According to the Commodity Market Analysis System of Shengyi Society, the xylene market fluctuated downward in the first half of March 2025 and fluctuated within a certain range in the second half. From March 1st to 31st, the domestic xylene market price fell from 6640 yuan/ton to 6340 yuan/ton, with a cumulative price drop of 4.52% during the period.

Early month: The market in Shandong region is temporarily stable, and the sales of refineries in Shandong region are good during the week. Downstream purchases are made according to demand, and trading is relatively stable. The trend in the East and South China markets was relatively weak this week, especially in the South China region where the overall market atmosphere was weak and the negotiation atmosphere was biased due to Sinopec’s price reduction.
Mid month: The decline in the crude oil market during this cycle has dragged down the mentality of the mixed xylene market, and the overall weak operation of the domestic xylene market has been observed. The performance of various regions is basically consistent, with slight differences in the magnitude of the decline. Among them, the Shandong region is affected by the surrounding market and has a weak mentality. The overall weakness on the demand side during the week has led to local refining companies lowering prices and releasing inventory this week, resulting in weak transactions. The overall inventory in the East China region is relatively low, but the liquid chemical market has generally weakened during the week, and the xylene market has clearly followed suit. On exchange trading is generally weak, and downstream stocks are replenished as needed.
Late of the month: There were slight differences in the performance of the domestic mixed xylene market in various regions this week. Due to poor downstream demand, prices in Shandong region fell overall during the week, and local refineries continuously lowered their ex factory quotations and actively shipped. Affected by tight supply within the region, market prices in East and South China have remained stable with slight increases, but actual transactions in the market are limited and demand performance is weak.
Cost wise: The international oil price trend in March has declined. As of the 28th, the settlement price of the main contract for WTI crude oil futures in the United States was $69.36 per barrel, and the settlement price of the main contract for Brent crude oil futures was $72.76 per barrel. On the one hand, the United States is increasing its crude oil production, coupled with escalating trade tariffs that may suppress global economic growth, which is bearish for the international oil market. On the other hand, the situation between Russia and Ukraine has eased. If the geopolitical situation between Russia and Ukraine ends, the United States will also ease its oil sanctions against Russia, causing international oil prices to fall. Overall, the trend of international oil prices has declined.
Supply side: Sinopec xylene quotation summary. Currently, the company is operating normally, with stable production and sales of equipment. The company’s quotation remains unchanged from the previous day. As of March 31st, East China Company quoted 6300 yuan/ton, North China Company quoted 6250 yuan/ton, South China Company quoted 6500-6550 yuan/ton, and Central China Company quoted 6300 yuan/ton.
Demand side:
On March 31st, Sinopec Sales Company implemented a price of 7600 yuan/ton for xylene, which was implemented in East China, North China, Central China, and South China. Yangzi Petrochemical, Zhenhai Petrochemical, and other facilities operated stably and sold normally, with a price increase of 100 yuan/ton compared to February 28th. As of March 28th, the closing prices of the xylene market in Asia were $822-824/ton FOB Korea and $847-849/ton CFR China, a decrease of $19/ton from February 27th.
Market forecast: The crude oil market trend remains weak, with insufficient guidance for the spot market. The supply side in Shandong region has been running at a low inventory level recently, with good sales performance. The market has heard that some devices will be restarted later, and the market expects loose supply in the future. The overall inventory in other regions is stable, moderately high, and the supply is slightly loose. The downstream oil blending industry has a weak purchasing enthusiasm on the demand side, and the overall demand side is biased towards rigid demand. Overall, it is expected that the demand will remain stable and the xylene market will continue to fluctuate within a certain range.