The price of ortho xylene is weak and temporarily stable this week

According to the Commodity Market Analysis System of the Business Society, as of October 13th, the price of ortho xylene was 8700 yuan/ton, a decrease of 500 yuan/ton or 5.43% compared to the 9200 yuan/ton price of ortho xylene on October 1st; Compared to October 9th, the price of ortho benzene is temporarily stable at 8700 yuan/ton. This week, crude oil prices rebounded and adjusted, mixed xylene prices fluctuated and fell, and the cost of ortho benzene decreased; The downstream market for phthalic anhydride fluctuated and fell, with weak demand for ortho benzene and weak demand for cost reduction. This week, ortho xylene prices were weak and temporarily stable.

This week, the raw material mixed xylene market fluctuated and fell

According to the market analysis system of mixed xylene products in the Business Society, as of October 13th, the price of mixed xylene was 8000 yuan/ton, a decrease of 2.44% compared to the price of 8200 yuan/ton on October 8th. Crude oil prices have rebounded and adjusted, mixed xylene prices have fluctuated and fallen, raw material costs have decreased, and the downward pressure on adjacent xylene market has increased.

Downstream phthalic anhydride market fluctuates and falls this week

According to the market analysis system for phthalic anhydride products in the Business Society, as of October 13th, the quotation for neighboring phthalic anhydride was 8387.50 yuan/ton, a decrease of 2.47% compared to the price of 8600 yuan/ton on October 8th. The price of Naifa phthalic anhydride has decreased, the cost of phthalic anhydride has decreased, the phthalic anhydride market is operating cautiously, terminal demand remains cold, downstream procurement enthusiasm is poor, and the price of phthalic anhydride has fluctuated and fallen.

Future prospects

Analysts from Business Society’s adjacent xylene data believe that crude oil prices have rebounded and adjusted this week, mixed xylene prices have fluctuated and fallen, and the cost of raw materials for adjacent xylene has decreased; The price of phthalic anhydride has fluctuated and fallen, and the market for phthalic anhydride is weak. The downstream demand for adjacent benzene is still weak. In the future, both the upstream and downstream markets of the ortho benzene industry chain have declined, and the cost of ortho benzene has decreased. The demand for ortho benzene is weak, and it is expected that ortho benzene prices will fluctuate and fall in the future.