First, the price trend:

According to data from business companies, the price of ortho-benzene fell this week. On September 14th, the price of o-xylene was 7437.50 yuan/ton, which was down by 400 yuan/ton compared with the price of o-xylene (OX) of 7,837.50 yuan/ton on September 10, a decrease of 5.10% and a year-on-year increase of 24.88%. The market for o-xylene began to fall sharply in September, but the price is still higher than the same period last year.

Second, the market analysis:

Product:

This week, the inventory of phthalene in the East China Port remained at a low level. As of September 14, the inventory of Huadong Port was about 30,000 tons. The price of phthalate external disk fell. On September 14, the market for the o-xylene market in Europe was quoted at US$1015.00/ton FOB Amsterdam, Rotterdam and Antwerp. The price was US$100/ton from the beginning of this week, and the price rose by US$10/ton. Rising, the cost of imported ortho-benzene increased, and the pressure on imported ortho-benzene prices increased, which was good for the domestic price increase of o-xylene. However, the market for phthalic anhydride and plasticizers downstream of o-benzene fell, the demand for ortho-benzene increased, and the growth of o-benzene was weak, and the risk of falling benzene increased.

Industry chain:

The mixed methanol price fluctuated this week, and the cost of o-xylene rose. On September 14th, the price of mixed xylene was 6960.91 yuan/ton, which was about 160 yuan/ton higher than the price of 6798.18 yuan/ton at the beginning of September (September 10), and the price rose by 2.39%. The price of mixed xylenes has risen, and the cost of o-xylene has increased, which has supported the rise in the market for ortho-benzene.

The phthalic anhydride market fell sharply in September. In September, phthalic anhydride fell by 2.25%. This week, the phthalic anhydride market remained stable. Phthalic anhydride is the main downstream product of o-benzene. The decline in the market of phthalic anhydride directly affects the demand of ortho-benzene. The transaction in the ortho-benzene market is bleak, resulting in a sharp drop in the price of o-benzene. This week, the phthalic anhydride market was stable, and with the decline in the price of phthalic acid, the phthalic anhydride market showed signs of maintaining a stable rebound, and the demand for phthalic acid in the market was gradually picking up.

The downstream DOP market fell, the parade of benzene was cold, and the demand for benzene was general. On September 14th, the price of DOP (East China) was 9375.00 yuan/ton, which was 0.18% lower than the price of 9391.67 yuan/ton at the beginning of the week, up 5.63% from the same period of last year.

Third, the market outlook:

Baijiaxin, an analyst with o-xylene data in the business community, believes that the price of the adjacent xylene external disk has rebounded after a small decline last week. The price of imported ortho-benzene has remained high, and the stock of benzene in the port has been low. Good role. At the same time, the price of mixed benzene in domestic benzene raw materials rose, and the cost of benzene increased, which was good for the price increase of benzene. However, due to the poor market conditions of downstream phthalic anhydride and plasticizers, the demand for o-benzene is relatively small, the market for o-benzene is bleak, and the price of o-benzene is falling, which has a negative impact on the market for phthalene in the market. However, with the decline in the price of ortho-benzene, the phthalic anhydride market or the stimulus partially recovered, and the demand for ortho-benzene increased gradually. However, as the price of ortho-benzene in the current stage is still higher than in previous years, the market for phthalic anhydride and downstream plasticizers is unlikely to rise sharply in the short term. O-benzene will still decline slightly in the short term, but with the increase in demand for ortho-benzene, the price of ortho-benzene It is bound to rise again. It is expected that the price of phthalic acid in the market will rise after a small decline, and the price of ortho-benzene will rebound or rise at around 7,300 yuan/ton.