According to the Commodity Market Analysis System of Shengyi Society, the xylene market will first decline and then rise in October 2025, with an overall downward trend. From October 1st to 31st, the domestic xylene market price fell from 5440 yuan/ton to 5330 yuan/ton, with a cumulative price drop of 2.02% during the period.

Early October: After the holiday, the domestic mixed xylene market fluctuated downward, and the demand for oil blending industry in Shandong region was weak. The ex factory prices of main refineries generally decreased slightly, and shipments were active. The inventory in the East China market is still low, but the market transaction situation is average. The prices of the main refineries in the South China region remained stable during the week, with a weak market performance and stable prices.
Late period: The mixed xylene market first fell and then rose, overall weakening. In the early stage, the demand for oil blending industry in Shandong region remained weak, and the ex factory prices of main refineries generally decreased slightly. The trend of the East China market is weak, and the quotes of the main refineries in the South China market first fell and then rose. At the end of the month, with the recovery of crude oil prices, the fundamentals of the xylene market have partially improved. The ex factory prices of main refineries in Shandong have generally increased slightly, and downstream purchasing intentions are still acceptable. Spot market prices have slightly rebounded.
On the cost side: According to the Commodity Market Analysis System of Shengyi Society, the crude oil market first fell and then rose in this cycle. The crude oil market was affected by negative factors in the first ten days. On the one hand, OPEC+has launched a new round of production increase of 1.65 million barrels per day, but the market is still concerned about the long-term risk of oversupply, and the crude oil market continues to decline; On the other hand, the easing of the situation between Israel and Palestine, coupled with weakened demand from the United States, has dragged down global economic and demand expectations due to US tariffs. In addition, the increase in US crude oil inventories has led to the end of the peak oil season in the United States, and the global economic outlook and oil demand are not optimistic, resulting in a rapid decline in international oil prices. After entering the second half of the year, OPEC+has launched a new round of production increase of 1.65 million barrels per day. The market is still concerned about the long-term risk of oversupply. The situation between Palestine and Israel has eased, and coupled with weakened demand from the United States, the issue of US tariffs has dragged down global economic and demand expectations, leading to a rapid decline in international oil prices; However, in the later stage, with the continuation of sanctions policies against some oil producing countries by Europe and the United States, coupled with reduced concerns about negative pressure caused by US tariffs and trade disputes, the crude oil market trend has risen. As of the 29th, the settlement price of the December WTI crude oil futures contract in the United States was $60.48 per barrel. The settlement price of Brent crude oil futures for the December contract is $64.92 per barrel.
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 October 31st, East China Company quoted 5300 yuan/ton, North China Company quoted 5050-5250 yuan/ton, South China Company quoted 5500-5550 yuan/ton, and Central China Company quoted 5050-5250 yuan/ton.
Demand side:

According to the Commodity Market Analysis System of Shengyi Society, as of October 31, 2025, the execution price of xylene by Sinopec Sales Company was 6700 yuan/ton, and this price 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 reduction of 100 yuan/ton compared to September 29. As of October 30th, the closing prices of the para xylene market in Asia were 792-794 US dollars/ton FOB Korea and 817-819 US dollars/ton CFR China, a decrease of 4 US dollars/ton from September 28th.
Market forecast: The crude oil market has slightly rebounded, boosting the mentality of the spot market. The supply side has not changed much recently, and its impact on the market is limited. The downstream market on the demand side has been mainly replenishing raw materials on demand recently, and spot market prices have slightly rebounded. Overall, the changes in supply and demand are limited, and it is expected that the xylene market will mainly fluctuate within a certain range.