The price of ortho benzene rose this week

It can be seen from the trend chart of the price of ortho xylene of the business community that the price of ortho xylene rose this week, the price of ortho xylene in the external market rose in shock, and the price of ortho xylene in China rose. As of September 23, the price of ortho benzene was 9000 yuan/ton, up 4.65% from 8600 yuan/ton on September 16 last weekend. The supply shortage of ortho benzene remained this week, and the ortho benzene market rose.

Recently, the price of ortho xylene in the external market fluctuated and rose, and the inventory of major domestic ortho xylene ports declined. In 2022, the import volume of ortho xylene in August was basically zero, and the export volume in August was 781 tons. The inventory of ortho xylene ports declined significantly, and the supply of ortho xylene at ports was tight.

The price of raw materials fell

It can be seen from the price trend chart of mixed xylene of the business community that as of September 23, the price of mixed xylene was 8080 yuan/ton, down 1.22% from the price of 8180 yuan/ton on September 16 last weekend. Crude oil fell in shock this week, with poor cost support; The domestic logistics and transportation are limited, the gasoline market is weak, the actual negotiation of the mixed xylene market is limited, and the enthusiasm for preparing goods before the festival is not high. The bad news is suppressed, and the mixed xylene fluctuates. The cost of o-xylene decreased, and the pressure on o-xylene to decline increased.

Downstream demand rising

It can be seen from the trend chart of phthalic anhydride price of the business community that the price of phthalic anhydride has risen sharply recently. As of September 23, the price of phthalic anhydride was 10300 yuan/ton, up 7.29% from 9600 yuan/ton on September 16 last weekend. Recently, the supply of goods in the phthalic anhydride plant is tight. Some domestic devices have been overhauled. The 120000 ton phthalic anhydride plant in Tongling, Anhui Province has been shut down for overhaul for about a month, and the 100000 ton phthalic anhydride plant in Xinyang Group has been shut down. It is expected that the start-up will be restarted after the National Day. The domestic spot supply of phthalic anhydride is tight, and the price of phthalic anhydride in the plant will rise sharply. The demand is good, and the rising power of o-xylene is increased.

Future outlook

The analysts of the ortho xylene data of the business community believed that the price of raw materials, mixed xylene, fell slightly, and there was a certain downward pressure on the ortho xylene market. However, the ortho xylene manufacturers maintained more, the ortho xylene supply declined, and the export channel of ortho xylene was opened. The downstream demand for phthalic anhydride was good, the demand for ortho xylene rose, and there were many positive factors. In addition, the enterprises were stocking up before the National Day, and the ortho xylene price continued to rise in the future.