According to the Commodity Market Analysis System of Shengyi Society, the mixed xylene market has fluctuated upward this week. From March 31 to April 7, 2025, the price of mixed xylene has increased from 6340 yuan/ton to 6420 yuan/ton, an increase of 1.26%. As the holiday season approaches, downstream purchasing intentions are still acceptable, and companies actively enter the market for inquiries. The market trading situation is good, and refineries in Shandong generally operate with low inventory levels. The supply in East China is relatively loose, leading to a decline in market disinfection. The price increase of Sinopec in the South China region has driven the spot market prices to strengthen, but the market trading is weak, and downstream demand is increasing.

Cost wise: International crude oil futures plummeted on April 4th. The settlement price of the main contract for WTI crude oil futures in the United States was $61.99 per barrel, a decrease of $4.96 or 7.4%. The settlement price of the main Brent crude oil futures contract was $65.58 per barrel, a decrease of $4.56 or 6.5%. Affected by US tariff policies, oil prices have plummeted for two consecutive trading days, with WTI experiencing a cumulative drop of nearly $10. Investors are concerned about the risk of economic recession caused by the escalation of global trade conflicts. According to crude oil analysts from Shengyi Society, based on the subsequent impact of current US tariff policies, crude oil may enter a new cycle in the long term. The supply-demand balance may be disrupted and enter the process of rebalancing again. In the short term, given that countries are attempting to negotiate lower tariffs or impose retaliatory tariffs, tariffs may change and oil prices may fluctuate significantly in the short term.
Supply side:
Sinopec’s xylene quotation summary shows that the company is currently operating normally, with stable production and sales. The company’s quotation remains unchanged from the previous day. As of April 7th, East China Company quoted 6400 yuan/ton, North China Company quoted 6200-6300 yuan/ton, South China Company quoted 6550-6600 yuan/ton, and Central China Company quoted 6150-6350 yuan/ton.
Demand side:
On April 7th, the price of xylene in the petrochemical sales company was temporarily stable, and the current execution price is 7200 yuan/ton. This price is implemented in East China, North China, Central China, and South China. Yangzi Petrochemical, Zhenhai Petrochemical and other units are operating stably and selling normally, with a price reduction of 400 yuan/ton compared to March 28th. As of April 4th, the closing prices of the xylene market in Asia were $778-780 per ton FOB Korea and $803-805 per ton CFR China.
Market forecast: Affected by the news of US tariffs, the overall commodity market will weaken, crude oil prices will significantly decline, and the atmosphere in the spot market will be weak. The sales situation in Shandong region is good, and inventory is running at a low level. As the market atmosphere weakens, downstream wait-and-see sentiment is strong, and the demand side is bearish. Overall, the market atmosphere is relatively weak, with factory quotes generally decreasing this week. Downstream purchases are mostly on the wait-and-see side, with limited price support. It is expected that the market will operate weakly in the short term.