According to the commodity market analysis system of Shengyishe, the mixed xylene market rose first and then fell in April. On April 30th, the benchmark price of mixed xylene was 7680 yuan/ton, an increase of 1.32% from 7580 yuan/ton at the beginning of the month, and a decrease of 3.15% from the high point of 7930 yuan/ton in the cycle.
| potassium persulphate |
The international crude oil price range fluctuates, and the support for mixed xylene in the later stage is weak
The international crude oil price range fluctuated in April, with continued support for the cost of mixed xylene in the early stage and weakened support for mixed toluene due to the decline in prices at the end of the month. As of April 30th, the closing price of WTI06 contract is $81.52 per barrel; The Brent 07 contract closed at $85.92 per barrel. The high prices of mixed xylene in Asia provide support for the domestic market, with prices of heterogeneous grade xylene in Asia ranging from $990-991 per ton as of April 30th.
The production of xylene has significantly decreased, and the demand support for mixed xylene has weakened
In April, domestic PX production declined and the market remained stable. In mid to early April, some devices were shut down for maintenance, and PX production decreased from 8.4% to around 6.9%; In mid to late April, some maintenance equipment restarted, and the domestic PX production slightly increased to around 7.1%. It is understood that the 800000 ton/year PX unit of Zhenhai Refining and Chemical will be shut down for maintenance starting from April 4th; The 2.6 million ton/year PX unit of Guangdong Petrochemical was put into operation at reduced load on April 10th; Three sets of PX devices at Zhejiang Petrochemical were reduced in load, and one set of PX was repaired at the end of March; The 1 million ton/year PX plant of Urumqi Petrochemical was shut down for maintenance on April 14th; The Henry Petrochemical 2.5 million ton/year PX unit was shut down for maintenance on April 16th.
The production of phthalic anhydride is basically stable, and the demand support for mixed xylene is weak
The domestic phthalic anhydride plant is running smoothly, and Anhui Tongling ortho phthalic anhydride is starting to be shipped normally. The 100000 ton phthalic anhydride plant of Xinyang Group is running stably, and Shandong Hongxin phthalic anhydride is operating normally. Recently, the domestic phthalic anhydride operating rate is around 60%, and the spot supply of phthalic anhydride is normal. The production situation of phthalic anhydride manufacturers is average. In April, the price of industrial naphthalene slightly increased, and the market of naphthalene phthalic anhydride has risen, which has affected the price of ortho phthalic anhydride to rise.
Slow recovery of domestic mixed production and weak support for mixed xylene demand
The recovery of the domestic mixed blending market is slow, and the demand for mixed xylene is weak. As of the end of April, the operating capacity of refineries nationwide has slightly decreased to around 6.9.
The inventory of mixed xylene at the port is still at a high level, and supply pressure still exists
The inventory of mixed xylene at the port has slightly decreased, but overall it remains at a high level, and there is still pressure on the supply side of mixed xylene. It is understood that as of April 25th, the total inventory of xylene in East and South China amounted to 75000 tons, a decrease of about 13000 tons compared to late February.
Expected decrease in supply of mixed xylene for planned maintenance of multiple devices
Jiangsu Xinhai Petrochemical’s aromatics were shut down for maintenance on April 7th. In the later stage, there are still maintenance plans for toluene mixed xylene units such as Zhenhai Refining, Zhenghe Petrochemical, Dushanzi Petrochemical, and Dalian Xitai in May and June. Overall, the expected decline in toluene supply in the later stage provides some support for the toluene market.
Market forecast: From a fundamental perspective, the international crude oil sector will consolidate in the short term, with weak support for mixed xylene costs; Downstream PX and mixed blending industries saw a slight decline in production, while the phthalic anhydride industry saw a low level of production, resulting in overall weak support for mixed xylene demand; Multiple domestic devices are scheduled for maintenance in the later stage, and the supply of mixed xylene is expected to decline. Overall, it is expected that mixed xylene will first be suppressed and then increase in the later stage.
| http://www.sulfamic-acid.com |