Price trend:
| Gamma Polyglutamic acid Cosmetic |
According to the data monitoring of business agency, the market performance of o-benzene was strong in October, and the price of o-benzene contract was stable. As of October 16, Sinopec has offered 4400.00 yuan / ton of o-xylene in East China and 4400 yuan / ton in North China, which is stable compared with the beginning of the month, and the market of o-xylene is strong and temporarily stable.
Upstream market of o-benzene
It can be seen from the mixed xylene price trend chart that the mixed xylene price of o-xylene raw material recovered and rose in October, the mixed xylene price rose by 0.84% in October, the cost of o-xylene rose slightly, the price of mixed xylene rose in shock, the pressure on the cost of o-xylene increased, and the driving force for the rise of o-xylene increased.
Trend of downstream products
| Gamma Polyglutamic Acid |
It can be seen from the phthalic anhydride price trend chart that the phthalic anhydride market stopped falling and recovered in October, and the phthalic anhydride price rose by 2.94%. The phthalic anhydride market rose, which was good for the o-benzene market, and the downstream demand for o-phthalic anhydride rose, and the driving force for the price rise of o-phthalic anhydride increased.
Future forecast:
According to Bai Jiaxin, an o-xylene data analyst from business agency, in October, the prices of raw materials for o-benzene rose slightly, while the prices of phthalic anhydride and plasticizer in the downstream sector rose, and the market of downstream industrial chain of o-benzene increased, and the momentum of o-benzene’s rise was sufficient, which was beneficial to the market of o-benzene. Generally speaking, the market of o-benzene has sufficient momentum to rise, the market of o-benzene is strong, and the price is strong and stable temporarily.
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