The market for ortho xylene is temporarily stable this week

According to the commodity market analysis system of Business Society, as of April 19th, the price of ortho xylene was 8300 yuan/ton, which is temporarily stable compared to the price of ortho xylene on April 12th, which was 8300 yuan/ton. Insufficient positive support, the ortho xylene market is temporarily stable this week.

The price of mixed xylene has slightly increased, while the cost of ortho xylene has slowed down; The price of phthalic anhydride has remained stable with an increase, while the demand for ortho xylene remains supported by costs and demand. This week, there is a strong upward momentum for ortho xylene.

The price of mixed xylene raw materials fluctuated slightly and rose

According to the mixed xylene commodity market analysis system of Business Society, as of April 19th, the quoted price of mixed xylene was 7930 yuan/ton, an increase of 0.38% from the price of mixed xylene on April 12th, which was 7900 yuan/ton. The maintenance of mixed xylene is frequent, resulting in a slight decrease in mixed xylene port inventory, a decrease in mixed xylene supply, and increased support for the mixed xylene market; The price of crude oil continues to rise, and the cost of mixed xylene has risen. The rise in mixed xylene is strongly supported, and it is expected that the price of mixed xylene will rise in the future.

This week, the price of mixed xylene slightly increased, and the upward trend of mixed xylene slowed down, weakening the support for the rise of mixed xylene.

Downstream phthalic anhydride market slightly rises

According to the market analysis system for phthalic anhydride products by Business Society, as of April 19th, the quoted price of phthalic anhydride was 7737.50 yuan/ton, an increase of 0.16% compared to the price of phthalic anhydride on April 12th, which was 7725 yuan/ton. The price of crude oil continues to rise, the cost of phthalic anhydride has risen, the price of nefa phthalic anhydride has risen, and the support for the rise of ortho phthalic anhydride has increased; The supply and demand situation of phthalic anhydride is temporarily stable, and the price of phthalic anhydride will remain stable with a slight increase in the future.

Future prospects

According to analysts from Business Society’s neighboring xylene data, in terms of cost, crude oil prices continue to rise, coupled with an increase in mixed xylene maintenance, resulting in a slight fluctuation in mixed xylene prices and an increase in neighboring xylene costs; In terms of supply and demand, the changes in the supply and demand of ortho xylene are limited, and the support for the rise of ortho xylene is limited. In the future, cost increases still exist, and there is a strong upward momentum in the ortho benzene market. It is expected that ortho benzene prices will fluctuate slightly and rise in the future.