Price trend/p>
According to the data monitoring of SunSirs, the price of o-xylene has risen for three consecutive times this week, stimulated by cost pressures and favorable downstream conditions, the market for o-xylene has risen sharply. As of November 23, Sinopec's o-xylene contract price was 5,000.00 RMB/ton, an increase of 13.64% from last weekend's (November 15) price of 4,400 RMB/ton.
The market of O-xylene upstream
From the mixed xylene price chart, it can be seen that the price of mixed xylene has fluctuated up this week by 2.65%, the cost of o-xylene has risen, and the momentum of the rise of o-xylene has increased.
The trend of downstream product
It can be seen from the phthalic anhydride price chart that the price of phthalic anhydride continued to rise sharply this week, with a weekly increase of 7.54%. The market for phthalic anhydride rose sharply, and the market for o-xylene was positive. The downstream demand of o-xylene rose, and the driving force of o-xylene price rise increased.
Market outlook
O-xylene data analysts of SunSirs believe that the price of mixed xylene, raw material of o-xylene, rose in this week, the cost of o-xylene rose, the price of phthalic anhydride soared this week, the downstream market of o-xylene rose, the demand for o-xylene rose, the benefits of o-xylene increased, and the upward momentum of o-xylene increased. In general, the momentum for the rise of o-xylene this week has increased, and the price of o-xylene has risen for three consecutive times. It is expected that the price of o-xylene will rise in the future.
