The price of ortho xylene temporarily stabilized in March
According to the commodity market analysis system of Business Society, as of March 12th, the price of ortho xylene was 8100 yuan/ton, which is temporarily stable compared to the price of ortho xylene on March 1st, which was 8100 yuan/ton. In March, crude oil prices stabilized strongly, naphtha prices rose, mixed xylene fluctuated and fell, and the cost of ortho xylene decreased; The price of phthalic anhydride has fluctuated and fallen, resulting in weak demand for ortho xylene and a decrease in costs. The price of ortho xylene has remained weak and stable this week.
The price of mixed xylene raw materials fluctuates and falls
According to the mixed xylene commodity market analysis system of Business Society, as of March 12th, the quoted price of mixed xylene was 7380 yuan/ton, a decrease of 0.54% from the price of mixed xylene on March 1st, which was 7420 yuan/ton. In March, crude oil prices stabilized strongly, while naphtha prices fluctuated and rose. The cost of mixed xylene supported the increase in port mixed xylene inventories, resulting in poor demand growth for mixed xylene. The price of mixed xylene fluctuated and fell, while the cost of adjacent benzene supported the decrease.
Downstream prices of phthalic anhydride fluctuate and fall
According to the market analysis system for phthalic anhydride products by Business Society, as of March 12th, the quoted price for phthalic anhydride was 7587.50 yuan/ton, a decrease of 1.30% from the price of 7625 yuan/ton on March 1st. The operation of domestic phthalic anhydride plants is stable, with a recent operating rate of around 60%. The spot supply of phthalic anhydride is sufficient, and the sales situation of phthalic anhydride manufacturers is poor. In addition, the supply of naphthalene phthalic anhydride has slightly declined, which has affected the price trend of ortho phthalic anhydride.
Future prospects
According to analysts from Business Society, in terms of raw materials, the price of mixed xylene has fallen, the cost of ortho xylene has decreased, downstream phthalic anhydride manufacturers have poor sales, the phthalic anhydride market has declined, and the demand for ortho xylene is poor. Overall, as costs decrease and demand weakens, the pressure on ortho benzene prices to decline is increasing. It is expected that ortho benzene prices will fluctuate slightly in the future.
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