The price of ortho xylene stabilized after rising this week

According to the Commodity Market Analysis System of Business Society, as of September 22, the price of ortho xylene was 9200 yuan/ton, an increase of 200 yuan/ton or 2.22% compared to the price of ortho xylene on September 15, which was 9000 yuan/ton. The price of mixed xylene increased first and then decreased, while the cost of adjacent xylene decreased; The downstream market for phthalic anhydride rose first and then fell, with a decrease in demand for ortho benzene and a decrease in cost support. Downstream demand fell, and ortho xylene prices rose this week.

This week’s raw material mixed xylene market rose first and then fell

According to the market analysis system of mixed xylene products in the Business Society, as of September 22, the price of mixed xylene was 8660 yuan/ton, a decrease of 0.12% compared to the price of mixed xylene on September 15, which was 8670 yuan/ton. The high price of crude oil has fallen, while the price of mixed xylene has first increased and then decreased. The cost of raw materials has decreased, and the support for the rise of adjacent xylene market has weakened.

Downstream phthalic anhydride market rose first and then fell

According to the analysis system of the market for phthalic anhydride products in the Business Society, as of September 22, the quotation for ortho phthalic anhydride was 8787.50 yuan/ton, an increase of 0.14% compared to the price of 8775 yuan/ton on September 15. Some companies in the phthalic anhydride industry have restarted, resulting in an increase in the supply of phthalic anhydride and a decrease in the price of phthalic anhydride; Plasticizer enterprises have started operations at a low level, and downstream procurement enthusiasm is poor. The demand for phthalic anhydride is weak, and there is a significant resistance to high priced phthalic anhydride. This week, the rise and fall of phthalic anhydride have been halted.

Future prospects

Analysts from Business Society’s neighboring xylene data believe that in terms of raw materials, crude oil prices have fallen from high levels, mixed xylene prices have first increased and then decreased, and the cost of neighboring xylene raw materials has decreased; In terms of demand, plasticizer companies are operating at a low level, with weak demand for phthalic anhydride and insufficient support for ortho benzene demand. Overall, the market of the ortho benzene industry chain has declined, and the cost support for ortho benzene has weakened. Demand is still weak, and it is expected that the price of ortho benzene will fluctuate and stabilize in the future.