O-Xylene price rises this week

According to the commodity market analysis system of the business community, as of July 24, the price of O-Xylene was 8300 yuan/ton, up 2.47% from the price of O-Xylene of 8100 yuan/ton on July 16 last weekend. The price of mixed xylene rose, the downstream market of phthalic anhydride rose in a volatile manner, the upstream and downstream markets of ortho benzene rose together, the market of ortho benzene industry chain recovered, and the price of O-Xylene rose this week.

The market for raw material mixed xylene rose this week

According to the market analysis system of mixed xylene products in the Business Society, as of July 24th, the price of mixed xylene was 7720 yuan/ton, an increase of 20 yuan/ton or 0.26% compared to the 7700 yuan/ton price of mixed xylene on July 16th last weekend; The price of mixed xylene increased by 5.18% to 7340 yuan/ton compared to July 1st at the beginning of the month. Crude oil prices rose in shock, Naphtha and mixed xylene prices rose, raw material costs rose, and O-Xylene market gained momentum.

Downstream phthalic anhydride market fluctuates and rises

According to the analysis system of the market for phthalic anhydride products in the Business Society, as of July 24th, the quotation for ortho phthalic anhydride was 8050 yuan/ton, an increase of 3.87% compared to the 7750 yuan/ton price of phthalic anhydride on July 16th last weekend; The price of phthalic anhydride increased by 4.55% compared to 7700 yuan/ton on July 1st at the beginning of the month. The phthalic anhydride plant was stopped for a short time, and the phthalic anhydride market was strong. This week, the price of phthalic anhydride rose in shock, and the downstream demand of ortho xylene was temporarily stable. The upward momentum of O-Xylene market remained.

Future prospects

Analysts of O-Xylene data from the business agency believe that the price of Naphtha and mixed xylene will rise and the cost of raw materials for o-xylene will rise due to the rise of crude oil; The phthalic anhydride unit stopped for a short time, the price of phthalic anhydride rose in shock, and the support for the rise of O-Xylene increased. In the future, the price of raw materials mixed with xylene has increased, while the cost of ortho benzene has increased; The price of phthalic anhydride fluctuates and increases, with average downstream demand for ortho benzene and stable demand for cost increases. It is expected that ortho benzene prices will stabilize in the future.