The price of ortho xylene drops after the holiday
According to the Commodity Market Analysis System of the Business Society, as of October 8th, the price of ortho xylene was 8700 yuan/ton, a decrease of 500 yuan/ton or 5.43% compared to the 9200 yuan/ton price of ortho xylene on October 1st. During the Double Festival period, crude oil prices significantly decreased, mixed xylene prices fluctuated and fell after the festival, and the cost of orthoxylene decreased; The downstream market for phthalic anhydride has declined, resulting in weak demand for ortho xylene and a decrease in costs. The price of ortho xylene has fluctuated and decreased after the holiday.
After the holiday, the market for raw materials mixed with xylene fluctuated and fell
According to the market analysis system of mixed xylene products in the Business Society, as of October 8th, the price of mixed xylene was 8200 yuan/ton, a decrease of 3.42% compared to the price of mixed xylene of 8490 yuan/ton on October 1st. During the Double Festival period, crude oil prices significantly decreased, mixed xylene prices fluctuated and fell, and raw material costs decreased. After the festival, the downward pressure on adjacent xylene prices increased.
Downstream phthalic anhydride market fluctuates and falls after the holiday
According to the market analysis system for phthalic anhydride products in the Business Society, as of October 8th, the quotation for neighboring phthalic anhydride was 8600 yuan/ton, a decrease of 1.29% compared to the price of 8712.50 yuan/ton on October 1st. During the Double Festival period, crude oil prices plummeted, the phthalic anhydride market operated cautiously, terminal demand remained cold, and downstream procurement enthusiasm was poor. After the festival, the price of phthalic anhydride fluctuated and fell.
Future prospects
Analysts from Business Society’s adjacent xylene data believe that during the Double Festival, crude oil prices plummeted, mixed xylene prices fluctuated and fell after the festival, and the cost of raw materials for adjacent xylene decreased; After the holiday, the price of phthalic anhydride fluctuated and fell, and downstream demand for phthalic anhydride was weak. In the future, both the upstream and downstream markets of the ortho benzene industry chain have declined, and the cost of ortho benzene has decreased. The demand for ortho benzene is weak, and it is expected that ortho benzene prices will fluctuate and fall in the future.
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