Mixed xylene prices rose in a narrow range (September 20-september 26, 2021)

1、 Price trend


According to the bulk list data of business society, the price of mixed xylene rose slightly this week. On September 19, the price of mixed xylene was 5800 yuan / ton; On Sunday (September 26), the price was 5850 yuan / ton, up 0.86% from last week; Compared with the same period last year, it increased by 66.19%.

2、 Analysis and review

The price of related aromatics fell, the price of gasoline blending fell, and the market mentality of mixed xylene fell. Crude oil rose continuously during the week. Supported by the raw material end, the price of mixed xylene rose slightly, but the demand still restricted the increase.

In terms of external market, as of September 24, the price of mixed xylene imported from South Korea was US $760.5/t, down US $12 / T or 1.55% month on week compared with September 17; The reference price of domestic imported mixed xylene was US $795 / T, down US $11 / T or 1.38% month on month on September 17.

In terms of crude oil, U.S. crude oil inventories fell continuously, U.S. oil and gas production in the Gulf of Mexico recovered slowly, and the market was worried about tight crude oil supply. Crude oil rose sharply this week. On September 17, Brent rose $2.75 / barrel, or 3.65%; WTI rose $2.01/barrel, or 2.79%.

Downstream, in the PX market, in the PX market, the domestic PX trend was temporarily stable this week, with the price of 7100 yuan / ton, up 54.35% over the same period last year. As of September 24, the closing prices in Asia were USD 898-900 / T FOB Korea and USD 916-918 / T CFR China.

Sodium Molybdate

In terms of PTA market, PTA in East China rose broadly after the shock this week. On Friday (September 24), the price was 5141.82 yuan / ton, up 4.37% from last week and 50.93% from the same period last year.

In the ox market, the price of orthobenzene remained stable this week. On Friday (September 24), the price of ox in East China was 6500 yuan / ton, an increase of 47.73% over the same period last year.

3、 Future forecast

In terms of crude oil, in terms of crude oil, the demand for fuel oil is promising, the market expects tight crude oil supply, and the oil price has the power to act. Continue to pay attention to the impact of the epidemic situation, OPEC + decisions on crude oil production, US crude oil and refined oil storage dynamics, global economic conditions and so on on on crude oil prices.

Weak demand is still the main factor restricting the mixed xylene market. Although the recent trend of crude oil is good and has certain support for mixed xylene, the support is limited. Overall, mixed xylene is expected to continue the weak and stable trend. Pay attention to the downstream goods preparation intention before the national day, the downstream trend, plant dynamics and demand, and the impact of crude oil, external market and other trends on the price of mixed xylene.


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