Price trends:

According to the data monitoring of business associations, this week Sinopec Neighbouring Benzene executed the quotation stably. As of July 27, the executed contract price of Sinopec o-xylene was 5900.00 yuan/ton, which was stable compared with the price of o-xylene at the beginning of the week at 5900.00 yuan/ton, and 13.71% lower than that of the same period last year.

II. Market analysis:

Product Analysis

Neighbouring benzene prices fell this week, while European neighbouring benzene prices fell by about $15 per ton. Outside quotation fell, import cost of Phenyls fell, port inventory was low and stable, inventory consumption was slow, demand for Phenyls was general, the market for Phenyls in the future was negative. Fuhaichuang’s o-xylene plant with capacity of 240,000 tons/year was delayed to August, and the start-up rate of o-xylene plant was low. Neighbouring benzene prices in the future fall under greater pressure.

Factor Analysis of Industrial Chain

This week, mixed xylene market volatility rose, which is good for o-benzene. This week, mixed xylene rose by 0.18%, with limited growth and insufficient momentum. The overall mixed xylene price is not good enough for future phenyl, and the pressure of decline of phenyl still exists. Mixed xylene trading is general, the future market of mixed xylene is not enough momentum to rise, the overall market for o-benzene is negative.

Downstream phthalic anhydride market fell slightly this week, the overall market was negative. This week, phthalic anhydride market shocks fell, the start rate maintained, downstream market fell on the neighbouring benzol Market bearish. Downward pressure on the price of o-phenyl increased.

industry

Plasticizers fell sharply this week, by 4.66%, with limited downstream demand. The downturn of plasticizer market has increased the pressure on the market of phenyl, and the downturn risk of phenyl in the future market has increased.

3. Future market forecast:

According to Bai Jiaxin, an analyst of o-xylene data from business associations, on the supply side, the price of o-xylene in the external market fell sharply this week, while the price of imported o-xylene fell; the price of raw materials mixed xylene rose but at a very low rate, which had little impact on the cost of o-xylene, and the overall cost of o-xylene was temporarily stable; on the demand side, the downstream market of phthalic an Plasticizer market declined, overall downstream customer purchasing enthusiasm declined, demand for Phenyls declined, future market Phenyls market was negative, downward pressure increased. Generally speaking, demand declines, the market of Phenyls is negative. On the supply side, the market of Phenyls has no obvious good news. The downside risk of Phenyls in the future increases, and the downward pressure on Phenyls increases. It is expected that the overall market of Phenyls will remain weak and stable, but the downside risk will increase.