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.

 

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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.

 

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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.

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