Price trend

According to the business agency data monitoring, the o-benzene quotation of Sinopec dropped by 500 yuan / ton, and the domestic o-benzene market fell. As of December 22, Sinopec offered 5000.00 yuan / ton of o-xylene, down 9.09% from 5500 yuan / T at the end of last week (December 20).

Upstream market of o-benzene

It can be seen from the mixed xylene price trend chart that the mixed xylene price is stable this week, the cost of o-benzene is stable, the price of mixed xylene is stable, and the upward momentum of o-benzene is weakened.

Trend of downstream products

It can be seen from the phthalic anhydride price trend chart that the price of phthalic anhydride fell sharply in December. This week, the price of phthalic anhydride continued its downward trend in December. In December, phthalic anhydride dropped by 19%, and the market of phthalic anhydride fell sharply. The demand for phthalic anhydride was weak, and the market for o-benzene was weakened, and the negative effect was increased.

Future forecast

According to Bai Jiaxin, an o-xylene data analyst at the business club, this week, the price of mixed xylene of o-benzene raw materials tends to be stable, the cost of o-benzene is stable, and the driving force for the rise of o-benzene is insufficient; in December, the price of phthalic anhydride plummeted, which is negative for the market of o-benzene, and the demand for o-benzene drops sharply. In the future, the mixed xylene market tends to be stable, and the driving force for the rise of o-benzene is insufficient. The sharp drop of phthalic anhydride market drag down the price of o-benzene. However, with the stabilization of phthalic anhydride market, the demand of o-benzene is stabilized, and the pressure of o-benzene decline is weakened. It is expected that the future market of o-benzene will be weak and stable.