O-Xylene price stabilized this week

According to the commodity market analysis system of the business community, as of June 9, the price of O-Xylene was 8100 yuan/ton, which was more stable than that of O-Xylene on September 1 at the beginning of the month. The price of mixed xylene fell in shock, the downstream market of phthalic anhydride fell in shock, and the market of ortho benzene industry chain remained weak, but the price decline of mixed xylene and phthalic anhydride slowed down, the import of ortho benzene decreased, and the export volume increased. In June, the price of O-Xylene stabilized.

The raw material mixed xylene market fluctuated and fell in June

According to the market analysis system of mixed xylene products in the Business Society, as of June 9th, the price of mixed xylene was 7360 yuan/ton, a decrease of 110 yuan/ton or 1.47% compared to the price of 7470 yuan/ton as of May 31st last month. In June, the price of mixed xylene fluctuated and fell, the decline of mixed xylene slowed down, and the downward pressure of O-Xylene market weakened.

Downstream phthalic anhydride market fluctuates and falls

According to the analysis system of the market for phthalic anhydride products in the Business Society, as of June 9th, the quotation for phthalic anhydride in neighboring countries was 7687.5 yuan/ton, a decrease of 2.38% compared to the price of 7875 yuan/ton as of May 31st last month. In June, the price of phthalic anhydride fell in shock, but the decline of phthalic anhydride slowed down, the export of phthalic anhydride increased, the price of nefa phthalic anhydride stopped falling and rose, and the upward momentum of O-Xylene market remained.

Weakening imports and increasing exports

According to the data released by the General Administration of Customs, the import volume of O-Xylene from January to April was 28027575 kg, with a year-on-year decrease in the import volume. The export volume of O-Xylene from January to April was 25565258 kg, with a year-on-year increase in the export volume. The import of ortho benzene has weakened and the export has increased. The demand support for ortho benzene still exists, and the downward pressure on ortho benzene has weakened.

Future prospects

Analysts of O-Xylene data from the business agency believe that the prices of mixed xylene and phthalic anhydride dropped in June, but the decline of mixed xylene and phthalic anhydride slowed down, and the industrial chain of o-xylene remained weak. O-Xylene imports decreased and exports increased, while O-Xylene support remained. In the future, the price decline of mixed xylene and phthalic anhydride slowed down, the import of O-Xylene weakened and the export increased, the demand support for o-xylene remained, and the downward pressure on o-xylene weakened. It is expected that the price of o-xylene in the future will stabilize.