I. price trend:
According to the data monitoring of the business agency, the quotation of Sinopec orthobenzene contract was stable this week. As of November 25, the contract price of o-xylene Sinopec was 6200.00 yuan / ton, which was stable compared with the price of o-xylene at the beginning of the week (November 18). The price is 16.22% lower than that of the same period last year. The price of o-benzene is stable and the market of o-benzene is strong and stable.
II. Market analysis:
Product analysis
Commodity name 「 quotation type 」 port 」 11.22 price 」 11.15 price 」 11.8 price 」 11.1 price 」 unit
O-xylene CFR China 755.00 760.00 760.00 760.00 760.00 USD / ton
O-xylene CFR Southeast Asia 785.00 790.00 790.00 790.00 790.00 USD / ton
O-xylene FOB South Korea 750.00 755.00 755.00 755.00 755.00 USD / ton
O-xylene FOB Rotterdam 865.00 865.00 865.00 865.00 865.00 865.00 USD / ton
© November 2019 business club www.100ppi.com
This week, the price of benzene was volatile and fell, while the price of benzene in China, Southeast Asia and South Korea fell 5 US dollars / ton. The external price of ortho benzene fell, the import price of ortho benzene remained stable, the port price of ortho benzene was stable, the port inventory was low, the future market of ortho benzene was still under negative pressure, and the positive momentum was insufficient. Sinopec’s listing price of ortho benzene in East China is 6200 yuan / ton, the supply of ortho xylene is stable, the purchasing enthusiasm of the downstream of ortho benzene is general, the purchasing power of ortho benzene is poor, the favorable power of the future ortho benzene market is insufficient, and the downward pressure is weakened.
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Factor analysis of industrial chain
The price of mixed xylene rose in shock this week. The market of mixed xylene rose first and then fell. The overall shock rose. The rising price of raw materials was good for the market of o-benzene, the cost of o-benzene increased, the market of o-benzene weakened, the market of o-benzene weakened, and the market of o-benzene decreased. The overall cost of ortho benzene has increased, and the benefit of ortho benzene in the future has increased. At the same time, because the price of mixed xylene rises first and then falls, the driving force for the rise of mixed xylene p-o-benzene is limited, the cost of o-benzene rises in shock, the driving force for the rise of o-benzene in the future is general, and the overall market of o-benzene in the future is good but the driving force for the rise is general.
This week, the price of phthalic anhydride fluctuated slightly and rose. The market of phthalic anhydride is good for ortho benzene, but the good is limited. The downstream demand of ortho benzene rose this week, but the rising momentum is general, and the overall market is good. In terms of plasticizers, this week’s DOP market was weak and stable, while the downward pressure weakened and the upward momentum increased. With the market recovery of downstream products such as plasticizers, ortho benzene market has a certain upward momentum. Overall, the downward pressure of ortho benzene Market weakens and the upward momentum increases, but the upward momentum of ortho benzene is still insufficient. The market of ortho benzene market is mainly strong and stable.
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3. Future forecast:
According to Bai Jiaxin, data analyst of o-xylene of business association, the price of o-xylene raw materials mixed with xylene rose in shock this week, the cost of o-benzene rose, and the driving force of o-benzene rose; on the demand side, the market of phthalic anhydride rose in small shock this week, the market of plasticizer rose in small amplitude, the price of plasticizer rose in small shock, the downstream demand rose, and the driving force of o-benzene rose; on the external market, Ben The weekly price of o-benzene fell, the port inventory was low, and the domestic price of o-benzene was still under negative pressure. To sum up, this week’s o-xylene market was negative and positive, with rising momentum and falling pressure remaining, but the overall growth momentum of o-xylene was limited, which was not enough to support the sharp rise of o-xylene. It is expected that the o-xylene market in the future will be strong and stable.
The future market should focus on: the cost of o-benzene, the price trend of downstream phthalic anhydride and plasticizer. Attention can be paid to: the external plate of o-benzene.
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