First, the price trend:

According to data from the business community, the price of ortho-benzene increased sharply this week. At the end of this week, the price of o-xylene was 7,837.50 yuan/ton, which was an increase of 500 yuan/ton from the price of o-xylene (OX) of 7562.50 yuan/ton on August 10, or 3.64%, up 31.72% year-on-year.

Second, the market analysis:

Product:

This week, the inventory of phthalene in the East China Port remained at a low level. As of August 17, the inventory of Huadong Port was about 30,000 tons. The price of phthalate external disk continued to be high. On August 17, the market for the o-xylene market in Europe was quoted at US$970.00/ton FOB Amsterdam, Rotterdam and Antwerp, which was stable compared with the last week. The price of phthalate external disk was high, the cost of imported benzene increased, the price of imported benzene increased, and the price of benzene in port area increased significantly. The rising price of benzene in the port has prompted the domestic price of o-xylene to rise, and the growth of benzene is full.

Industry chain:

Mixed xylene prices fell this week, and the cost of o-xylene decreased. On August 17th, the price of mixed xylene was 6,658.18 yuan/ton, which was 6670.91 yuan/ton compared with last weekend (August 10). The price fell by 12.73 yuan/ton, a decrease of 0.19%. The price of mixed xylenes fell, the cost of o-xylene decreased, the momentum of the growth of o-benzene market weakened, and the decline of o-benzene stocks was possible.

Third, the market outlook:

Baijiaxin, an analyst of o-xylene data in the business community, believes that the price of phthalate external disk is at a high level, the price of phthalate in the port remains high, and the stock of benzene in the port is low, which plays a positive role in maintaining the domestic benzene high market. The price of mixed xylene in domestic benzene raw materials has decreased, and the cost of ortho-benzene has decreased, which is negative for the rise in the price of ortho-benzene. The port’s benzene stocks are at a low level, and the market’s soaring voice is highlighted. Moreover, the Sino-US trade war has intensified. China has imposed a 25% tariff on its neighboring benzene imported from the United States, further increasing the cost of importing ortho-benzene. The price of phthalonitrile external disk is unlikely to decline in the short term, and the strong neighboring benzene factor is strong. The growth of o-benzene is full, but due to the rapid growth of phthalate in the early stage and the decline in the price of raw materials, it is expected that the rise of phthalene in the market may be lower, and the market for benzene in the market will remain stable.