The price of O-Xylene is temporarily stable this week

According to the commodity market analysis system of the business community, the price of O-Xylene was 8100 yuan/ton as of June 16, which was temporarily stable compared with the price of O-Xylene 8100 yuan/ton on June 9 last weekend; Compared to June 1st at the beginning of the month, prices have stabilized. The price of mixed xylene fell in shock, the downstream market of phthalic anhydride fell in shock, and the market of ortho benzene industry chain remained weak. The price of O-Xylene was temporarily stable this week.

This week, the raw material mixed xylene market fluctuated and fell

According to the market analysis system of mixed xylene products in the Business Society, as of June 16, the price of mixed xylene was 7210 yuan/ton, a decrease of 150 yuan/ton or 2.04% compared to the price of 7360 yuan/ton on June 9 last weekend. The price of mixed xylene dropped sharply this week, the cost of raw materials dropped, and the downward pressure of O-Xylene market remained.

Downstream phthalic anhydride market fluctuates and falls

According to the market analysis system of phthalic anhydride products in the Business Society, as of June 16, the quotation for ortho phthalic anhydride was 7387.50 yuan/ton, a decrease of 0.65% compared to the 7687.50 yuan/ton price of phthalic anhydride on May 31 last weekend. This week, the price of phthalic anhydride dropped slightly and the price of plasticizer rose. The downstream demand is expected to recover. The upward momentum of O-Xylene market remains.

Future prospects

Analysts of O-Xylene data from the business agency believe that the prices of mixed xylene and phthalic anhydride fell in shock this week, but the decline slowed down. The industrial chain of O-Xylene remained weak, and the downward pressure on o-xylene remained. The price of plasticizer fluctuated and rose, the downstream market recovered, and the downward pressure of O-Xylene weakened. In the future, the decline in the prices of mixed xylene and phthalic anhydride has slowed down, and the downstream market of ortho benzene has rebounded. The downward pressure on the ortho benzene industry chain still exists, and the ortho benzene prices are temporarily stable in the future.