Price trend

According to the data from the orthobenzene society, the price of benzene did not rise rapidly in early December. As of December 14, the contract price of o-xylene executed by Sinopec in East China was 5500.00 yuan / ton, while that of Sinopec in North China was 5650 yuan / ton. The average price of o-xylene was 5560 yuan / ton, up 1.09% compared with 5500 yuan / ton at the beginning of the month (December 1); the price of o-xylene decreased by 1.07% compared with the highest point (December 2) of 5620.00 yuan / ton.

Upstream market of o-benzene

It can be seen from the price trend chart of mixed xylene that the price of mixed xylene rose sharply in December and then stabilized, with an overall increase of 9.15% in December, and the cost of o-benzene rose. However, with the price of mixed xylene stabilizing, the driving force of o-xylene’s rise was weakened.

Trend of downstream products

It can be seen from the phthalic anhydride price trend chart that phthalic anhydride failed to continue the upward trend in November in December, and the price of phthalic anhydride fell in December with a drop of 11.54%. In general, the passion of phthalic anhydride market in December was no longer enthusiastic, the downstream demand of o-benzene weakened, the market of o-benzene weakened, and the negative effects increased.

Future forecast

According to Bai Jiaxin, an o-xylene data analyst from business agency, in December, the mixed xylene price of o-benzene raw material became stable, and the cost of o-benzene in the future market became stable, and the driving force of o-benzene’s rise weakened; in December, the price of phthalic anhydride fell, the passion of o-benzene Market ceased, the demand for o-benzene decreased, the good and bad of o-benzene weakened. Generally speaking, in December, the passion of o-benzene industrial chain was no longer enthusiastic, mixed xylene prices tended to stabilize, phthalic anhydride prices fell, o-benzene rising momentum weakened, downward pressure increased, it is expected that the future market of o-benzene prices will stabilize and the downward pressure will increase.