First, the price trend

According to business figures, the overall price of domestic xylene fell this week, with an average of 5576 yuan/ton of business at the beginning of the week, and the average price of an enterprise on weekends was a weekly low price, 5550 yuan/ton, and a weekly amplitude of 0.47%.

Ii. Analysis and review 1. Crude oil: Increased concerns about global trade risks, a blow to capital markets, and the highest level of U.S. crude oil inventories since July 2017 offset the impact of OPEC production cuts and tensions in the Middle East, with U.S. stocks plummeting, international oil prices plunging and Brent 68.4-73.2 dollars/barrels.

It is expected that in the short term the crude oil market will still be the main shock, there is some upward possibility. 2, FOB South Korea xylene Reference price affected by crude oil, this weekend began to cut, Sinopec’s branch xylene listed prices reduced.

In terms of inventory, port inventories have been digested this week, with around 83,000 tonnes in eastern China.

3, following last week’s xylene market recovery, price rebound, this week xylene market weak, although there is a certain positive side support, but by the raw materials and demand side of the impact, the price of a decline.

Third, the forecast of the aftermarket Business Society Chemical Branch Xylene analysts believe that: next week, crude oil, focus on the United States crude oil 60 dollars/barrel pass can hold up, positive and negative factors affect the market at the same time, oil price mainstream fluctuation range or between 60-62 dollars/barrel. Second quarter at home and abroad more centralized maintenance, xylene estimated supply will be reduced, market expectations optimistic, next week xylene market or can stop falling and rise.