First, the price trend:
According to data from business companies, the price of ortho-benzene increased sharply on August 6. The price of o-xylene on August 6 was 7,753.50 yuan/ton, which was 500 yuan/ton higher than the price of o-xylene (OX) on the previous trading day on August 3, which was 7063%/ton, up 26.57% year-on-year.
Second, the market analysis:
Product:
In August, the inventory of phthalic acid in East China Port remained at a low level. On August 6, the inventory of Huadong Port was around 30,000 tons. The price of phthalate external disk continued to rise. On August 3, the European market for o-xylene market was quoted at US$980.00/ton FOB Amsterdam, Rotterdam and Antwerp. The price of phthalene was up by US$10/ton compared with the previous trading day. The offer rose by $52/ton. The price of phthalate external disk rose sharply, the cost of imported ortho-benzene increased, the price of imported ortho-benzene increased, and the price of benzene in the port area increased significantly. The price of benzene in the port soared, prompting the domestic price of o-xylene to rise, and the growth of benzene was full.
Industry chain:
Mixed xylene prices rose last week, and the cost of o-xylene increased. On August 3, the price of mixed xylene was 6,539.23 yuan / ton, which was priced at 6,396.15 yuan / ton from the beginning of the week (July 30). The price rose by 2.24%. The price of mixed xylenes has risen, and the cost of o-xylene has risen, which has contributed to the rise in the market for ortho-benzene.
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Third, the market outlook:
The data analysis of the neighboring xylene data analysts of the business community believes that the price of the adjacent benzene external disk has risen sharply, and the price of the neighboring benzene in the port has risen sharply, which has promoted the rise of the domestic benzene market. The price of mixed xylene in domestic benzene raw materials has risen, and the cost of o-benzene is still high, which is good for the benzene market. The port’s benzene stocks are at a low level, and the market’s soaring voice is highlighted. Influenced by the changes in the RMB exchange rate and the trade war, the quotation of the phthalonitrile external disk is unlikely to decline in the short term, and the neighboring benzene is better than the benzene. The benzene growth in the market is full of momentum. It is expected that the rise of phthalene in the market may increase.