The price of ortho xylene stabilized after rising in August
| povidone Iodine |
According to the Commodity Market Analysis System of the Business Society, as of August 30th, the price of ortho xylene was 9000 yuan/ton, an increase of 4.65% compared to the price of 8600 yuan/ton on August 1st at the beginning of the month; Compared to last weekend, the price has increased by 8.43% to 8300 yuan/ton. The price of mixed xylene rose first and then fell, while the cost of adjacent xylene stopped rising and fell; The downstream market for phthalic anhydride first rose and then fell, and the demand for ortho benzene weakened. The cost decreased, and the price of ortho xylene stabilized after rising in August.
The raw material mixed xylene market rose first and then fell in August
According to the market analysis system of mixed xylene products in the Business Society, as of August 30th, the price of mixed xylene was 8380 yuan/ton, an increase of 200 yuan/ton or 2.44% compared to the price of 8180 yuan/ton on August 1st at the beginning of the month. In August, crude oil showed a trend of rising and falling, with prices of naphtha and mixed xylene rising first and then falling. Cost support was not there, and downstream buying enthusiasm weakened. The market’s upward momentum was weak, and mixed xylene prices fell from high levels. The cost of raw materials has decreased, and the market for ortho xylene has declined.
Downstream phthalic anhydride market stops rising and falls
| Azodicarbonamide (AC foaming Agent) |
According to the market analysis system for phthalic anhydride products in the Business Society, as of August 30th, the quotation for ortho phthalic anhydride was 8600 yuan/ton, an increase of 0.58% compared to the price of 8550 yuan/ton on August 1st. In August, the market for phthalic anhydride remained stagnant, and the price of phthalic anhydride stopped rising and fell. The decline in the price of naphthalene phthalic anhydride was bearish for ortho phthalic anhydride, and plasticizer enterprises started operating at a low level. The demand for phthalic anhydride was weak, and ortho xylene demand weakened, increasing the downward pressure on ortho xylene.
Future prospects
Analysts from Business Society’s adjacent xylene data believe that in terms of costs, the high crude oil prices in August fell, while the prices of naphtha and mixed xylene first rose and then fell, and the raw material costs of adjacent xylene decreased; In terms of demand, downstream plasticizers are operating at a low level, demand for phthalic anhydride is weak, the market for phthalic anhydride is stagnant, and demand for ortho benzene is weakening. In the future, the cost of ortho benzene has decreased and demand is weak, while the rise of ortho xylene is weak. It is expected that ortho benzene prices will become weak and stable in the future.
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