The price of ortho xylene is temporarily stable this week
According to the commodity market analysis system of Shengyishe, as of December 14th, the price of ortho xylene was 7500 yuan/ton, which is temporarily stable compared to the price of ortho xylene on December 8th last weekend. The price of raw material mixed xylene rebounded and adjusted, while the cost of ortho xylene stopped falling; The price of phthalic anhydride has stopped falling and stabilized, while the plasticizer market has fluctuated and stabilized. Downstream demand remains weak, and the price of ortho xylene has temporarily stabilized this week.
Raw material mixed xylene rebound adjustment
According to the market analysis system of mixed xylene products in Shengyishe, as of December 14th, the price of mixed xylene was 6920 yuan/ton, an increase of 0.29% compared to the price of mixed xylene on December 8th last weekend, which was 6900 yuan/ton. In December, the price of naphtha stopped falling and rebounded. The international market saw an increase in the price of mixed xylene, which led to an increase in the cost of raw materials for ortho xylene. As a result, the upward momentum for ortho xylene increased.
Downstream phthalic anhydride market has stopped falling and stabilized
According to the Commodity Market Analysis System of Business Society, as of December 14th, the quotation for ortho phthalic anhydride was 7400 yuan/ton, which is temporarily stable compared to the price of 7400 yuan/ton for phthalic anhydride on December 8th last weekend. In December, the plasticizer market first fell and then rose, and the demand for phthalic anhydride continued to grow insufficiently. The operating rate of phthalic anhydride remained stable, the price of phthalic anhydride stabilized, and the demand for ortho benzene was insufficient.
Future prospects
According to analysts from Business Society, the price of mixed xylene rebounded and increased this week, leading to an increase in the cost of adjacent xylene; The price of phthalic anhydride has stopped falling and stabilized, the market for phthalic anhydride is stagnant, and downstream demand for ortho benzene is not growing enough. In the future, the cost of ortho benzene will increase, demand growth will be poor, and the benefits for ortho benzene will be insufficient. It is expected that the price of ortho benzene will stabilize in the future.
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