According to the Commodity Market Analysis System of Shengyi Society, the xylene market will first rise and then fall in November 2025, with an overall upward trend. From November 1st to 28th, the domestic xylene market price increased from 5330 yuan/ton to 5470 yuan/ton, with a cumulative price increase of 2.63% during the period.
Early October: The domestic mixed xylene market showed a clear upward trend of oscillation: Shandong, as a core production area, was the first major refinery to raise prices, forming a market benchmark; The downstream oil and chemical industries have orderly replenished their inventory according to actual production needs, and their procurement enthusiasm has remained at a decent level, providing solid support for price increases. The markets in East and South China have risen synchronously, and the prices of major refineries in the region have generally increased slightly.

In the latter half of the year, the market rhythm switched to a range oscillation mode of “first rising and then falling”, and long and short factors tended to balance: downstream oil and chemical industries continued to adopt the on-demand replenishment strategy, and there was no large-scale increase or decrease in positions; Although there is still a slight increase in quotations in the East and South China markets, the overall upward trend has slowed down, and the market has entered a stage of adjustment.
Cost wise: International crude oil prices have shown a slight downward trend in this cycle, with multiple negative factors suppressing the core: OPEC+has launched a new round of production increase, and market concerns about long-term oversupply continue to ferment; The regional situation has eased, and the support of geopolitical risks for oil prices has weakened; At the same time, the demand for crude oil in the United States has declined, and its tariff issues have further dragged down the global economic trend and expectations of crude oil demand. Under the resonance of multiple pressures, international oil prices have slightly declined. As of the 26th, the settlement price of the January WTI crude oil futures contract in the United States was $58.65 per barrel. The settlement price of Brent crude oil futures for February is $62.54 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 November 28th, East China Company quoted 5500 yuan/ton, North China Company quoted 5250-5350 yuan/ton, South China Company quoted 5550-5600 yuan/ton, and Central China Company quoted 5250-5450 yuan/ton.
Demand side:
According to the Commodity Market Analysis System of Shengyi Society, as of November 28th, the domestic market price of xylene has temporarily stabilized. The execution price of Sinopec Sales Company has increased by 50 yuan/ton compared to the previous period, and is now reported at 6850 yuan/ton. The four major regions of East China, North China, Central China, and South China will uniformly implement this price; The main facilities of Yangzi Petrochemical and Zhenhai Petrochemical are operating stably, and the sales of products are normal. The current price has risen by 150 yuan/ton compared to October 31st, and the overall domestic market is showing a stable upward trend.
In terms of international markets: As of November 27th, the closing price range for xylene in the Asian region is between $801-803/ton (FOB Korea) and $826-828/ton (CFR China), a decrease of $9/ton from October 30th. The performance in the international market is slightly weaker than that in the domestic market.

Market forecast: The domestic mixed xylene market is expected to operate steadily in the near future, with a balance formed by the interplay of long and short factors. On the one hand, the international crude oil market is expected to weaken slightly, which will suppress the optimistic sentiment in the spot market to some extent; On the other hand, the fundamental changes in supply and demand are limited, and the overall negotiation atmosphere in the market remains at a decent level, especially with the good shipment situation of refineries in Shandong region, which provides key support for the market mentality. Overall, the current market is performing steadily under the dual effects of “crude oil drag” and “regional shipment support”, and it is expected that the mixed xylene market will continue to maintain a narrow range of fluctuations in the short term.