1、 Price trend

According to the data in the business club’s bulk list, the domestic isomeric xylene market surged higher and fell this week, up 1.15% as of Friday.

2、 Analysis and comment

1. Product: compared with last week, affected by the sudden tension between the United States and Iraq in the first half of the week, the market quickly increased. In the second half of the week, due to the slowing down of the relationship between the United States and Iraq, the market fell in shock. At present, the mainstream price in East China is about 5700-5800 yuan / ton. According to the feedback from traders, last week’s trading volume was average, and port inventory rose slightly, about 28000 tons.

2. Industrial chain:

Upstream, in terms of crude oil, this week’s oil prices generally showed a volatile downward trend. As of Friday, spot Brent fell 4.72%, Brent futures fell 3.46%, WTI futures fell 0.94%, and Dubai futures fell 3.30%.

Downstream, in PX market, the price of domestic market is stable this week, at present, it is about 6900 yuan / ton, and the latest price of external market is about 802-804 US dollars / ton FOB South Korea and 822-824 US dollars / ton CFR China. It is expected that PX market price will maintain 6900 yuan / ton next week. In terms of PTA market, the price of external market is about 615-620 US dollars / ton, while the price of domestic PTA spot market continues to slightly callback, and it is expected that PTA market will remain volatile in the short term. In the ox market, Sinopec’s price of o-benzene was flat, at 6300 yuan / ton. The external price of o-benzene rose, and it is expected that o-benzene will maintain a small fluctuation trend in the future.

3、 Future forecast

Xylene analysts from the chemical branch of business society think: next week, we will continue to focus on market turnover, port inventory and crude oil trend. Overall, toluene market is expected to continue to fluctuate next Tuesday due to the approaching Spring Festival holiday.