Price trends:
According to the data monitoring of business associations, the implementation of quotation by Sinopec O-Benzene was stable in July. As of July 31, the executed contract price of O-xylene Sinopec was 5,900.00 yuan/ton, which was stable compared with 5,900.00 yuan/ton at the beginning of the month, and 6,200.00 yuan/ton compared with the last price adjustment of o-xylene on June 10. The price fell by 4.84%. Prices fell by 13.71% over the same period last year.
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II. Market analysis:
Product Analysis
In July, the price of Phenyls fell sharply. In Europe, the price of Phenyls fell by about $120 per ton. External quotations fell sharply, the cost of imported Phenyls fell, the port inventory was low and stable, the inventory consumption was slow, the demand for Phenyls was general, and the market for Phenyls in the future was negative. The restart of Fuhai-Chuang’s 240,000 tons/year o-xylene plant was postponed to August. The o-xylene plant of Liaoyang Petrochemical Company and Luoyang Petrochemical Company stopped. The start-up rate of Sinopec’s o-xylene plant was low, and the supply of o-xylene was reduced. In the future, the price of o-phenyl has a greater driving force.
Factor Analysis of Industrial Chain
As can be seen from the chart above, the price of mixed xylene has been rising concussively since the beginning of June, corresponding to the drop in the price of phenyl, the rise in raw material prices, the fall in the price of phenyl and the sufficient momentum for the rise of phenyl. Overall, Phenyls in the future market are good, and Phenyls have an upward momentum.
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As can be seen from the figure, the price of phthalic anhydride has been adjusted by fluctuation, and the overall price is still on the rise. The downstream market is favorable, which has an upward momentum for phthalic anhydride. At the end of July, the price of phthalic anhydride rose again, and the rise of phthalic anhydride in the future may increase, which supports the rise of phthalic anhydride obviously, and the rise of phthalic anhydride in the future is full of momentum.
industry
Since June, the plasticizer market has fallen slightly, by 2.29%, less than the decline in the price of o-phenyl. Overall, there is limited profit margin for o-phenyl, and the rise of plasticizers in the future market may increase, which is good for o-phenyl market.
3. Future market forecast:
According to Bai Jiaxin, an analyst of o-xylene data from business associations, the price of o-xylene remained stable in July, but the ups and downs of the parade were unpredictable. As for raw materials, mixed xylene price shocks have risen, downstream phthalic anhydride and plasticizer market shocks have been adjusted, but overall it is still good for o-phenyl. Compared with the implementation price of Sinopec in June, o-phenyl has accumulated a certain upward momentum. The increase of Sinopec’s implementation price in August is the support of the upward momentum. Adjusting the execution price, alleviating the pressure of the rise of Phenyls in the future, the market of Phenyls in the future is mainly stable. It is expected that the stability of o-phenyl will be maintained in the future, but a small increase in o-phenyl will not be excluded.
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