1、 Price trend:

According to the data monitoring of business agency, the price of o-xylene Sinopec contract fell for many times in March. Influenced by the sharp drop in crude oil, the price of o-xylene was lowered for many times in March. As of March 31, the contract price of o-xylene Sinopec was 4300.00 yuan / ton, down 1500 yuan / ton or 25.86% compared with 5800.00 yuan / ton at the beginning of the month. Compared with the same period last year, the price fell 36.76%. The price of o-benzene has reached a new low in recent years.

2、 Market analysis:

On March 30, the ox commodity index was 36.71, which was the same as that of yesterday, setting a new low in the cycle, 63.29% lower than the peak of 100.00 on March 7, 2013. (Note: cycle refers to 2013-02-01 to now). The price of o-xylene hit a new low in history, mainly due to the impact of crude oil price plummeted, the price of raw materials of o-xylene fell sharply, the cost of o-xylene fell, there was a large space for o-xylene to fall, and the market of o-xylene was negative.

Crude oil price plummets and affects o-benzene industry chain

It can be seen from the trend of crude oil price in March that crude oil price fell sharply in March, of which Brent crude oil price fell by 48.93% since March and WTI crude oil by 57.34% in March. Crude oil prices hit a 20-year low in March. Crude oil price dropped sharply, and it was transmitted to the downstream. The cost of raw materials for chemical products decreased, and the cost of ortho benzene decreased. The price of ortho benzene followed the decline, and the market of ortho benzene was negative.

It can be seen from the up and down chart of ortho benzene industrial chain that the price of ortho benzene raw materials has dropped sharply, and the cost of ortho benzene has dropped; the price of downstream products of ortho benzene has fallen, which is bad for the market of ortho benzene, and the pressure of ortho benzene drop is large.

3、 Future forecast:

According to Bai Jiaxin, data analyst of o-xylene of the business association, affected by the sharp drop in crude oil, the industry chain of o-xylene fell as a whole, the price of raw materials of o-benzene fell, the cost of o-benzene fell, the potential for o-benzene to fall was large, the price of downstream products of o-benzene fell, the pressure for o-benzene to fall was large, and the market of o-benzene was negative. Generally speaking, the decline of crude oil price is bad for the industrial chain of o-benzene, and the short-term growth momentum of o-benzene is insufficient and the downward pressure is large. In terms of demand, the enterprises gradually resume construction, but the overall demand is expected to decline, which has little impact on the industrial chain, and the market of the industrial chain is more bearish. With the stability of the crude oil market, the downward pressure of the industrial chain is weakened. Generally speaking, the market of o-benzene is weak, but the downward pressure of o-benzene price is reduced. It is expected that the price of ortho benzene in the future will be weak and stable, and the downward pressure will be weakened.