The ortho xylene market fluctuated and rose in April

According to the Commodity Market Analysis System of Business Society, as of April 15th, the price of ortho xylene was 8300 yuan/ton, an increase of 2.47% compared to the price of ortho xylene on April 1st, which was 8100 yuan/ton. The positive news increased, and the ortho xylene market resumed its upward trend in April.

The price of mixed xylene fluctuates and rises, while the cost of ortho xylene increases; The price of phthalic anhydride has fluctuated and risen, with plasticizers operating at a high level. The phthalic anhydride market has rebounded, and the demand for ortho xylene has rebounded. The demand support for cost increases has increased. In April, the ortho xylene market rose, and the upward momentum of ortho xylene has increased.

The price of mixed xylene raw materials fluctuates and rises

According to the mixed xylene commodity market analysis system of Business Society, as of April 15th, the quoted price of mixed xylene was 7900 yuan/ton, an increase of 1.41% compared to the price of mixed xylene on April 7th, which was 7790 yuan/ton; Compared to March 31st, the price of mixed xylene increased significantly by 5.05% at 7520 yuan/ton. The price of mixed xylene increased significantly in April. The xylene units of Hubei Jin’ao and Jinke Refinery were shut down for maintenance in March; Jiangsu Xinhai, Zhenghe Petrochemical and other facilities plan to shut down for maintenance in April, and there are still plans for equipment maintenance in May and June. The maintenance of mixed xylene has increased, the supply of mixed xylene has decreased, and the support for the mixed xylene market has increased; And the price of raw material crude oil continues to rise, the price of mixed xylene increases, and the cost of ortho benzene increases.

Downstream phthalic anhydride market rebounds

According to the market analysis system for phthalic anhydride products by Business Society, as of April 15th, the quoted price of phthalic anhydride was 7725 yuan/ton, an increase of 1.48% compared to the price of 7612.50 yuan/ton on April 7th; Compared to April 1st, the price of phthalic anhydride fluctuated and increased by 1.81% to 7587.50 yuan/ton. The price of crude oil continues to rise, the cost of phthalic anhydride has risen, the price of nefa phthalic anhydride has risen, and the support for the rise of ortho phthalic anhydride has increased. The profit loss of phthalic anhydride is significant, and phthalic anhydride manufacturers have a greater willingness to increase. In the future, the price of phthalic anhydride will fluctuate slightly.

Future prospects

According to analysts from Business Society’s neighboring xylene data, in terms of cost, crude oil prices continue to rise, coupled with an increase in mixed xylene maintenance, mixed xylene prices fluctuate and rise, leading to an increase in the cost of neighboring xylene; The expected start of production of plasticizers has decreased, and downstream phthalic anhydride manufacturers are generally selling goods. The phthalic anhydride market has slightly rebounded, and the demand support for ortho xylene is limited. In the future, the demand support for rising costs is limited, and the upward momentum of the ortho benzene market still exists. It is expected that the ortho benzene price will fluctuate slightly and rise in the future.