According to the Commodity Market Analysis System of Shengyi Society, the mixed xylene market has been operating weakly this week. From August 8th to August 15th, 2025, the price of mixed xylene has decreased from 5900 yuan/ton to 5790 yuan/ton, a decrease of 1.86%. The overall domestic mixed xylene market has declined this cycle, and the overall trend of the crude oil market has weakened during the week, dragging down the mentality of the spot market. This week, the Shandong region has been affected by low downstream purchasing intentions, resulting in continuous reductions in ex factory prices, attracting downstream buyers to enter the market for procurement and showing good trading enthusiasm. During the week, the supply in East and South China was relatively loose, with main refineries lowering their quotes and downstream demand being weak, resulting in an overall decline in market prices.

On the cost side: During this cycle, crude oil prices fluctuated mainly within a range. On the one hand, OPEC+announced a cumulative production increase of 2.3 million barrels per day until September, marking the organization’s exit from its plan to reduce production by over 2.2 million barrels per day one year ahead of schedule. This news is bearish for the oil market. On the other hand, the geopolitical situation in the Middle East is affecting the oil market, and global macro data is bearish. In addition, the fundamental impact of the upcoming off-season of US summer demand will continue to put pressure on the crude oil market price. As of August 14th, the settlement price of the US WTI crude oil futures September contract was reported at $63.96 per barrel. The settlement price of Brent crude oil futures for October contract is $66.84 per barrel.
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 August 15th, East China Company quoted 5850-5950 yuan/ton, North China Company quoted 5650-5850 yuan/ton, South China Company quoted 5800-5850 yuan/ton, and Central China Company quoted 5700-5800 yuan/ton.
On August 15th, Sinopec Sales Company temporarily stabilized the price of xylene, with the current execution price of 7000 yuan/ton. This price is implemented in East China, North China, Central China, and South China. Yangzi Petrochemical, Zhenhai Petrochemical and other units are operating stably and sales are normal. The price remains unchanged from August 9th. As of August 14th, the closing prices of the xylene market in Asia were $799-801/ton FOB Korea and $824-826/ton CFR China, a decrease of $15/ton from August 8th.
Market forecast: In terms of supply, some equipment will be shut down for maintenance, but the production of equipment will remain high in the near future, and some manufacturers will start exporting. The market expects that the supply will still be relatively loose in the future. The demand for oil in the demand side adjustment industry is still acceptable in the near future, but the demand in the chemical industry is relatively weak. Overall, the supply and demand sides are still relatively weak, and it is expected that the xylene market will mainly operate steadily and weakly in the short term.