The price of ortho xylene fluctuated and fell in May
According to the Commodity Market Analysis System of the Business Society, as of May 25th, the price of ortho xylene was 8100 yuan/ton, a decrease of 700 yuan/ton or 7.95% compared to the 8800 yuan/ton price of ortho xylene on May 1st at the beginning of the month. The price of mixed xylene fluctuated and fell, while the downstream phthalic anhydride market fluctuated and fell. The ortho benzene industry chain market was weak, and in May, the ortho xylene price fell, while the ortho benzene market fluctuated and fell.
The raw material mixed xylene market fluctuated and fell in May
According to the market analysis system of mixed xylene products in the Business Society, as of May 25th, the price of mixed xylene was 7430 yuan/ton, a decrease of 400 yuan/ton or 5.11% compared to the price of 7830 yuan/ton on May 1st at the beginning of the month. In May, the price of mixed xylene fluctuated and fell, while in the middle of the month, the price of mixed xylene rebounded and rose. The cost of ortho xylene stopped falling, and the downward pressure on the ortho xylene market weakened.
Downstream phthalic anhydride market fluctuates and falls
According to the market analysis system of phthalic anhydride products in the business society, as of May 25th, the quotation for neighboring phthalic anhydride was 8075 yuan/ton, a decrease of 1.82% compared to the price of 8225 yuan/ton on May 1st. In May, the price of phthalic anhydride fluctuated and fell. In the middle of the month, the price of phthalic anhydride stopped falling and rebounded. Exports increased, while the price of Naifa phthalic anhydride stopped falling and rose. The phthalic anhydride market rebounded and rose, and the upward momentum of adjacent xylene market increased.
Future prospects
Analysts from Business Society’s neighboring xylene data believe that in May, the prices of mixed xylene and phthalic anhydride fluctuated and fell, resulting in a weak neighboring benzene industry chain. In May, the prices of neighboring benzene fluctuated and fell. At the end of the month, the price of mixed xylene stopped falling and rebounded, while downstream phthalic anhydride prices rebounded and rose. The market of the ortho xylene industry chain rebounded, and the downward pressure on the ortho xylene market weakened. In the future, mixed xylene has stopped falling and risen, and the cost support for ortho benzene has increased. Exports have increased, and the price of phthalic anhydride has rebounded and increased. Downstream demand has temporarily stabilized, and the upward momentum for ortho benzene still exists. Overall, the cost support for adjacent xylene in the future is still supported by stable demand, and it is expected that the price of adjacent xylene may stop falling and rise in the future.
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