O-Xylene price stabilized temporarily in June

According to the commodity market analysis system of the business community, as of June 29, the price of O-Xylene was 8100 yuan/ton, which was more stable than the price of 8100 yuan/ton on June 1 at the beginning of the month. The price of mixed xylene was weak and consolidated. The downstream market of phthalic anhydride fell first and then rose. The upstream and downstream markets of ortho benzene fell in shock. The market of ortho benzene industry chain was weak. The price of O-Xylene was weak and stable in June.

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 29th, the price of mixed xylene was 7340 yuan/ton, a decrease of 1.21% compared to the price of mixed xylene on June 1st, which was 7430 yuan/ton. In June, the price of mixed xylene fell first, then rose and then fell. The mixed xylene market fluctuated and fell, and the cost of raw materials fell. In June, the O-Xylene market fell under great pressure. However, mixed xylene rebounded and rose in late June, and the downward pressure of O-Xylene in the future market weakened.

Downstream phthalic anhydride market fluctuates and falls

According to the market analysis system for phthalic anhydride products in the Business Society, as of June 29, the price of phthalic anhydride was 7700 yuan/ton, a decrease of 2.22% compared to the price of 7875 yuan/ton on June 1 at the beginning of the month. In June, the price of phthalic anhydride fluctuated and fell, resulting in weak demand for ortho benzene and increased downward pressure on ortho benzene; In late June, the price of phthalic anhydride rebounded and rose, the demand for ortho benzene was expected to recover, and the downward pressure on O-Xylene market weakened.

Future prospects

Analysts of O-Xylene data from the business community believe that in June, the prices of mixed xylene and phthalic anhydride fell in shock, and the downward pressure on O-Xylene was large. However, in late June, the prices of mixed xylene and phthalic anhydride rebounded and adjusted, the upstream and downstream market of O-Xylene recovered, and the downward pressure on O-Xylene weakened. Overall, there is significant downward pressure on ortho benzene. With the rebound of mixed xylene and phthalic anhydride prices, the support for the rise of the ortho benzene industry chain is increasing. It is expected that ortho benzene prices will stabilize strongly in the future.