According to the data monitoring of business agency, the quotation of o-benzene contract was stable in September. As of September 15, Sinopec has offered 4400.00 yuan / ton of o-xylene in East China and 4400 yuan / ton in North China, which is stable compared with the beginning of the month, and the market of o-xylene is temporarily stable.
Upstream market of o-benzene
It can be seen from the price trend chart of mixed xylene that in September, the price of mixed xylene, raw material of o-xylene, rose first and then fell, the price of mixed xylene rose by 2.55%, the cost of o-xylene rose slightly, and the price of mixed xylene decreased, indicating that the growth trend of mixed xylene was insufficient and the support for the rise of o-xylene was weak.
From the WTI crude oil price trend chart, we can see that the crude oil market fell sharply in September, and the crude oil price fell, which was bad for the downstream industry chain market. The rise of the cost of o-benzene was not enough support, and the downward pressure was increased, and the market situation of o-benzene was negative.
Trend of downstream products
It can be seen from the phthalic anhydride price trend chart that the phthalic anhydride market rose slightly in September, with the phthalic anhydride price increasing by 4.9%, and the phthalic anhydride market rose slightly, which was beneficial to the o-benzene market, and the downstream demand of o-phthalic anhydride recovered. However, due to the small increase of phthalic anhydride, the good support for o-benzene was insufficient, and the driving force for the rise of phthalic anhydride price was insufficient.
Bai Jiaxin, an o-xylene data analyst of business agency, believes that the price of o-benzene raw materials rose slightly in September, but the sharp drop of crude oil price has a big negative effect on the downstream industry chain market. In the downstream of o-benzene, the price of phthalic anhydride rose slightly, and the driving force of phthalic anhydride rise is insufficient, which has limited positive effect on the market of o-xylene. On the whole, the rising power of o-benzene market is insufficient, and the falling risk is high. It is expected that the sentiment of o-benzene bank in the future market will not be able to rise and the falling risk will be greater.