1、 Price trend:
According to the data monitoring of the business agency, this week’s o-xylene Sinopec contract quotation was stable, and the o-xylene market remained stable. As of January 11, the contract price of o-xylene Sinopec was 6300.00 yuan / ton, which was stable compared with the price of o-xylene at the beginning of the week. The price is 7.35% lower than that of the same period last year.
| POLYVINYL ALCOHOL FIBER |
2、 Market analysis:
External offer
Commodity name quotation type port price time
O-xylene FOB US $848.92/t in the Gulf of Mexico 2020-1-10
O-xylene CFR China $835.00/t 2020-1-10
O-xylene CFR Southeast Asia 825.00 USD / ton 2020-1-10
O-xylene FOB South Korea $804.00/t 2020-1-10
O-xylene FOB Amsterdam, Rotterdam and Antwerp $860.00/t 2020-1-10
O-xylene FOB US Gulf 843.41 USD / ton 2020-1-3
O-xylene CFR China 789.00 USD / ton 2020-1-3
O-xylene CFR Southeast Asia 785.00 USD / ton 2020-1-3
O-xylene FOB South Korea 758.00 USD / ton 2020-1-3
O-xylene FOB Amsterdam, Rotterdam and Antwerp $860.00/t 2020-1-3
As can be seen from the table, the price of o-benzene in the external market rose sharply this week. On January 10, this week’s price of benzene in China was US $835 / T, 46 / T higher than that of the previous week’s price of 789 / T on January 3; the price of benzene in South Korea and Southeast Asia increased by US $46 / T and US $40 / T in half. This week, the external price of ortho benzene rose sharply, the price of imported ortho benzene rose, the price of port ortho benzene rose, the port inventory is still at a low level, and the overall external price rise is more favorable for the future market ortho benzene.
Factor analysis of industrial chain
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It can be seen from the rise and fall chart of the industrial chain of o-benzene that the price of mixed xylene rose this week, the price of raw materials of o-benzene rose, the profit of o-benzene production fell, and the pressure of o-benzene rise increased. This week, the price of phthalic anhydride fell slightly, the downstream demand was general, the growth momentum of ortho benzene was small, and the downward pressure remained. In the future, the market of benzenes is both positive and negative.
3、 Future forecast:
According to Bai Jiaxin, data analyst of o-xylene of business association, the price of o-xylene raw materials rose this week, the cost of o-xylene increased, the pressure of o-xylene rising was great, and the external quotation rose sharply, driving the domestic o-xylene market; in the downstream, the phthalic anhydride market fell, and the pressure of o-xylene falling still had little momentum to rise; as the Spring Festival approached, the enthusiasm of downstream customers to prepare goods rose, and the downstream demand rose, In the future, the growth momentum of orthobenzene increased. On the whole, the rising power and falling pressure of ortho benzene Market in the future are increased, while the strong shock and stability of ortho benzene Market in the future are mainly maintained, and there is a larger rising power at the same time.
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