According to the Commodity Market Analysis System of Shengyi Society, the xylene market will first decline and then rise in July 2025, with an overall downward trend. From July 1st to 31st, the domestic xylene market price fell from 6120 yuan/ton to 6010 yuan/ton, with a cumulative price drop of 1.8% during the period.
Early July: The domestic mixed xylene market saw a slight decline in this cycle, with weak crude oil and weak downstream demand, driving a weak atmosphere in the spot market. The performance in Shandong region is relatively weak, with poor demand from downstream chemical and oil blending industries, leading to a decrease in quotes from main refineries. Both supply and demand have shown a weak trend. As the price difference between toluene and xylene continues to narrow, some downstream consumers have turned to buying toluene, resulting in a weak market atmosphere and a slight decline in prices.
Mid July: Markets across the country have generally declined this week. Due to weak demand in the Shandong region, refineries have frequently lowered their prices, resulting in a more significant decline in prices. Later on, as prices continued to decline, downstream companies were able to replenish their inventory at low prices. The shipment situation improved significantly in the later part of the week, with better demand from oil blending companies and more rigid demand from other industries. The East China region was boosted by low inventory, resulting in a slight decrease in prices. The inventory in southern China is low, but downstream demand is weak, resulting in a slight decline in prices.
In late July, the domestic xylene market experienced a slight rebound after an overall decline, indicating a weak overall trend. The decline in crude oil prices during the cycle has dragged down market sentiment. Downstream demand in Shandong region is relatively weak, and although refineries have voluntarily lowered their quotations, transactions are still limited. As downstream PX companies enter the market to replenish inventory, the market has slightly rebounded. The East China region continued to operate weakly this week, with low inventory levels. With the reduction of refinery listing prices and market downturn in southern China, downstream demand tends to be more rigid.
Cost wise: As of the 28th, the settlement price of the main contract for WTI crude oil futures in the United States was $66.71 per barrel, and the settlement price of the main contract for Brent crude oil futures was $70.04 per barrel. During this round of price adjustment cycle, crude oil prices have mainly fluctuated. On the one hand, OPEC+is likely to complete its 2.2 million barrels per day production increase plan before the end of September. In addition, with the trade agreement reached between the United States and Japan, the international oil market trend has fallen slightly due to this news; On the other hand, there are still concerns in the market about the tariff negotiations between the United States and Europe, as well as factors such as the Middle East issue and disturbances in the European situation, causing the crude oil market to maintain a volatile trend.
Supply side:
Sinopec’s xylene quotation summary shows that the company is currently operating normally, with stable production and sales. The company’s quotation remains unchanged from the previous day. As of July 30th, East China Company quoted 5800 yuan/ton, North China Company quoted 5800-6000 yuan/ton, South China Company quoted 6150-6200 yuan/ton, and Central China Company quoted 5900-6150 yuan/ton.

Demand side:
According to the Commodity Market Analysis System of Shengyi Society, as of July 31, 2025, the price of xylene sold by Sinopec Sales Company has temporarily stabilized, with a current price of 7250 yuan/ton. This price is being implemented in East China, North China, Central China, and South China. Yangzi Petrochemical, Zhenhai Petrochemical, and other facilities are operating stably with normal sales, with a price reduction of 50 yuan/ton compared to June 29. As of July 30th, the closing prices of the xylene market in Asia were 841-843 US dollars/ton FOB Korea and 866-868 US dollars/ton CFR China, unchanged from June 27th.
Market forecast: The crude oil trend will rise at the end of the month, which will provide a certain boost to the xylene market. Recently, with the production of some new equipment on the supply side, the market expects loose supply in the future. The demand side oil blending industry has recently shown weak performance, and PX companies’ purchasing intentions are also biased towards rigid demand, resulting in a slightly bearish demand side. Overall, under the influence of weak supply and demand, it is expected that the xylene market will mainly operate steadily, moderately, and weakly in the short term, with a focus on the trend of crude oil.