The market for ortho xylene is temporarily stable this week

According to the Commodity Market Analysis System of Business Society, as of May 21st, the price of ortho xylene was 8300 yuan/ton, which is temporarily stable compared to the price of ortho xylene on May 1st, which was 8300 yuan/ton. The industrial chain support is limited, and the ortho xylene market remained stable this week.

The price of mixed xylene has stopped falling and risen, and the cost support for adjacent xylene has increased this week; The price of phthalic anhydride has stopped rising and stabilized, while the demand support for ortho xylene has weakened. The price of ortho xylene has temporarily stabilized this week.

The price of raw material mixed with xylene has stopped falling and risen

According to the mixed xylene commodity market analysis system of Business Society, as of May 21, the quoted price of mixed xylene was 7560 yuan/ton, an increase of 1.34% from the price of mixed xylene on May 14, which was 7460 yuan/ton. Crude oil prices have stopped falling and rebounded, while the cost of mixed xylene has increased. Some mixed xylene equipment has maintenance plans, and the supply of mixed xylene is expected to decrease. The rise of mixed xylene provides significant support.

Downstream phthalic anhydride market tends to stabilize after rising

According to the market analysis system for phthalic anhydride products by Business Society, as of May 21, the quoted price of phthalic anhydride was 7950 yuan/ton, an increase of 2.75% compared to the price of phthalic anhydride on May 14, which was 7737.50 yuan/ton; Compared to May 1st, the price of phthalic anhydride increased by 2.98% to 7720 yuan/ton. This week, the market for phthalic anhydride has rebounded. The cost of naphthalene phthalic anhydride has increased, sales are good, and the supply of ortho phthalic anhydride is tight. The market price of phthalic anhydride is strong, and downstream demand is strong. Purchasing high priced phthalic anhydride is cautious, and it is expected that the market will operate at a high level in the short term.

Future prospects

According to analysts from Business Society’s neighboring xylene data, in terms of cost, the price of mixed xylene has stopped falling and risen, and the cost support for neighboring xylene has increased; In terms of supply and demand, the price of phthalic anhydride has stabilized after rising, while the supply of ortho benzene has tightened and the demand has stabilized. The support for the rise of ortho benzene still exists. Overall, the supply and demand support for rising costs has weakened, and there is still support for the future rise in the neighboring benzene market.