According to the Commodity Market Analysis System of Shengyi Society, the mixed xylene market has slightly declined this week. From June 27 to July 4, 2025, the price of mixed xylene has decreased from 6180 yuan/ton to 6120 yuan/ton, a decrease of 0.97%. This cycle, the domestic mixed xylene market has slightly decreased, and downstream demand for crude oil has weakened, leading to a weak atmosphere in the spot market. The Shandong region has been weak this week, with poor demand from downstream chemical and oil blending industries, leading to a decrease in quotes from major refineries. Both supply and demand have shown a weak trend. As the price difference between toluene and xylene continues to narrow, some downstream consumers have turned to buying toluene, resulting in a weak market atmosphere and a slight decline in prices.
Cost wise: The international crude oil market has fluctuated and risen this cycle. As of July 4th, the US WTI crude oil futures were closed for the Independence Day holiday, and the September Brent crude oil futures contract settlement price was $68.30 per barrel.
Supply side:
Sinopec’s xylene quotation summary shows that the company is currently operating normally, with stable production and sales. The company’s quotation remains unchanged from the previous day. As of July 7th, East China Company quoted 6150 yuan/ton, North China Company quoted 5900-6100 yuan/ton, South China Company quoted 6200-6250 yuan/ton, and Central China Company quoted 6000-6150 yuan/ton.
Demand side:
On July 7th, Sinopec Sales Company temporarily stabilized the price of xylene, with a current price of 7250 yuan/ton. This price is implemented in East China, North China, Central China, and South China. Yangzi Petrochemical, Zhenhai Petrochemical and other facilities are operating stably and sales are normal. Reduced by 50 yuan/ton compared to June 30th. As of July 4th, the closing prices of the xylene market in Asia were $815-817/ton FOB Korea and $840-842/ton CFR China, a decrease of $26/ton from June 27th.
Market forecast: The macro performance is weak in the near future, and crude oil prices have been fluctuating sideways, which provides insufficient guidance for the market. From the perspective of supply and demand, refinery and port inventories are operating at a low level, which still provides some support for the market. The downstream intention on the demand side still leans towards rigid demand. Under the atmosphere of supply and demand game, it is expected that the xylene market will mainly experience narrow fluctuations in the short term.