Price Trend

According to the data of business associations, the domestic xylene market has been in good shape this week, with a weekly increase of about 2.8% due to the attack on Saudi oil fields over the weekend, the sharp rise in short-term oil prices and the low level of port inventory.

II. Analytical Review

1. Products: Influenced by the rise of crude oil upstream and the low level of port inventory, the xylene market has a good trend this week. At present, the mainstream price in East China is around 6500-6550 yuan/ton. According to the feedback from traders, the trading volume fell slightly from last week, and the port inventory remained low, at around 30,000 tons.

2. Industrial chain:

Upstream, crude oil prices rose sharply this week, with spot Brent up 5.57%, Brent futures up 6.81%, WTI futures up 6.19%, Dubai futures up 8.36%.

Downstream, PX market, domestic PX price trend is stable, short-term PX market prices are expected to maintain a stable trend. PTA market, this week’s price trend is stable, CFR China is about 660 U.S. dollars / ton, PTA plant started to increase again, supply pressure, PTA is expected to maintain a stable short-term fluctuation trend. OX market, affected by the rise in mixed xylene, began to rise this week, external price volatility, downstream phthalic anhydride, plasticizer Market warming, is expected to continue to rise in the short term.

3. Future Market Forecast

Xylene analysts from Business, Social and Chemical Branch believe that next week we will continue to focus on the trend of the Middle East situation, the progress of tariff imposition in Sino-US trade negotiations, and the European and American economies are worried about the expected fluctuation of demand for crude oil in the recession prospects. Taken together, it is expected that the toluene market will adjust its trend with minor shocks next week.