I. price trend

According to the data in the business club’s bulk list, the domestic isomeric xylene market this week was stable, up about 0.41% as of Friday.

II. Analysis and comment

1. Products: compared with last week, the market transaction is stable this week. At present, the mainstream price in East China is about 6000 yuan / ton. According to the feedback from traders, last week’s trading volume was fair, and the port inventory increased steadily and slightly, about 25000 tons.

2. Industrial chain:

Upstream, in terms of crude oil, this week’s oil prices generally showed a bottoming recovery trend, with Brent up 1.07% at sight, Brent futures up 1.3%, WTI futures flat, and Dubai futures up 2.64%.

In the downstream, in the PX market, the price of the external market is slightly higher, the operating rate of the downstream textile industry is slightly lower, and the supply of the domestic PX market is normal. It is expected that the PX market price will maintain 6700 yuan / ton next week. In terms of PTA market, the price of external market is about 600-610 US dollars / ton, while the price of domestic PTA spot market rebounds slightly, and it is expected that PTA market will maintain a weak shock in the short term. In the ox market, Sinopec’s o-benzene quotation was stable, at 6200 yuan / ton. The external quotation of o-benzene declined slightly, and it is expected that the future market of o-benzene will maintain a small fluctuation trend.

III. future forecast

According to xylene analysts from the chemical branch of business society, we will continue to focus on market turnover, port inventory, progress of Sino US trade negotiations and crude oil trend next week. On the whole, toluene market is expected to continue to fluctuate slightly next Tuesday.