-term energy outlook report, expected 2017 U.S. crude oil production will rise to 9 million barrels per day, while the United States in 2018 crude oil production will rise to 9 million 300 thousand barrels / day. The United States in 2017 the average daily crude oil production will be increased by 110 thousand barrels, and in December was estimated annual reduction of 80 thousand barrels. While the increase in 2017 estimated global crude oil production to 97 million 530 thousand barrels / day. The United States in February WTI crude oil futures on Wednesday (January 18th) fell $1.40, or 2.67%, at $51.08 / barrel. March Brent crude oil futures on Wednesday (January 18th) fell $1.55, or 2.79%, at $53.92 / barrel.

Recently the United States crude oil was trading near $52.29 a barrel, or about 0.33%; in Europe rose significantly, continued to rise. Affected by the crude oil production is expected to rise, prices plunged xylene.