Price trend

According to the data monitoring of business news agency, after the festival, the price of ortho benzene soared, and the domestic ortho benzene market rose. With the continuous recovery of the upstream and downstream market, the price of ortho benzene finally hit the bottom and rebounded. As of February 8, Sinopec’s price of o-xylene was 5000.00 yuan / ton, up 300 yuan / ton or 6.38% from 4700 yuan / ton at the beginning of the month (February 1).

Upstream market of o-benzene

From the price trend chart of mixed xylene, it can be seen that after the Spring Festival, the price of mixed xylene continued to rise before the festival, the price rose slightly, the cost of o-benzene rose, and the rising power of o-benzene increased.

Trend of downstream products

From the price trend chart of phthalic anhydride, we can see that after the festival, the price of phthalic anhydride continued to rise and fluctuated. Since late January, the price of phthalic anhydride has risen, the demand for o-benzene has picked up, the market of o-benzene is good, and the price of o-benzene has increased.

Future forecast

Bai Jiaxin, a xylene data analyst at business news agency, believes that the volatile rise of international crude oil prices during the Spring Festival has promoted the price rise of the downstream industry chain; during the Spring Festival, due to the extremely cold weather in the United States, crude oil production plummeted and demand increased, U.S. crude oil inventory decreased significantly, and crude oil prices rose more vigorously. The mixed xylene was affected by the rise of crude oil, and the pressure of mixed xylene in the future was greater, which supported the rise of o-benzene. For the downstream, phthalic anhydride market continued to rise, which supported the o-benzene market obviously, and the power of o-benzene rise was greater. On the whole, there is a strong driving force for the rise of o-benzene. The sharp rise of o-benzene price after the festival releases the upward pressure. It is expected that the o-benzene price will be strong and stable in the future.