The market for ortho xylene rose in May

According to the commodity market analysis system of Shengyishe, as of May 27th, the price of ortho xylene was 8400 yuan/ton, an increase of 1.20% compared to May 1st, when the price of ortho xylene was 8300 yuan/ton. Supported by the industrial chain, the ortho xylene market fluctuated and rose in May.

The price of mixed xylene first fell and then rose, and the cost support for adjacent xylene increased in May; The price of phthalic anhydride has significantly increased, and the demand for ortho xylene has increased to support it; The supply of ortho xylene is tight, and the price of ortho xylene increased in May.

The price of raw material mixed with xylene first fell and then rose

According to the mixed xylene commodity market analysis system of Business Society, as of May 27th, the quoted price of mixed xylene was 7680 yuan/ton, a decrease of 0.13% from the price of mixed xylene on May 1st, which was 7670 yuan/ton. Crude oil prices have fluctuated and fallen, and the cost support for mixed xylene has weakened. In late May, the maintenance of mixed xylene equipment resulted in a decrease in the supply of mixed xylene, which provided significant support for the rise of mixed xylene. As a result, the price of mixed xylene stopped falling and rose.

Downstream phthalic anhydride market has seen a significant increase

According to the market analysis system for phthalic anhydride products by Business Society, as of May 27th, the quoted price of phthalic anhydride was 8187.50 yuan/ton, an increase of 6.06% compared to the price of phthalic anhydride on May 1st, which was 7720 yuan/ton. The price of raw material ortho xylene has increased, and the cost of phthalic anhydride has increased; In the latter half of the year, the concentrated maintenance of the phthalic anhydride plant has reduced its capacity utilization rate to below 60%, resulting in a decrease in supply and supporting the rise in phthalic anhydride prices, leading to a significant increase in phthalic anhydride prices.

Future prospects

According to analysts from Business Society’s adjacent xylene data, in terms of cost, the price of mixed xylene first fell and then rose, and the cost support for adjacent xylene increased; In terms of supply and demand, the price of phthalic anhydride has risen, and the tightening of ortho benzene supply has increased demand support, leading to increased support for the rise of ortho benzene. Overall, the supply and demand support is increasing, and it is expected that the benzene market will rise in the future.