The price of ortho xylene has increased this week

According to the Commodity Market Analysis System of the Business Society, as of August 14th, the price of ortho xylene was 9000 yuan/ton, an increase of 4.65% compared to the 8600 yuan/ton price of ortho xylene on August 4th last weekend. The price of mixed xylene has increased, while the cost of ortho xylene has increased; The downstream market for phthalic anhydride fluctuated and rose, with stable demand for ortho xylene and cost support. This week, the price of ortho xylene increased.

The market for raw material mixed xylene rose this week

According to the market analysis system of mixed xylene products in the Business Society, as of August 14th, the price of mixed xylene was 8630 yuan/ton, an increase of 410 yuan/ton or 4.99% compared to the price of 8220 yuan/ton on August 4th last weekend. Crude oil prices fluctuate and rise, while naphtha and mixed xylene prices rise, and raw material costs rise, supporting the rise of adjacent xylene market.

Downstream phthalic anhydride market stabilizes after rising

According to the market analysis system of phthalic anhydride products in the business society, as of August 14th, the quotation for ortho phthalic anhydride was 8750 yuan/ton, an increase of 2.34% compared to the price of 8550 yuan/ton on August 4th. The market for phthalic anhydride is stagnant, and the price of phthalic anhydride tends to stabilize after rising. The decline in the price of naphthalene phthalic anhydride is bearish for phthalic anhydride, and plasticizer enterprises are operating at a low level. The demand for phthalic anhydride is weak and tends to stabilize, and the demand for phthalic anhydride is weak, increasing the downward pressure on phthalic xylene.

Future prospects

Analysts from the Business Society believe that the increase in crude oil will lead to an increase in the cost of raw materials for ortho xylene; However, downstream plasticizers are operating at a low level, with weak demand for phthalic anhydride and weak demand for ortho benzene. Affected by the increase in raw material costs in July, the cost supported prices of ortho benzene continued to rise. However, after entering August, the ortho benzene market remained stagnant, with insufficient cost support momentum. The market returned to demand dominance, while the downstream market remained stagnant, increasing the downward pressure on ortho benzene. In the future, there is insufficient support for the rising cost of ortho benzene, and downstream demand for ortho benzene is stagnant. It is expected that ortho benzene prices will stabilize in the future.