1、 Price trend
The domestic isomerized xylene market was stable and volatile this week, down about 0.89% as of Friday, according to the data in the large list of business agencies.
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2、 Analysis and comment
1. Product: compared with last week, the market trend of this week is slightly fluctuating. At present, the mainstream price in East China is about 5700 yuan / ton. According to the feedback from traders, last week’s trading volume was average, and port inventory rose slightly, about 25000 tons.
2. Industrial chain:
Upstream, in terms of crude oil, this week’s oil prices generally showed a volatile downward trend. As of Friday, spot Brent fell 4.72%, Brent futures fell 3.46%, WTI futures fell 0.94%, and Dubai futures fell 3.30%.
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Downstream, in PX market, the price of domestic market has increased. At present, it is about 6900 yuan / ton. The price of external market is about 814-816 US dollars / ton FOB South Korea and 834-836 US dollars / ton CFR China. It is expected that the price of PX market will maintain 6900 yuan / ton next week. In terms of PTA market, the external price is about $615 / ton, while the domestic PTA spot market price continues to rebound slightly, and it is expected that the PTA market will remain weak in the short term. In the ox market, Sinopec’s price of o-benzene rose at 6300 yuan / ton, and the price of o-benzene rose in the external market. It is expected that the trend of o-benzene in the future will maintain a small fluctuation.
3、 Future forecast
Xylene analysts from the chemical branch of business society think: next week, we will continue to focus on market turnover, port inventory and crude oil trend. Overall, toluene market is expected to continue to fluctuate next Tuesday.
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