According to the Commodity Market Analysis System of Shengyi Society, the mixed xylene market fluctuated downward this week, and from April 14 to April 21, 2025, the price of mixed xylene decreased from 6000 yuan/ton to 5850 yuan/ton, a decrease of 2.5%. On Thursday of this week, refinery prices in Shandong region generally decreased, and downstream procurement enthusiasm was generally biased towards rigid demand, with overall trading being relatively light. Sinopec’s price reduction in the South China region has affected market sentiment, resulting in an overall decline in prices, weak market transactions, and limited purchasing enthusiasm.
On the cost side: International oil prices have fluctuated upwards this cycle, with the settlement price of the main contract for US WTI crude oil futures as of April 18th at $63.98 per barrel. The settlement price of the main Brent crude oil futures contract is $67.26 per barrel.

Supply side:
Sinopec’s xylene quotation summary shows that the company is currently operating normally, with stable production and sales. The company’s quotation remains unchanged from the previous day. As of April 21st, East China Company quoted 5950 yuan/ton, North China Company quoted 5600-5850 yuan/ton, South China Company quoted 5850-5900 yuan/ton, and Central China Company quoted 5750-5950 yuan/ton.
Demand side:
On April 21st, Sinopec Sales Company temporarily stabilized the price of xylene, with a current price of 6800 yuan/ton. This price is being implemented in East China, North China, Central China, and South China. Yangzi Petrochemical, Zhenhai Petrochemical and other facilities are operating stably with normal sales, and the price is unchanged from April 12th. As of April 17th, the closing prices of the xylene market in Asia were $715-717/ton FOB Korea and $740-742/ton CFR China, a decrease of $6/ton from the 11th price.
Market forecast: Crude oil prices are expected to rise, and there is still room for upward movement in the market. Cost support is still acceptable. Recently, the inventory in Shandong region has been low on the supply side, and refineries are actively shipping. The overall supply of goods from ports in East and South China is still acceptable, and the overall supply side is relatively stable. The overall downstream procurement on the demand side tends to be rigid, and the support on the demand side is limited. Overall, the supply and demand situation is still slightly bearish, and it is expected to operate weakly in the short term.