The market for ortho xylene remained stable this week
According to the commodity market analysis system of Business Society, as of May 9th, 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 fell weakly, and the cost support for adjacent xylene was limited this week; The price of phthalic anhydride has slightly decreased, and the demand for ortho xylene is insufficient, with limited cost and demand support. The price of ortho xylene has temporarily stabilized this week.
The price of mixed xylene raw material has slightly decreased
According to the mixed xylene commodity market analysis system of Business Society, as of May 9th, the quoted price of mixed xylene was 7600 yuan/ton, a decrease of 1.04% from the price of mixed xylene on May 1st, which was 7680 yuan/ton. The high price of crude oil has fallen, and the cost of mixed xylene has decreased; Downstream enterprises are experiencing an increase in maintenance, resulting in weak demand for mixed xylene. In the second quarter, some mixed xylene equipment has maintenance plans, and the supply of mixed xylene is expected to decrease. Both supply and demand have declined, and mixed xylene is facing significant downward pressure with insufficient upward support.
Downstream phthalic anhydride market slightly declined
According to the market analysis system for phthalic anhydride products by Business Society, as of May 9th, the quoted price of phthalic anhydride was 7700 yuan/ton, a decrease of 0.26% compared to the price of phthalic anhydride on May 1st, which was 7720 yuan/ton. In May, phthalic anhydride continued its downward trend in late April and slightly declined. Insufficient cost support, stabilizing the price of phthalic anhydride; The demand is poor, and the price of phthalic anhydride is weak and tends to stabilize. The high price of phthalic anhydride in Naifa has fallen, and the support for the rise of phthalic anhydride in neighboring countries has weakened.
Future prospects
According to analysts from Business Society’s neighboring xylene data, in terms of cost, the price of mixed xylene has slightly decreased, and the pressure of neighboring xylene cost decline still exists; In terms of supply and demand, the supply of ortho xylene is tight and the demand is weak, with insufficient support for the rise of ortho xylene. Overall, there is insufficient supply and demand support for cost reduction, and there is still downward pressure on the neighboring benzene market in the future.