According to the Commodity Market Analysis System of Shengyi Society, the xylene market will experience a volatile downward trend in August 2025. From August 1st to 29th, the domestic market price of xylene fell from 6070 yuan/ton to 5680 yuan/ton, with a cumulative decrease of 6.43% during the period.

In the first half of this cycle, the overall decline of the domestic mixed xylene market and the overall weakness of the crude oil market dragged down the mentality of the spot market. Affected by low downstream purchasing intentions, the factory prices in Shandong have been continuously lowered. During the week, the supply in East and South China was relatively loose, downstream demand was weak, and overall market prices declined.
Late period: The xylene market experienced relatively small fluctuations in this cycle, with only a narrow downward adjustment. The listing prices of the main refineries in Shandong Province have been slightly reduced, with a narrow adjustment. Downstream chemical enterprises have still shown positive enthusiasm for entering the market, and the market trend is relatively stable. Downstream in both East and South China regions urgently need to replenish inventory, and the market performance is relatively stable. The factory prices of surrounding main refineries remain firm, and the supply and demand situation is relatively stable.
Cost wise: As of the 26th, the settlement price of the October WTI crude oil futures contract in the United States was $63.25 per barrel, and the settlement price of the October Brent crude oil futures contract was $67.22 per barrel. During this round of price adjustment cycle, crude oil prices were mainly volatile. On the one hand, OPEC+announced a cumulative increase in production of 2.3 million barrels per day by September, marking the organization’s exit from its plan to reduce production by over 2.2 million barrels per day one year ahead of schedule. This news is bearish for the oil market. On the other hand, the tense situation in Europe and the upcoming peace talks have led to a weakening of geopolitical supply risks, negative global macro data, and the expectation of the Federal Reserve’s interest rate cut in September, making it difficult for the crude oil market to have positive support.
Supply side:
Sinopec’s xylene quotation summary shows that the company is currently operating normally, with stable production and sales. The company’s quotation remains unchanged from the previous day. As of August 29th, East China Company quoted 5700 yuan/ton, North China Company quoted 5600-5750 yuan/ton, South China Company quoted 5750 yuan/ton, and Central China Company quoted 5600-5650 yuan/ton.
Demand side:
According to the Commodity Market Analysis System of Shengyi Society, as of August 29, 2025, the price of xylene by Sinopec Sales Company has temporarily stabilized, with a current execution price of 7200 yuan/ton. This price is being implemented in East China, North China, Central China, and South China. Yangzi Petrochemical, Zhenhai Petrochemical and other facilities are operating stably and selling normally, with a price reduction of 50 yuan/ton compared to July 30. As of August 28th, the closing prices of the xylene market in Asia were $822-824/ton FOB Korea and $847-849/ton CFR China, a decrease of 19 yuan/ton from July 30th.
Market forecast: In terms of supply, the recent changes are relatively small, and the overall export situation of enterprises is relatively stable. In terms of shipping schedules, the recent arrival situation at ports is still acceptable, and the overall performance of the supply side is relatively stable. On the demand side, there is little room for further increase in the operating rate of PX enterprises in the near future, and the purchasing intention in the future is relatively stable. The performance of the oil blending market is biased towards demand. Overall, under the weak impact of supply and demand, it is expected that the xylene market will mainly operate steadily with a moderate to weak trend.