The price increase of ortho xylene slowed down in April

According to the Commodity Market Analysis System of the Business Society, as of April 26, the price of ortho xylene was 8800 yuan/ton, an increase of 2.23% compared to the price of 8600 yuan/ton as of March 31 of the previous month. In January, the price of ortho xylene decreased by 3.85%; In February, the price of ortho xylene surged by 6.67%; In March, the price of ortho xylene skyrocketed, increasing by 7.50%. In April, the upward trend of ortho xylene market slowed down, while the price of mixed xylene stopped rising and fell. The downstream phthalic anhydride market fluctuated and fell, and the support for the rise of ortho xylene industry chain weakened and the downward pressure increased.

The market for raw material mixed xylene in April stopped rising and fell

According to the market analysis system of mixed xylene products in the Business Society, as of April 26, the price of mixed xylene was 7830 yuan/ton, which was a decrease of 3.43% compared to March 31 when the price of mixed xylene was 7570 yuan/ton. In April, crude oil prices first rose and then fell, while mixed xylene prices stopped rising and fell. The cost of ortho xylene decreased, and the upward momentum of ortho xylene weakened and the downward pressure increased.

Downstream phthalic anhydride market declined in April

According to the market analysis system for phthalic anhydride products in the Business Society, as of April 26th, the quotation for phthalic anhydride from neighboring countries was 8375 yuan/ton, a decrease of 2.90% compared to the price of 8625 yuan/ton on April 1st. In April, the price of phthalic anhydride fell, the market for phthalic anhydride fell, and the downward pressure on orthoxylene increased.

Future prospects

Analysts from the Business Society’s neighboring xylene data believe that in April, the market of the neighboring xylene industry chain weakened, with crude oil prices rising first and then falling. The price of mixed xylene stopped rising and fell, while the price of phthalic anhydride fluctuated and fell. The support for the rising cost of neighboring xylene weakened, and the downward pressure increased. The downstream market weakened and demand weakened. In the future, the cost of ortho xylene will weaken, and demand will be weak. The ortho xylene industry chain will weaken, and it is expected that the price of ortho xylene will remain weak and stable in the future.