Price of o-benzene rises again after the festival

According to the data monitoring of business association, the market of o-benzene continued the previous trend, and the price of o-benzene rose again after the festival. As of May 14, Sinopec’s price of o-xylene was 6200.00 yuan / ton, up 300 yuan / ton or 5.08% compared with 5900 yuan / ton at the beginning of the month (May 1). After the festival, there was a strong atmosphere of commodity speculation, the cost of raw materials remained high, and the price of o-benzene continued to rise.

Strong cost support in the upstream of industrial chain

Since April, the crude oil market has continued to push up, the cost side support has been strengthened, which has driven the aromatics industry chain products to continue to rise, and the price of mixed xylene has fluctuated. The cost of o-xylene continues to be high, and the pressure of domestic o-xylene loss is greater. Since May, the rise of crude oil and mixed xylene prices has slowed down. With the rise of o-benzene prices, the theoretical profit loss of o-benzene has narrowed, and the rising momentum of o-benzene has weakened.

The price of o-xylene rises after the festival

Trade name Quotation type Port Price date

O-xylene FOB US Gulf US $909.56/t 2021-05-07

O-xylene CFR China US $805.00/t 2021-05-07

O-xylene CFR Southeast Asia 795.00 USD / T 2021-05-07

O-xylene FOB the republic of korea US $845.00/t 2021-05-07

O-xylene FOB Amsterdam, Rotterdam and Antwerp US $935.00/t 2021-05-07

O-xylene FOB US Gulf US $909.56/t 2021-04-30

O-xylene CFR China US $800.00/t 2021-04-30

O-xylene CFR Southeast Asia 795.00 USD / T 2021-04-30

O-xylene FOB the republic of korea US $835.00/t 2021-04-30

O-xylene FOB Amsterdam, Rotterdam and Antwerp US $935.00/t 2021-04-30

It can be seen from the external quotation trend that the external price of o-xylene rose slightly after the festival. Domestic o-benzene port high inventory, o-benzene slowly to inventory, external market stimulate domestic o-benzene market, domestic o-benzene market slowly rise.

Future forecast

Bai Jiaxin, an o-xylene data analyst of business news agency, believes that affected by the rise of crude oil, the price of mixed xylene fluctuates and rises, the cost of raw materials of o-xylene continues to rise, and the theoretical profit of o-xylene is in serious loss. With the continuous rise of o-xylene price, the theoretical profit of o-xylene rises, the downward pressure of o-xylene market increases, and the rising power weakens. In terms of external market, the external price of o-benzene rose slightly, which was good for the domestic o-benzene market and stimulated the domestic o-benzene market to rise slowly. On the whole, the high cost of o-benzene continues to rise, which drives the price of domestic o-benzene to rise. The external market stimulates the price of domestic o-benzene. The downward pressure of domestic o-benzene is small, and the price of o-benzene is expected to rise in the future.