The price of o-xylene rose to a new high in October

It can be seen from the trend chart of ortho xylene price of the business community that as of October 28, the price of ortho xylene was 9600 yuan/ton, up 6.67% from the price of 9000 yuan/ton on October 1; The price of ortho benzene increased by 52.38% to 6300 yuan/ton on January 1 at the beginning of the year. In October, the price of ortho benzene rose to a new high in the year, and the market of ortho benzene remained strong. The rise of ortho xylene in the middle and late days was weak, and the price of ortho benzene remained stable.

Raw material mixed xylene market rose first and then fell

It can be seen from the mixed xylene price trend chart of the business community that the mixed xylene price rose first and then fell in October. The mixed xylene price rose sharply in the first ten days of October, and fell back in the middle and late ten days of October. As of October 28, the price of mixed xylene was 8230 yuan/ton, down 2.02% from 8400 yuan/ton on October 10; The price of mixed xylene increased by 200 yuan/ton, or 2.49%, from 8030 yuan/ton on October 1 at the beginning of the month. Affected by the crude oil price rising first and then falling, the mixed xylene price rose first and then fell. The future crude oil market continued the long short game. The crude oil trend was volatile. The mixed xylene lacked good support, and the mixed xylene price was weak. The price of raw materials fell, the cost of o-xylene fell, and the rising support of o-xylene weakened.

Downstream phthalic anhydride price rises and falls

It can be seen from the trend chart of phthalic anhydride price of the business community that the domestic market price of phthalic anhydride made of o-phthalic acid has rebounded. As of October 28, the quotation of phthalic anhydride made of o-phthalic acid was 9750 yuan/ton, down 8.34% from the new high of 10637.50 yuan/ton on October 14 in the year; It was down 5.34% from 10300 yuan/ton on October 1 at the beginning of the month. Affected by the restart of phthalic anhydride unit, the price of phthalic anhydride dropped rapidly after hitting a new high. The demand for downstream plasticizers was weak. The future market was negative for phthalic anhydride. The demand for ortho benzene declined, and the downward pressure on ortho xylene increased.

Future outlook

The analysts of ortho xylene data from the business community believe that, around the National Day in October, the prices of ortho xylene products in the industrial chain have risen continuously, and the prices of ortho xylene and phthalic anhydride have both hit new highs in the year, due to the impact of equipment maintenance and stock replenishment by enterprises in the industrial chain. With the end of the replenishment after the festival and the reopening of equipment, the prices of mixed xylene and phthalic anhydride have dropped successively in the middle and late ten days, and the price of ortho xylene has been unable to rise and stabilized. In the future, the upstream and downstream of the ortho benzene industry chain will fall together, the cost of the weak demand for ortho benzene will fall, and the rising support for ortho benzene will be unable to increase the downward pressure. It is expected that the price of ortho xylene will decline weakly in the future.