I. price trend:

 

According to the data monitoring of business agency, the quotation of o-xylene Sinopec contract was stable and o-xylene market was stable in November. As of November 30, the contract price of o-xylene Sinopec was 6200.00 yuan / ton, which was stable compared with the price of 6200.00 yuan / ton at the beginning of the month. The price is 16.22% lower than that of the same period last year.

 

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II. Market analysis:

 

Product analysis

 

In November, the price of benzene was slightly fluctuating and fell. On November 29, the price of benzene in Europe was 860 US dollars / ton, down 5 US dollars / ton compared with the beginning of the month; the price of benzene in China was 753 US dollars / ton, down 7 US dollars / ton compared with the beginning of the month; the price of benzene in South Korea and Southeast Asia was down 7 US dollars / ton. In November, the external price of ortho benzene fell, the price of imported ortho benzene fell, the port ortho benzene market fell, the port inventory rose but remained at a low level, and the negative pressure of the future ortho benzene market increased, and the positive momentum weakened. Sinopec’s listing price of o-xylene in East China is 6200 yuan / ton, the supply of o-xylene is stable, the purchasing enthusiasm of the downstream of o-xylene is general, the purchasing enthusiasm of o-xylene is poor, the favorable momentum of the future o-xylene market is insufficient, and the downward pressure is large.

 

Factor analysis of industrial chain

 

In November, the price of mixed xylene rose first and then fell. In November, the overall price rose 3.81%. The price of raw material mixed xylene rose in November, and the cost of o-benzene rose. Since late November, the price of mixed xylene fell, and the market of mixed xylene was generally negative for the o-benzene market in the future. At the same time, because mixed xylene was in the rising range in November, the pressure of o-benzene falling was relatively small, and the market of mixed xylene was negative

 

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In November, the price of phthalic anhydride fell in shock, which was negative for ortho benzene market. In terms of plasticizers, DOP market fell in November, while the downward pressure in the future increased and the upward momentum was weak. In November, the market of phthalic anhydride, plasticizer and other downstream products fell, while the market of phthalic anhydride and plasticizer was negative. In the last ten days, the market of phthalic anhydride and plasticizer recovered. The market of phthalic acid had a certain upward momentum, but the upward momentum was limited. The overall industrial chain was weaker, and the negative increased. The downward pressure of the future market of phthalic acid increased and the upward momentum weakened.

 

3. Future forecast:

 

According to Bai Jiaxin, data analyst of o-xylene of business association, in November, the price of o-xylene raw materials mixed with xylene rose in shock, and the cost of o-benzene rose, which gave a certain impetus to the market of o-benzene; in terms of demand, in November, the market of phthalic anhydride fell in shock, the market of o-benzene was negative, the market of plasticizer fell in shock, and the downstream demand of o-benzene declined in general, while the market of o-benzene was negative; in terms of external market, the market of o-benzene in November External quotation slightly fell, port inventory rose, on the domestic market for neighboring benzene negative. To sum up, in November, the market of o-xylene was more bearish and less favorable, while the market of o-xylene was under more downward pressure. At the same time, the downstream market recovered in late November, the production cost of ortho benzene increased, and the decline space of ortho benzene was limited. It is expected that the future market of ortho benzene will be weak and stable.

 

The future market should focus on: the price trend of downstream phthalic anhydride and plasticizer. Attention can be paid to: o-benzene cost and o-benzene outer disk.

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