According to the Commodity Market Analysis System of Shengyi Society, the mixed xylene market has slightly increased this week, rising from 6010 yuan/ton to 6070 yuan/ton from July 28 to August 4, 2025, an increase of 1%. The domestic mixed xylene market overall closed higher this cycle, with petrochemical plant maintenance in Shandong region. The supply in the region is tight, and refineries have generally raised their ex factory prices. The port inventory in East and South China is relatively low, and downstream market enthusiasm is still acceptable, resulting in a slight increase in market prices.
Cost wise: As of August 1st, international crude oil futures closed down, with the settlement price of the September WTI crude oil futures contract in the United States at $67.33 per barrel. The settlement price of Brent crude oil futures for October contract is $69.67 per barrel. The market is concerned that OPEC may increase oil production, coupled with US employment data dragging down the demand outlook.
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 August 4th, East China Company quoted 6150 yuan/ton, North China Company quoted 5750-5950 yuan/ton, South China Company quoted 6150-6200 yuan/ton, and Central China Company quoted 5800-6050 yuan/ton.
Demand side:
On August 4th, Sinopec Sales Company temporarily stabilized the price of xylene, with the current execution price of 7000 yuan/ton. This price is implemented in East China, North China, Central China, and South China. Yangzi Petrochemical, Zhenhai Petrochemical and other units are operating stably and sales are normal. The price has been reduced by 250 yuan/ton compared to July 28th. As of August 1st, the closing prices of the xylene market in Asia were $834-836/ton FOB Korea and $859-861/ton CFR China, a decrease of $13/ton from July 25th.
Market forecast: In terms of supply, the recent arrival situation in Hong Kong is not good, and the market supply is tight, which will provide a certain boost to the market in the short term. From the demand side, the downstream chemical and oil blending industries are performing well, and there are some purchasing intentions in the oil blending industry. Supported by favorable supply side conditions, it is expected that the market will rebound slightly in the short term, but the overall upward space is limited.