The price of orthobenzene rose strongly in October

According to the data monitoring of business society, the quotation of o-xylene continued to rise sharply in October. As of October 28, the listed executive price of o-xylene Sinopec was 6900 yuan / ton, an increase of 400 yuan / ton, or 6.15%, compared with 6500 yuan / ton at the beginning of the month. The ortho benzene market remained strong in October.

Both upstream and downstream of the industrial chain

According to the monitoring data of business society, the upstream and downstream of the o-benzene industrial chain soared in October. As of October 28, the price of raw material mixed xylene increased by 20.48% and the price of phthalic anhydride increased by 15.56%. The cost of o-xylene increases with the rise of raw material price; The price of phthalic anhydride in the downstream rises, the demand for o-benzene rises, the upstream and downstream of the industrial chain rise together, and the driving force of o-benzene price rise increases.

Market Overview

According to the monitoring of business agency, affected by the favorable crude oil market in October, the price of mixed xylene soared, the cost of o-benzene rose, and the rising pressure of o-benzene continued to increase; The downstream phthalic anhydride price continued to rise, the market of phthalic anhydride was generally good in October, and the operating rate of plasticizer manufacturers increased in October. The demand for phthalic anhydride increased and transmitted to the upstream. The demand for o-xylene increased significantly, stimulating the price rise of o-xylene in October. In the future, the plasticizer market tends to stabilize, the rising power of phthalic anhydride weakens, the demand for o-xylene stabilizes, the recent downward trend of crude oil reappears, the price of mixed xylene may fall, and the future rising pressure of o-xylene price weakens. At the same time, due to the characteristics of o-xylene products, the price will be adjusted at the beginning of the month. Affected by the rising pressure in October, the quotation of o-xylene may be increased at the beginning of November, and then the rising pressure of o-xylene will be released, Or the price of o-xylene will remain stable for a long time in the future.