The price of ortho xylene fell in November
According to the Commodity Market Analysis System of the Business Society, as of November 7th, the price of ortho xylene was 8000 yuan/ton, a decrease of 200 yuan/ton or 2.44% compared to the 8200 yuan/ton price of ortho xylene on October 31st. The cost of ortho benzene continues to decrease; Downstream demand remains weak, and the price of ortho xylene fell in November.
Raw material mixed with xylene stopped falling and rebounded
According to the market analysis system of mixed xylene products in the Business Society, as of November 7th, the price of mixed xylene was 7350 yuan/ton, which rebounded from the price of mixed xylene at 7330 yuan/ton as of October 31st last month, with an increase of 0.27%. Crude oil prices fluctuate and consolidate, naphtha prices fluctuate and rise, mixed xylene costs rise, mixed xylene prices stop falling and rise, raw material costs rise, and the upward momentum of orthoxylene increases.
Downstream phthalic anhydride market fluctuates and falls
According to the market analysis system for phthalic anhydride products in the Business Society, as of November 7th, the quotation for neighboring phthalic anhydride was 7612.50 yuan/ton, a decrease of 2.72% compared to the price of 7825 yuan/ton as of October 31st last month. The operating rate of domestic phthalic anhydride remains at 60%, and the supply of phthalic anhydride is sufficient. The price of industrial naphthalene has increased, and the price of naphthalene phthalic anhydride has rebounded. The price difference between ortho phthalic anhydride and nefa phthalic anhydride is approaching, and the market for ortho phthalic anhydride is favorable. The price of phthalic anhydride has stopped falling and stabilized.
Future prospects
Analysts from Business Society’s adjacent xylene data believe that in November, the price of mixed xylene rebounded and the cost of adjacent xylene increased; The price of phthalic anhydride has stabilized, the market for phthalic anhydride has rebounded, and downstream demand for neighboring benzene has stabilized. It is expected that in the future, the price of neighboring benzene will fluctuate and stabilize.
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