The price of O-Xylene is temporarily stable this week

According to the commodity market analysis system of the business community, as of July 14, the price of O-Xylene was 8100 yuan/ton, which was temporarily stable compared with the price of O-Xylene 8100 yuan/ton on July 7 last weekend; Compared to July 1st at the beginning of the month, prices have stabilized. The price of mixed xylene rose sharply, the downstream market of phthalic anhydride rose in a volatile manner, the upstream and downstream markets of ortho benzene rose together, and the market of ortho benzene industry chain recovered. The price of O-Xylene was temporarily stable this week.

The market for raw material mixed xylene has significantly increased this week

According to the market analysis system of mixed xylene products in the Business Society, as of July 14th, the price of mixed xylene was 7700 yuan/ton, an increase of 160 yuan/ton or 2.12% compared to the price of 7540 yuan/ton on July 7th last weekend; The price of mixed xylene increased by 4.90% to 7340 yuan/ton compared to July 1st at the beginning of the month. The price of crude oil rose sharply, the price of Naphtha and mixed xylene rose in shock, the cost of raw materials rose, and the market of O-Xylene gained momentum.

Downstream phthalic anhydride market rebounds and rises

According to the analysis system of the market for phthalic anhydride products in the business society, as of July 14th, the quotation for ortho phthalic anhydride was 7750 yuan/ton, an increase of 1.64% compared to the 7625 yuan/ton price of phthalic anhydride on July 7th last weekend; The price of phthalic anhydride increased by 0.65% compared to 7700 yuan/ton on July 1st at the beginning of the month. The phthalic anhydride unit stopped for a short time, the phthalic anhydride price rebounded and rose this week, the downstream demand of ortho xylene was stable, and the upward momentum of O-Xylene market remained.

Future prospects

According to the O-Xylene data analysts of the business community, the price of Naphtha and mixed xylene has risen, and the cost of raw materials has risen due to the rise of crude oil; The phthalic anhydride unit stopped for a short time, the price of phthalic anhydride rebounded and rose, and the support for the rise of O-Xylene increased. In the future, the price of raw materials mixed with xylene has increased, while the cost of ortho benzene has increased; The price of phthalic anhydride has rebounded and risen, with strong downstream demand for ortho benzene and stable demand for rising costs. It is expected that ortho benzene prices will fluctuate and rise in the future.