The price of ortho xylene stabilized this week

According to the Commodity Market Analysis System of the Business Society, as of September 11th, the price of ortho xylene was 8800 yuan/ton, which has stabilized compared to the price of ortho xylene on September 1st, which was 8800 yuan/ton. The price of mixed xylene rebounded and increased, while the cost of adjacent xylene increased; The downstream market for phthalic anhydride fluctuated and rose, with demand for ortho xylene rebounding, supported by cost support and demand recovery. This week, ortho xylene prices stopped falling and stabilized.

This week, the market for raw material mixed xylene rebounded and rose

According to the market analysis system of mixed xylene products in the Business Society, as of September 11th, the price of mixed xylene was 8530 yuan/ton, an increase of 80 yuan/ton or 0.95% compared to the price of 8450 yuan/ton on September 1st. Crude oil prices fluctuate and rise, mixed xylene prices rebound and rise, and raw material costs rise, supporting the rise of adjacent xylene market.

Downstream phthalic anhydride market rises

According to the market analysis system for phthalic anhydride products in the Business Society, as of September 11th, the quotation for ortho phthalic anhydride was 8675 yuan/ton, an increase of 1.02% compared to the price of 8587.50 yuan/ton on September 1st. The production of Naifa phthalic anhydride enterprises has declined, and the price of Naifa phthalic anhydride has fluctuated and increased. The price of naphthalene phthalic anhydride is favorable for ortho phthalic anhydride, while the production of plasticizer enterprises is low. The demand for phthalic anhydride is weak, and downstream customers have a strong resistance towards high phthalic anhydride. The price of phthalic anhydride is mainly stable, and the demand for ortho phthalic anhydride is not supported enough.

Future prospects

Analysts from the Business Society’s adjacent xylene data believe that in terms of raw materials, crude oil prices have fluctuated and risen, mixed xylene prices have rebounded and risen, and the cost of adjacent xylene raw materials has increased; In terms of demand, downstream plasticizers are operating at a low level, and demand for phthalic anhydride is weak. The price of phthalic anhydride is rising weakly, and the demand for ortho benzene is stabilizing. Overall, the market of the ortho benzene industry chain has stopped falling and rebounded, with increased support for ortho benzene costs, stable downstream demand, and weakened downward pressure on ortho benzene. It is expected that ortho benzene prices will stabilize strongly in the future.