I. price trend:

 

According to the data monitoring of the business agency, the price of Sinopec ortho benzene fell this week, while the price of ortho benzene was dragged down by the upstream and downstream market. As of October 25, the executed contract price of o-xylene Sinopec was 6500.00 yuan / ton, down 2.99% from 6700.00 yuan / ton at the beginning of the week (October 21). Compared with the same period last year, the price fell by 18.75%. Ortho benzene market fell sharply, obviously weaker than previous years.

 

II. Market analysis:

 

Product analysis

 

Commodity name, quotation type, port, price this week, price last week, up and down unit

O-xylene CFR China 765.00 780.00-15.00 EUR / ton

O-xylene CFR Southeast Asia 795.00 815.00-20.00 USD / ton

O-xylene FOB South Korea 755.00 775.00-20.00 USD / ton

O-xylene FOB Rotterdam 865.00 865.00 0 USD / ton

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This week, the price of the external market of neighboring benzene fell, and the price of the external market of China region fell 15 US dollars / ton. In South Korea and Southeast Asia, the price of benzene in the external market fell by 20 US dollars / ton respectively. The import price of ortho benzene fell sharply, the price of ortho benzene at the port fell, the port inventory recovered but was still relatively low, and the market of ortho benzene in the future was under great negative pressure. Sinopec’s listing price of ortho benzene in East China is 7500 yuan / ton, with a price drop of 200 yuan / ton. The operating rate of the Yangtze ortho benzene equipment is about 80%. The supply of ortho xylene is temporarily stable, the demand enthusiasm of the downstream of ortho benzene is poor, the purchasing power of ortho benzene is insufficient, the favorable power of the future ortho benzene market is insufficient, and the downward pressure is increased.

 

Factor analysis of industrial chain

 

This week, the price of mixed xylene continued to fall sharply, the price of raw materials fell sharply, the cost of ortho benzene fell sharply, the market of ortho benzene became more bearish, and the pressure on the price of ortho benzene in the future increased. The overall cost of o-benzene decreased, and the negative pressure of o-benzene increased in the future.

 

This week, the price of phthalic anhydride fluctuated and fell, but the decline slowed down. The downstream demand is still insufficient. The demand for ortho benzene is insufficient, and the rising momentum is insufficient. The market is negative. In terms of plasticizers, this week’s DOP market fell slightly and maintained stability. The downward pressure in the future market weakened. The market in the lower reaches of orthobenzene eased. The upward momentum of orthobenzene was insufficient and the downward pressure weakened.

 

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3. Future forecast:

 

According to Bai Jiaxin, data analyst of o-xylene of business association, the price of o-xylene raw materials mixed with xylene fell sharply this week, the cost of o-benzene fell, and the pressure of o-benzene market fell sharply; in terms of demand, the downstream phthalic anhydride fell in shock, the price remained stable after the price of plasticizer fell slightly, the downstream demand was insufficient, and the power of o-benzene rising was insufficient, but with the stability of the downstream market, the pressure of o-benzene falling In terms of the external market, the price of o-benzene declined, and the port inventory increased but remained at a low level, which eased the negative situation of domestic o-benzene market. To sum up, the upstream and downstream market of o-xylene industry chain has declined, which has affected the price of o-xylene. However, with the stability of the downstream market, the downward pressure of o-xylene has gradually weakened, and the cost of raw materials still has a certain negative effect on o-xylene market, but the overall negative pressure has weakened. It is expected that the weakness of orthobenzene will maintain stability in the future.

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