1、 Price trend:

 

According to the data monitoring of the business agency, in February, the price of o-xylene Sinopec contract fell, and the o-xylene market was weak. As of February 29, the contract price of o-xylene Sinopec was 5800.00 yuan / ton, down 500 yuan / ton or 7.94% compared with 6300.00 yuan / ton at the beginning of the month. Compared with the same period last year, the price dropped by 14.71%.

 

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2、 Market analysis:

 

External offer

 

Commodity name quotation type port price time

O-xylene FOB US Gulf 893.02 USD / ton 2020 / 2 / 21

O-xylene CFR China $745.00/t 2020 / 2 / 21

O-xylene CFR Southeast Asia $745.00/t 2020 / 2 / 21

O-xylene FOB South Korea $745.00/t 2020 / 2 / 21

O-xylene FOB Amsterdam, Rotterdam and Antwerp USD 870.00/t 2020 / 2 / 21

O-xylene FOB US $876.49/t in the Gulf of Mexico 2020 / 2 / 14

O-xylene CFR China $750.00/t 2020 / 2 / 14

O-xylene CFR Southeast Asia $750.00/t 2020 / 2 / 14

O-xylene FOB South Korea $750.00/t 2020 / 2 / 14

O-xylene FOB Amsterdam, Rotterdam and Antwerp USD 885.00/t 2020 / 2 / 14

O-xylene FOB US $876.49/t in the Gulf of Mexico 2020 / 2 / 7

O-xylene CFR China $750.00/t 2020 / 2 / 7

O-xylene CFR Southeast Asia $760.00/t 2020 / 2 / 7

O-xylene FOB South Korea $770.00/t 2020 / 2 / 7

O-xylene FOB Amsterdam, Rotterdam and Antwerp $880.00/t 2020 / 2 / 7

O-xylene FOB US Gulf 893.02 USD / ton 2020 / 1 / 31

O-xylene CFR China 820.00 USD / ton 2020 / 1 / 31

O-xylene CFR Southeast Asia $815.00/ton 2020 / 1 / 31

O-xylene FOB South Korea 820.00 USD / ton 2020 / 1 / 31

O-xylene FOB Amsterdam, Rotterdam and Antwerp USD 875.00/t 2020 / 1 / 31

 

As can be seen from the table, the price of benzene in February fell sharply. In February, the price of benzene in China fell by $75 / T; the price of benzene in South Korea and Southeast Asia fell by $75 / T and $70 / T respectively. The external price of ortho benzene fell sharply, the price of imported ortho benzene fell, the market of port ortho benzene fell, which was negative for the future ortho benzene market.

 

Factor analysis of industrial chain

 

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From the trend chart of raw material mixed xylene and o-benzene, it can be seen that influenced by the drop of crude oil price, the price of mixed xylene fell sharply in February, the cost of o-benzene fell, the price of o-benzene fell, and the pressure of o-benzene market fell greatly.

 

From the perspective of downstream customers, the price of phthalic anhydride fell in February, the commencement of phthalic anhydride enterprises recovered gradually but remained at a low level, and the demand for plasticizer and PVC was poor, the demand for phthalic anhydride fell, phthalic anhydride dragged down the market of o-benzene, the demand for o-benzene downstream was poor, the market of o-benzene was bad, and a small number of o-benzene transactions. The market of orthobenzene is weak.

 

3、 Future forecast:

 

Bai Jiaxin, a data analyst for o-xylene from the business association, believes that the domestic epidemic continued to affect in February, and that downstream enterprises started to recover slowly, and limited by logistics and transportation, a small number of transactions were made in the o-xylene market. The external market price fluctuated and fell, and the overall domestic and international neighboring benzene market was not good and weak. From the perspective of the future market, the start-up of ortho benzene enterprises is normal, the inventory is overstocked, the downstream enterprises resume construction slowly, and the demand is not good. Although the cost of ortho benzene has increased, the overall downward pressure is large. It is expected that the future market of ortho benzene will be in a weak position, with a large downward pressure.

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