Price trend

According to the data monitoring of business agency, the price of phthalate after the festival was affected by the rise of crude oil, the industrial chain market rose greatly, the price of o-benzene jumped in the third order, and the power of the rise of o-benzene was sufficient. With the decline of crude oil price, the rise of the industrial chain was not supported, and the price of o-benzene fell sharply. As of March 10, Sinopec quoted 6200.00 yuan / ton of o-xylene, down 300 yuan / ton, or 4.62% from the price of 6500 yuan / ton at the beginning of March (March 1).

Crude oil market down

As can be seen from the crude oil price trend chart, WTI crude oil price fell continuously this week, down 3.15%, crude oil price fell, and downstream industry chain market was supported to decline. The price of the industrial chain of o-benzene declined, and the driving force of the rise of o-benzene decreased and the pressure of decline increased.

Mixed xylene market trend

From the price trend chart of mixed xylene, it can be seen that the mixed xylene price first fell and then rose in March, and the mixed xylene market was stable. The price of mixed xylene is stable, the cost of o-xylene is weak and the rising pressure of o-xylene is weakened, and the support for the rise of o-xylene is insufficient.

Future forecast

Bai Jiaxin, an analyst with business agency’s neighbor xylene data, said crude oil fell this week, downstream industry chain market lost support, mixed xylene prices were adjusted in weak volatility, o-benzene costs decreased, orthobenzene rising power decreased, and o-benzene prices fell. In the future, the crude oil market is not strong, the driving force of crude oil price rise is weakened, the cost of o-xylene is decreased, the pressure of the decline of o-xylene increases, and the rising power is weakened. It is expected that the price of the next market is weak and stable temporarily.