Downstream market recovery, o-benzene price strong and stable

Price trend:


Gamma Polyglutamic acid Cosmetic

According to the data monitoring of business agency, the market performance of o-benzene was strong in October, and the price of o-benzene contract was stable. As of October 16, Sinopec has offered 4400.00 yuan / ton of o-xylene in East China and 4400 yuan / ton in North China, which is stable compared with the beginning of the month, and the market of o-xylene is strong and temporarily stable.


Upstream market of o-benzene


It can be seen from the mixed xylene price trend chart that the mixed xylene price of o-xylene raw material recovered and rose in October, the mixed xylene price rose by 0.84% in October, the cost of o-xylene rose slightly, the price of mixed xylene rose in shock, the pressure on the cost of o-xylene increased, and the driving force for the rise of o-xylene increased.

Trend of downstream products


Gamma Polyglutamic Acid

It can be seen from the phthalic anhydride price trend chart that the phthalic anhydride market stopped falling and recovered in October, and the phthalic anhydride price rose by 2.94%. The phthalic anhydride market rose, which was good for the o-benzene market, and the downstream demand for o-phthalic anhydride rose, and the driving force for the price rise of o-phthalic anhydride increased.


Future forecast:


According to Bai Jiaxin, an o-xylene data analyst from business agency, in October, the prices of raw materials for o-benzene rose slightly, while the prices of phthalic anhydride and plasticizer in the downstream sector rose, and the market of downstream industrial chain of o-benzene increased, and the momentum of o-benzene’s rise was sufficient, which was beneficial to the market of o-benzene. Generally speaking, the market of o-benzene has sufficient momentum to rise, the market of o-benzene is strong, and the price is strong and stable temporarily.

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