The price of o-xylene rose continuously in September
| PVA 1799 (PVA BF17) |
It can be seen from the trend chart of ortho xylene price of the business community that as of September 28, the price of ortho xylene was 9000 yuan/ton, up 1000 yuan/ton, or 12.50%, from the price of 8000 yuan/ton on August 28. Since August, the supply of o-xylene has been in short supply. Since the end of August, the price of o-xylene has risen for three consecutive times.
The supply of o-xylene is tight
In the international market, the price of ortho benzene in the external market fluctuated and rose in September, and the price of ortho benzene in some external markets rose by more than 10%. The inventory of major domestic o-xylene ports declined. In 2022, the import volume of o-xylene in August was basically zero, and the export volume in August was 781 tons. The inventory of o-xylene ports declined significantly, and the supply of o-xylene at ports was tight.
In the domestic market, the price of mixed xylene is high, the cost of o-xylene is still high, the o-xylene manufacturers are facing a loss state, the enthusiasm of o-xylene manufacturers is insufficient, many factories stop production for maintenance, Zhenhai Refining and Chemical Co., Ltd. has begun to gradually reduce the burden of 160000 t/a o-xylene unit at the end of August, and the maintenance is expected to last for 3 months; Fuhaichuang 240000 t/a o-benzene plant has been shut down since the end of June; The 40000 t/a ortho benzene unit of Luoyang Petrochemical was shut down. The supply of o-xylene is tight.
Downstream demand market rose sharply
It can be seen from the trend chart of phthalic anhydride price of the business community that the price of phthalic anhydride has risen sharply since August. As of September 28, the price of phthalic anhydride was 10300 yuan/ton, up 29.56% from 7950 yuan/ton on August 1; The price of phthalic anhydride increased by 23.35% compared with 8350 yuan/ton on August 28. In September, the supply of goods in the phthalic anhydride plant was tight. Some domestic devices were overhauled. The 120000 ton phthalic anhydride plant in Tongling, Anhui Province was shut down for overhaul for about a month, and the 100000 ton phthalic anhydride plant in Xinyang Group was shut down. It is expected that after the National Day, the plant will be started and restarted. The domestic spot supply of phthalic anhydride is tight, and the price of phthalic anhydride in the plant will rise sharply. The demand is good, and the rising power of o-xylene is increased.
| POLYVINYL ALCOHOL |
Price of raw material mixed xylene fell
It can be seen from the mixed xylene price trend chart of the business community that the mixed xylene price rose first and then fell in recent months. As of September 28, the price of mixed xylene was 8080 yuan/ton, up 1.25% from 7980 yuan/ton on August 28. In September, crude oil fell in shock, and the cost support fell. The price of mixed xylene rose first and then fell. The enthusiasm for preparing goods before the festival was not high, and the bad news was suppressed. It is expected that mixed xylene will fall in shock in the future. The cost of o-xylene decreased, and the pressure on o-xylene to decline increased.
Future outlook
According to the analysts of ortho xylene data from the business community, the supply of ortho xylene at the low starting point of ortho xylene enterprises decreased in September, and the export channel of ortho xylene was opened, and the increase of ortho xylene exports exacerbated the shortage of ortho xylene supply; The trend of phthalic anhydride in the lower reaches rose sharply, and the favorable demand in the lower reaches stimulated the rise of ortho benzene market; There were many positive factors. In addition, enterprises prepared goods before the National Day, and the price of o-xylene rose three times in September. In the future, phthalic anhydride’s rising trend has stabilized, the price of mixed xylene has fallen, the cost has fallen, and the demand has stabilized. Although the import and export have been supported, the ortho benzene market in the future is hardly strong in September, and the rising momentum of ortho benzene has weakened. It is expected that the ortho xylene price will rise slightly in the future.
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