I. price trend

In November 2019, the domestic antimony ingot market fell at the end of the month, with an average price of 42000 yuan / ton at the beginning of the month and 41625 yuan / ton at the end of the month, down 0.89%.

On November 30, the antimony commodity index was 57.95, unchanged from yesterday, down 43.36% from 102.32 (2012-10-16), the highest point in the cycle, and up 23.35% from 46.98, the lowest point on December 24, 2015. (Note: cycle refers to 2012-09-08 to now).

II. Market analysis

Upstream and downstream: this month, the price of antimony trioxide follows the trend of antimony ingot to the end of the month. As of the 30th, the average price of antimony trioxide is 99.5% at 36000 yuan / ton and 99.8% at 38500 yuan / ton. In terms of raw antimony ore, the price change this month is limited, and the price is relatively stable. Near the end of the year, some mine owners have the willingness to withdraw funds, but the price is relatively firm and the fluctuation is limited.

Domestic market: the spot market has been in a stable trend this month. Near the end of the month, the price is declining. This month, the market continues to have light trading and limited negotiation. As a result, some manufacturers slightly reduce the price to sell, resulting in a certain degree of price decline. However, nearly the end of the year, most manufacturers have basically completed their annual tasks, and will not make too much adjustment to the market. This price correction is also the previous period The small-scale fluctuation after the rise has limited impact on the market. The main domestic manufacturers are still firm in price mentality, and there is limited space for subsequent continuous decline. As of the end of the month, the average price of 2 × low bismuth antimony ingot is 39500 yuan / ton, 1 × antimony ingot is 40000 yuan / ton, 0 × antimony ingot is 41000 yuan / ton, and 2 × high bismuth antimony ingot is 37500 yuan / ton.

Industry: U.S. economic data is good. Powell said in the Federal Reserve’s beige book that he is optimistic about the U.S. economic expectations. The U.S. stock market has set a new record, but the high U.S. dollar also suppresses the basic metals.

III. future prospects

In December next week, European and American data sets will have a certain impact on market confidence and the dollar index. In the near future, the fund tolerance is high and the performance is loose. The domestic basic metals may be in the final rush active state before the end of the year. It is expected that the spot antimony ingot Market in East China will fluctuate slightly with limited price fluctuation.

I. price data

As of November 29, the average ex factory price of domestic refined and hydrogenated naphtha is 6120.00 yuan / ton, 0.60% higher than 6083.33 yuan / ton at the beginning of the week, and the actual transaction price of refined and hydrogenated naphtha is about 6100 yuan / ton.

On November 29, the naphtha commodity index was 75.53, up 0.45 points from yesterday, down 26.40% from 102.62 (2012-09-24), the highest point in the cycle, and up 78.81% from 42.24, the lowest point on July 19, 2016. (Note: cycle refers to 2012-09-01 to now)

II. Analysis of influencing factors

Product: the price of refined naphtha rose slightly this week, and trading was basically stable.

Industry chain: upstream: according to the monitoring of the business agency, WTI crude oil in the United States is 57.77 USD / barrel at the beginning of the week, 58.11 USD / barrel at the end of the week, up or down 0.59%; Brent crude oil is 63.39 USD / barrel at the beginning of the week, 63.87 USD / barrel at the end of the week, up or down 0.76%. OPEC’s discussion on production reduction made the market cautious in trading, and the U.S. crude oil inventory and production increased. At present, the price of the international crude oil market is not strong. Downstream: according to the monitoring of the business agency, the turnover of toluene market has gradually improved this week, and the port inventory has remained low. This week, the domestic toluene market rebounded slightly by 0.44%. In general, the market turnover, the port inventory increased, the domestic isomeric xylene market fell 1.03% this week, the current mainstream price in East China is about 6050 yuan / ton. This week, the domestic PX price trend was stable, while the external market trend was slightly volatile, with the market price of about 6700 yuan / ton.

Industry: according to the price monitoring of the business association, in the 47th week of 2019 (11.25-11.29), there are 9 kinds of commodities in the list of commodity prices rising and falling, including 1 kind of commodity with an increase of more than 5%, accounting for 6.3% of the number of commodities monitored in the sector; the top 3 commodities are LNG (6.90%), coke (3.09%) and methanol (1.30%). There are five kinds of commodities with a decline in the month on month ratio, and the top three products were dimethyl ether (- 3.91%), petroleum coke (- 3.31%) and MTBE (- 1.42%). This week’s average was 0.3%.

III. future forecast

According to energy analysts of business news agency, this week’s naphtha refining increased slightly, while Asian naphtha continued to boost the domestic market at a high level. Suppliers prepared goods in December. It is expected that the price of naphtha refining and hydrogenation will rise in the near future, with the average price range of 6000-6200 yuan / ton.

According to statistics, the price trend of domestic hydrofluoric acid continues to rise, and the price of domestic hydrofluoric acid rises to 9970 yuan / ton. Recently, the price trend of hydrofluoric acid shows an upward trend. Recently, due to the decrease of fluorite market supply and the improvement of refrigerant market, the price of hydrofluoric acid market rebounds higher.

The price of hydrofluoric acid in China has increased. In the near future, the factory’s delivery is normal. The operating rate of the downstream refrigerant industry has not changed much. For the domestic hydrofluoric acid market to purchase on demand, the operating rate of the domestic hydrofluoric acid plant is about 60%, the domestic spot supply is normal, and the domestic price trend has increased slightly. Up to now, the mainstream of the hydrofluoric acid negotiation in the south is 9500-10000 yuan / ton, and the northern market The price of hydrofluoric acid is 9500-10500 yuan / ton. In recent years, the price of hydrofluoric acid Market in China has risen, and the supply of hydrofluoric acid manufacturers has generally gone, and the market price has rebounded. The mainstream of hydrofluoric acid negotiation in Fujian Province is about 9500-10000 yuan / ton, that in Shandong Province is 9000-10000 yuan / ton, that in Jiangxi Province is 9500-10000 yuan / ton, and that in Inner Mongolia is 9000-10000 yuan / ton. The price trend of hydrofluoric acid market continues to rise.

In the near future, the price of fluorite in the upstream of hydrofluoric acid remains high. The ex factory price of fluorite in China is 2861.11 yuan / ton. The domestic fluorite plant is in normal operation. The mine and flotation plant in the field are in normal operation. The supply of fluorite in the field is normal. In the near future, the price of hydrofluoric acid in the downstream remains low. For the purchase on demand in the fluorite market, the goods in the fluorite field are generally sold, and the price trend of fluorite market is stable temporarily. In the near future, the downstream units are under normal operation, the spot supply of fluorite in the site is sufficient, and the downstream demand of the terminal is general, which leads to the temporary stability of the market price trend. The high price of fluorite brings certain cost support to the hydrofluoric acid market, and the price trend of hydrofluoric acid market is stable. However, in the near future, fluorite supply has decreased, fluorite prices remain high, and the market price of hydrofluoric acid has been affected.

In the near future, the transaction market of the downstream refrigerant market of the terminal has increased slightly. At present, the automobile industry has entered the cycle of goods preparation. The supply of R22 in China is tight. The market price of R22 in China has increased. The starting load of the manufacturer’s production unit is still not high. The supply capacity of the market source has declined. The downstream air conditioning manufacturer has maintained the demand, but the supply is tight. The price of domestic large enterprises is mainly Flow rose to 13500-14500 yuan / ton. The price trend of R134a market in China has increased slightly, and the unit operating rate of production enterprises has maintained a low level. At present, the automobile industry has entered the stock cycle, and the demand for R134a has slightly improved. At present, the supply of R134a in the market is a little tight, the price has slightly increased, the downstream market has improved, and the price trend of hydrofluoric acid market may usher in a “turning point”.

In recent years, the operating rate of domestic refrigerant units has not changed much, but the quotation of downstream refrigerants has increased. In addition, the supply of fluorite in the near future has decreased, and fluorite price remains high, which has a certain positive support for the market price of hydrofluoric acid. Chen Ling, an analyst of hydrofluoric acid in business association, thinks that the market price of hydrofluoric acid in the future may continue to rise slightly.

On November 27, the PX commodity index was 54.40, unchanged from yesterday, down 46.88% from 102.40 (2013-02-28), the highest point in the cycle, and up 19.43% from 45.55, the lowest point on February 15, 2016. (Note: cycle refers to 2013-02-01 to now).

According to statistics, in recent years, the domestic market price trend of p-xylene has remained volatile, the operation of new 600000 ton plant in Hongrun is stable, the operation of petrochemical plant in Pengzhou is stable, 50% of petrochemical plant in Urumqi has been started, one line of aromatics plant in Fuhai Chuang has been started, CNOOC Huizhou refining and chemical plant has been overhauled, the PX plant in Hengli Petrochemical has been put into operation, the operation of other plants is stable temporarily, and the domestic p-xylene plant has been installed The operating rate is about 70%. Due to the normal supply of domestic p-xylene market when the new unit is put into operation, the market price trend of p-xylene remains low and fluctuates. The operating rate of PX plant in Asia is about 80%. On November 26, the closing price of p-xylene market in Asia dropped by 4 dollars / ton, and the closing price was 769-771 dollars / ton fob in South Korea and 790-792 dollars / ton CFR in China. About 50% of domestic products need to be imported. The decline of external price has a certain negative impact on the domestic market price of p-xylene, which is not well supported enough. The market price of p-xylene is not good enough Maintain low volatility.

WTI crude oil futures market in the United States recently rose slightly to 58.41 USD / barrel, or 0.40 USD, while Brent crude oil futures rose to 64.27 USD / barrel, or 0.62 USD. The recent easing of international tensions will ultimately play a role in maintaining global economic growth and energy demand, while OPEC is also expected to continue to limit crude oil production, which ended slightly higher. U.S. crude oil inventories rose for five consecutive weeks (10 out of 11 weeks); oil prices rebounded again as the trade situation improved and OPEC was likely to extend its production reduction agreement. Flynn, senior market analyst at price futures group, said there was a general consensus that the economic situation was improving. Tom finlon, director of energy Analytics Group, said optimism about trade and the possibility of OPEC + extending production reduction agreements and increasing utilization should support oil prices. Crude oil price remains low, petrochemical product cost support is limited, domestic p-xylene price trend remains low.

In terms of raw material PTA, Shanghai Yadong Petrochemical Co., Ltd. and Hainan Yisheng PTA plant have been heated up and restarted, and the operation rate has been raised to 95%. In addition, Dushan energy 1.1 million ton line is planned to be put into operation by the end of November. At the same time, affected by the downstream polyester production reduction news, PTA market fell under the pressure of new supply. As of November 26, the market average price was 4844 yuan / ton, down 0.50% compared with the previous trading day, down 22.28% year on year. The overall market transaction in the lower reaches has cooled down. The comprehensive start-up rate of Jiangsu and Zhejiang looms is about 74%. The terminal factory is currently catching up with foreign Christmas orders, and the orders are basically coming to an end. With the beginning of December, the orders will gradually decrease, so it is expected that the load of Jiangsu and Zhejiang looms will decrease. Some orders will be issued next spring and summer, but the order quantity is not large, and the product delivery speed is average.

Recently, the crude oil price is mainly volatile, but the downstream demand of the terminal is not getting better, which has a certain negative impact on the xylene market. Business analysts believe that PX market price may slightly decline.

According to the monitoring of the business association, the price of power coal maintains stable operation. On November 26, the average price in the domestic market was about 558 yuan / ton (flat price). On November 26, the power coal commodity index was 67.26, unchanged from yesterday, down 34.71% from 103.01 (2011-11-15), the highest point in the cycle, and up 50.47% from 44.70, the lowest point on January 20, 2016. (Note: cycle refers to 2011-09-01 to now)

With the arrival of domestic winter heating season, the domestic demand for power coal has improved, which has certain support for the price of power coal. According to the business association, as of November 25, the inventory of six major coastal power plants was 16.992 million tons, with a weekly to environmental ratio increase of 136000 tons, a year-on-year decrease of 599000 tons; the daily coal consumption was 634000 tons, with a weekly to environmental ratio increase of 43000 tons, a year-on-year increase of 9.6 tons; the available days were 26.8 days, with a weekly to environmental ratio decrease of 1.7 days, and a year-on-year decrease of 5.9 days.

Business analysts believe that: on the one hand, the supply of power coal is still sufficient, on the other hand, with the arrival of winter heating season demand has improved, overall, the price of power coal will maintain a weak balance in the short term.

I. price trend

According to the data monitoring of business agency, last week’s zinc market continued to be depressed, and zinc prices fell in shock. As of November 22, the price of zinc was 18546.67 yuan / ton, down 0.64% from 18666.67 yuan / ton on November 17, down 14.97% from the same period last year. Overall, zinc market performance was weak last week.

II. Market trend analysis

Price trend of zinc in LME Market

As can be seen from the figure, zinc prices in LME futures market fell in shock last week. As of November 22, LME zinc ingot offered 2313 US dollars / ton, compared with the zinc price of 2383 US dollars / ton at the beginning of the week (November 18), the zinc price dropped 70 US dollars / ton, and the zinc price fell sharply. The zinc price in LME market fell, which was bad for the domestic zinc market. The domestic zinc price lost the support of rising power, and the zinc market in the future was bad.

Decrease of zinc stock in Shanghai Futures Market

Time, inventory (ton), change (ton), trader, position holder / change

November 1 29322 52 303718 438130 / – 5360

November 4 29295-27 333120 451102 / 12972

November 5 29168-127 350116 461152 / 10050

November 6 28866-302 577994 472002 / 10850

November 7 28515-351 411288 488166 / 16164

November 8 27859-656 341340 497428 / 9262

November 11 27334-525 420084 501400 / 3972

November 12 27716 382 359414 482244 / – 19156

November 13 27391-325 467708 482260 / 16

November 14 27988 597 572272 511566 / 29306

November 15 28688 700 407240 501022 / – 10544

November 18 28995 307 452246 493782 / – 3610

November 19 28516-479 422480 500310 / 6528

November 20 27037 – 1479 356808 486646 / – 13664

November 21 22458-4579 618258 544690 / 58044

November 22 21958-500 390974 537312 / – 7378

As can be seen from the figure, as of November 22, the stock of zinc ingots in Shanghai futures market was 21958 tons, a sharp drop from 29322 tons at the beginning of November. In November, the stock of zinc ingot in Shanghai futures market fell, the positions of zinc ingot in futures market changed frequently, and the trading in zinc market was active, which had a positive impact on the rise of zinc market in the future.

Zinc import and export in 2019

It can be seen from the table that in 2019, the export volume of zinc in the same period rose sharply, while the import volume fell slightly. The total import volume of zinc and its products is still far greater than the export volume of zinc and its products. The increase in the export of domestic zinc market is good for the domestic zinc market, but the total import volume of zinc market is still far greater than the export volume. The demand of zinc market is mainly domestic demand. The increase in the export volume is not enough to make up for the downturn of domestic zinc market. The zinc market has a certain upward momentum but insufficient momentum.

III. future prospects

Bai Jiaxin, an analyst of business club, thinks: in the international market, LME zinc price fell sharply last week, and the negative pressure on the international zinc market increased, which is obviously negative for the domestic zinc market; in the domestic zinc market, the stock of zinc ingots in Shanghai futures market decreased, the supply surplus of zinc market eased, the trading of zinc ingots in Shanghai futures market increased actively, and there are certain positive signs in the future of zinc market. But generally speaking, the activity of zinc ingot trading in futures market is becoming stronger and the export volume is increasing, which is not enough to offset the damage to zinc price caused by the month by month increase of zinc output. The demand of zinc market is low, the zinc market is still in oversupply, the downward pressure of zinc market is still greater than the upward momentum, and it is expected that zinc price will fluctuate slightly in the future.

I. price trend

This week, aniline continued to decline in Shandong and Nanjing, according to a large number of data from the business club. Last Friday, the market price of aniline in Shandong was 7150 yuan / ton, while that in Nanjing was 7530 yuan / ton. On Friday, the market price of aniline in Shandong Province was 6680-6700 yuan / ton, down 6.43% from last week, while that in Nanjing was 7000 yuan / ton, down 7.04% from last week.

II. Analysis and comment

Raw materials: the port inventory of pure benzene is low this week, and the spot supply is tight to support the pure benzene market. However, the downstream profit level is low, which limits the recovery of pure benzene market.

Product: this week, aniline made two major adjustments, during which some enterprises continued to reduce prices to promote shipment. Aniline factory load higher, inventory accumulation, in order to promote the shipment of aniline enterprises to reduce profit prices.

III. future expectation

Raw materials: at present, the overall supply and demand of pure benzene market are weak, and the sense of market direction is not strong. In addition, the supply of hydrogenated benzene in North China will resume, and Zhejiang Petrochemical will soon pilot production, which may increase the impact on the pure benzene Market in the future. It is expected that the short-term pure benzene will still be weak in the overall operation.

Compared with the price of pure benzene at present, the price of aniline is still higher than that at the beginning of September, or there is still a possibility of downward trend.

I. price trend:

According to the monitoring data of the business agency, the price of ethylene in the external market this week showed a downward trend. The average price of ethylene at the weekend was $837.00/ton, down 0.77% from $843.50/ton at the beginning of the week, and the current price was 13.35% lower than last year.

II. Market analysis:

Product: ethylene overall fell this week. Asian ethylene market prices fell, as of the end of the week, CFR Northeast Asia closed at $807-815 / ton, and CFR Southeast Asia closed at $808-814 / ton. The price of European ethylene market fell slightly. As of the end of the week, the price of European ethylene market was FD, northwest Europe closed at $905-908 / ton, and CIF, northwest Europe closed at $810-821 / ton. The price of ethylene in the U.S. region rose. As of the end of the week, the price was US $484-496 / ton. Overall, the overall ethylene market fell. The industry pays more attention to the supply and demand after the festival.

Industry chain: International: on November 20, WTI crude oil futures market in the United States rose to $57.11/barrel, up $1.90 or 3.4% from the previous trading day, while Brent crude oil futures rose to $62.4/barrel, up $1.49 or 2.4% from the previous trading day. According to the news, the demand for gasoline and distillate oil in the United States fell, the annual growth rate of the total inventory of oil products narrowed, and the crude oil futures in Europe and the United States closed higher. However, in the early stage, the oil price fell by a relatively high margin, which did not play a supporting role in ethylene, and the external market of ethylene fell. The price of downstream styrene fluctuated and fell, and the price of ethanol continued to consolidate, which could not play a supporting role in the price of ethylene, and there is a possibility of falling.

3. Future forecast:

According to ethylene analyst of business and chemical branch, the recent sharp rise and fall of crude oil price is mainly affected by too many short-term information factors. Including US crude oil storage data, geography, OPEC + production reduction expectation, etc., so analysts of business data expect that ethylene price will keep a narrow range of shocks in the future.

I. price trend

According to the monitoring data of business agency, as of November 20, the average price of domestic ethanol market was 5460 yuan / ton, the price rose 0.55% month on month, and the price fell 1.62% year on year. The domestic ethanol market is mainly stable, and the market in some regions is strong.

II. Market analysis

Product: the domestic ethanol market is stable temporarily. Due to snowfall in Northeast China, the cost of automobile transportation rises, the price rises, the offer is temporarily stable, and the price of wine is on the lookout; the ethanol market in East China fluctuates little, and the market in each region continues to weaken, and the factory orders are generally accepted; the ethanol market in Shandong province maintains stable operation, and most large factories implement contracts, with stable market focus and few new orders are traded; the cassava alcohol market in Northern Jiangsu province fluctuates little. The downstream takes the goods according to the demand, and the liquor price is stable. The cassava alcohol market in southern Jiangsu maintains stable operation, with the overall demand continuing to be light, and the liquor companies’ shipping mood is general. The ethanol market in Henan area is arranged in the interval, and the downstream trading atmosphere is light, while the liquor companies are temporarily stable. The ethanol market in South China is arranged in the high position, the downstream trading atmosphere is flat, and the stocks of each company are many and low. The short-term domestic ethanol market maintained stable operation, with local shocks.

Industry chain: corn: with the wheat price in Luji region entering a high position, the supply and demand pattern of wheat in the circulation market tends to improve, the trend of wheat price tends to stabilize, and the volume of national wheat storage volume has declined significantly year on year. In the later period, when the “peak season is not prosperous” and the holiday boosting effect is weakened, the downward pressure on wheat prices in Shandong and Hebei will increase. Up to the first ten days of November, most of the winter wheat in the North was in the period of three leaves to tillering, and the proportion of the first and second winter wheat seedlings in China was 21% and 78%, respectively. After the obvious increase in the period after the National Day holiday, with the increase of the sales of the main grain holding stocks of wheat and the increase of cross regional inflow, the pattern of supply and demand of wheat in the circulation market in Shandong and Hebei region tends to improve, and the trend of wheat price shows a stable high running trend, with some regional wheat prices rising and falling, but the range is not large.

Ethyl acetate: the domestic market of ethyl acetate is stable, and the mainstream supplier digests the inventory of cargo, but the continuous weakness of raw acetic acid aggravates the bearish situation of ethyl acetate Market, and the downstream purchase continues to be rational. The substantive digestion of ethyl acetate is insufficient, and the continuous weakness of raw acetic acid drives the gradual decline of ethyl acetate Market.

III. future forecast

Business alcohol analysts predict that in the short term, the domestic ethanol market may be at a high level, and in the long term, it may be weak as supply increases.

I. price trend:

According to the data monitoring of business agency, the quotation of Sinopec orthobenzene contract was stable in November. As of November 19, the contract price of o-xylene Sinopec was 6200.00 yuan / ton, which was stable compared with the price of 6200.00 yuan / ton at the beginning of the month (November 1). The price is 19.48% lower than that of the same period last year. The price of o-benzene is stable, but the market of o-benzene is weak.

II. Market analysis:

Product analysis

Commodity name, quotation type, port, 11.15 price, 11.8 price, 11.1 price, unit

O-xylene CFR China 760.00 760.00 760.00 USD / ton

O-xylene CFR Southeast Asia 790.00 790.00 790.00 790.00 USD / ton

O-xylene FOB South Korea 755.00 755.00 755.00 755.00 USD / ton

O-xylene FOB Rotterdam 865.00 865.00 865.00 USD / ton

© November 2019 business club www.100ppi.com

In November, the quotation of benzene was stable, while that of China, Southeast Asia and South Korea was stable. The external price of o-benzene is stable, the import price of o-benzene is stable, the port price of o-benzene is stable, the port inventory is low, the negative pressure of the future market of o-benzene is weakened, and the positive power is insufficient. Sinopec’s listing price of ortho benzene in East China is 6200 yuan / ton, and the operating rate of Yangzi ortho benzene equipment is about 80%. The supply of ortho xylene is stable, the purchasing enthusiasm of the downstream of ortho benzene is poor, the purchasing power of ortho benzene is poor, the favorable power of the future ortho benzene market is insufficient, and the downward pressure is weakened.

Factor analysis of industrial chain

In November, the price of mixed xylene rose sharply in shock. After the market of mixed xylene rose in shock in November, it maintained stability. The rising price of raw materials was good for the market of o-benzene, the cost of o-benzene increased, the bad news of o-benzene weakened, the good news increased, and the downward pressure of o-benzene market weakened. The overall cost of ortho benzene has increased, and the benefit of ortho benzene in the future has increased. At the same time, it can be seen in the figure that the price of mixed xylene tends to be stable since the middle of November, the cost of o-benzene keeps stable, and the rising power of o-benzene in the future market is insufficient. The overall market of o-benzene in the future market is good but the rising power is insufficient.

In November, the price of phthalic anhydride remained stable after falling. Phthalic anhydride market was negative but the negative pressure weakened. In November, the downstream demand of phthalic anhydride was insufficient, and the upward momentum was insufficient, so the market was negative. In terms of plasticizers, in November, the weak market of DOP remained stable, while the downward pressure remained. However, with the recovery of the downstream market of plasticizers, the plasticizers had a certain upward momentum. The overall downward pressure of the downstream market of ortho benzene was weakened, and the negative market of the downstream market of ortho benzene was relieved, but the upward momentum of ortho benzene was still insufficient, and the weak market of the downstream market of ortho benzene was mainly stable.

3. Future forecast:

According to Bai Jiaxin, data analyst of o-xylene of business association, in November, the price of o-xylene raw materials mixed with xylene rose sharply, the cost of o-benzene rose, the pressure of o-benzene market fell weakened and the momentum of growth increased; in terms of demand, the market of phthalic anhydride remained stable after falling in November, the market of plasticizer was weak and stable, the price of plasticizer remained stable after falling slightly, the downstream demand was insufficient, and the price of o-benzene rose The power is insufficient, but with the gradual stability of the downstream market, the decline pressure of ortho benzene weakens, and the ortho benzene market tends to be stable; in the external market, the external price of ortho benzene has been stable in November, and the port inventory is low, which is good for the domestic Ortho benzene market, but the good is limited. To sum up, in November, the upstream market of o-xylene industrial chain was good, while the downstream market was bad, which stimulated the two-way market. The o-xylene market was better than that in October, but it was unable to rise. The overall o-xylene market was mixed, and it is expected that the o-xylene market in the future will be mainly stable.

The future market should focus on: the cost of o-benzene, the price trend of downstream phthalic anhydride and plasticizer. Attention can be paid to: the external plate of o-benzene.