The price of o-xylene rose this week
| PVA |
According to the price trend chart of ortho-xylene of the business agency, the price of ortho-xylene was 8300 yuan/ton as of March 3, up 3.75% from 8000 yuan/ton on February 24. The market of o-xylene industry chain rose, and the domestic o-xylene market rose this week.
The market of raw material mixed xylene rose this week
It can be seen from the mixed xylene price trend chart of the business agency that as of March 3, the price of mixed xylene was 7480 yuan/ton, up 1.49% from 7370 yuan/ton on February 24. This week, crude oil prices rose in shock, naphtha prices rose, mixed xylene prices rose, o-xylene cost support was greater, and o-xylene rose with greater momentum.
| PVA 1799 (PVA BF17) |
The downstream phthalic anhydride market rose this week
It can be seen from the price trend chart of phthalic anhydride of the business community that the price of ortho-functional phthalic anhydride was 8475 yuan/ton as of March 3, up 1.80% from the price of 8325 yuan/ton on February 24. Downstream demand rebounded, and the market of orthophthalic anhydride rose this week; However, the rise of phthalic anhydride was less than that of o-xylene, and the support for the rise of o-xylene was limited.
Future prospects
According to the analyst of Ortho-xylene data of the business agency, the market of the upstream and downstream of the Ortho-xylene industrial chain warmed up this week, the price of mixed xylene rose, and the price of phthalic anhydride rose in shock, but the rise of phthalic anhydride and mixed xylene was less than that of Ortho-xylene, and the support for the rise of Ortho-xylene was limited. In the future, the demand for ortho-xylene will recover from the rising cost, and the price of ortho-xylene will remain strong. It is expected that the price of ortho-xylene will stabilize in the future, but it will be supported by a large increase.
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