Price Trend
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According to the data of business associations, the overall price of xylene in China has fallen recently.
II. Analytical Review
1. Crude oil: Saudi oil pipeline was attacked, OPEC cut production significantly in April. Yesterday, international oil prices rebounded, and the global stock market rose, which also boosted the atmosphere of the oil market;
| ammonium persulfate |
2. Outside: Yesterday (as of 16:00 Beijing time on May 14), the reference price of isomeric mixed xylene in the Korean market was about 699 US dollars/ton, down 17 US dollars/ton from the previous trading day.
3. Comment: At present, the market information is complex, the trading atmosphere is wait-and-see, the negotiations are not good, and the supply and demand are at a standstill stage. Although the supply side of Shandong market has some favorable support, the demand side has not improved. Xylene market prices continue to decline, and it is expected that it will be difficult to break through in the short term.