Price trend

According to the data monitoring of business agency, the price of o-benzene was stable in November, and the market of o-benzene was temporarily stable. As of November 13, Sinopec has offered 4400.00 yuan / ton of o-xylene in East China and 4400 yuan / ton in North China, which is stable compared with that at the beginning of the month. Since July 21, the price of o-benzene has remained stable. Although the market of o-benzene fluctuated, it did not support the sharp rise and fall of o-benzene price. However, with the accumulation of pressure, the upward momentum of o-benzene increased.

Upstream market of o-benzene

It can be seen from the price trend chart of mixed xylene that the price of mixed xylene first fell and then rose in November. In general, the price of mixed xylene rose by 2.65% in November. The cost of o-xylene rose, and the driving force for the price of o-xylene increased, and the downward pressure weakened.

Trend of downstream products

It can be seen from the phthalic anhydride price trend chart that the phthalic anhydride price rose sharply in November, with an increase of 11.35%. The phthalic anhydride market rose, which was good for the o-benzene market, and the demand for o-benzene in the downstream was warmer, and the driving force for the price rise of o-phthalic anhydride was increased.

Future forecast

According to Bai Jiaxin, an o-xylene data analyst at the business agency, in November, the price of mixed xylene of o-benzene raw materials fell first and then rose, the cost of o-benzene rose, and the external price of o-benzene rose in a volatile way, which supported the domestic o-xylene market. The phthalic anhydride price rose sharply in November, the downstream market of o-benzene recovered, and the demand for o-xylene recovered, and the driving force for the rise of o-benzene was increased. Generally speaking, the market of o-benzene was temporarily stable in November, but the driving force for the rise of o-benzene increased, and the price of o-benzene was expected to rise slightly in the future.