Price trend

 

According to the data monitoring of business news agency, after three consecutive falls in the price of o-benzene in March, the price of o-benzene finally rose this week. As of April 15, Sinopec’s quotation for o-xylene was 5600.00 yuan / ton, up 3.70% from 6400 yuan / ton at the beginning of the month (April 1).

 

Deflagration of aromatics equipment in Yangzi Petrochemical Company

 

At 16:00 on April 9, a deflagration and fire broke out in the aromatics plant of Yangzi Petrochemical Co., Ltd. Although the fire was put out in time and the impact on the overall supply of the market was limited, the explosion was the second explosion accident of Yangzi Petrochemical this year, which may lead to strict investigation of enterprise safety accidents and affect enterprise production. Yangzi Petrochemical, with an o-xylene production capacity of 240000 tons / year, is a leading enterprise in the production of o-xylene in China. The explosion of Yangzi Petrochemical caused market panic and promoted the development of o-xylene rise in price.

 

Upstream market of industrial chain

 

It can be seen from the price trend chart of mixed xylene that the price of mixed xylene rose slightly in April, although the increase was limited, it rose steadily. Mixed xylene price remains high, o-xylene cost pressure increases, o-xylene theoretical profit is negative, o-xylene price increase momentum increases.

 

O-xylene external price rise

 

Date, trade name, port, price

2021-4-14 – o-xylene – Amsterdam, Rotterdam and Antwerp $910.00/t

2021-4-9 – o-xylene – Gulf of Mexico US $915.08/t

2021-4-9-o-xylene-760.00 USD / T

2021-4-9-o-xylene-765.00 USD / T

2021-4-9-o-xylene-810.00 USD / T

2021-4-9 – o-xylene – Amsterdam, Rotterdam and Antwerp $910.00/t

2021-4-1 ﹣ o-xylene ﹣ Gulf of Mexico ﹣ 904.05 USD / T

2021-4-1 – o-xylene – China $760.00/t

2021-4-1 – o-xylene – $760.00/t

2021-4-1-o-xylene – $805.00/t

2021-4-1 – o-xylene – Amsterdam, Rotterdam and Antwerp $900.00/t

It can be seen from the trend of external quotation that the external price of o-xylene has risen slightly since April. Port o-benzene slowly to inventory, external market to stimulate domestic o-benzene market, domestic o-benzene market slowly pick up.

 

Future forecast

 

Bai Jiaxin, an o-xylene data analyst of business news agency, believes that since April, the rising pressure of domestic o-xylene has increased due to the high raw materials and the recovery of external market, but the weak downstream demand has limited the price rebound of o-xylene. However, the explosion of Yangzi Petrochemical completely ignited the rising power of o-benzene, and the price of o-benzene rose. In the future, the rise of demand for o-benzene is limited, and the support for the rise of o-benzene is insufficient, but the support for the cost of o-benzene is still in the market. The external market is favorable and stimulating, and the market push up psychology is larger. The strength of o-benzene is expected to stabilize temporarily in the future.

http://www.gammapolyglutamicacid.com