1、 Price trend

According to the data in the business club’s bulk list, the domestic isomeric xylene market continued to adjust this week, down 1.13% as of Friday.

2、 Analysis and comment

1. Product: compared with last week, affected by the easing of us Iraq relations and the approaching factors of the long holiday, the market continued to adjust and slightly fell back. At present, the mainstream price in East China is about 5750 yuan / ton. Feedback from traders, month on month last week, this week’s transaction was average, port inventory stable.

2. Industrial chain:

Upstream, in terms of crude oil, affected by the favorable signing of the first phase of economic and trade agreement between China and the United States, the overall oil price this week showed a volatile rebound trend. As of Friday, Brent rose 1.45%, Brent futures rose 1.48%, WTI futures rose 1.19%, and Dubai futures rose 0.19%.

Downstream, in PX market, the domestic market price is stable this week, at present, it is about 6900 yuan / ton, and the external market is down. The latest price is about 792 US dollars / ton FOB South Korea and 812 US dollars / ton CFR China. It is expected that the PX market price will maintain 6900 yuan / ton next week. In terms of PTA market, the price of external market is about 610 US dollars / ton, while the price of domestic PTA spot market continues to be slightly revised back, and it is expected that PTA market will remain volatile in the short term. In the ox market, Sinopec’s price of o-benzene was flat at 6300 yuan / ton, and the price of o-benzene was about US $870 / ton, which is expected to maintain a stable trend in the future.

3、 Future forecast

Xylene analysts from the chemical branch of business society think: next week, we will continue to focus on market turnover, port inventory and crude oil trend. On the whole, toluene market is expected to continue a stable and volatile trend next Tuesday due to the approaching Spring Festival holiday.