1、 Price trend:
According to the data monitoring of business agency, the quotation of Sinopec orthobenzene contract this week maintained stable. As of April 24, the contract price of o-xylene Sinopec was 4200.00 yuan / ton, which was stable compared with the price of o-xylene at the beginning of the week. The price is 37.31% lower than that of the same period last year. Ortho benzene market is stable.
| ammonium persulfate |
2、 Market analysis:
External offer
Commodity name quotation type port price time
O-xylene FOB US $468.56/t in the Gulf of Mexico 2020-4-24
O-xylene CFR China 440.00 USD / ton 2020-4-24
O-xylene CFR Southeast Asia $430.00/t 2020-4-24
O-xylene FOB South Korea 440.00 USD / ton 2020-4-24
O-xylene FOB Amsterdam, Rotterdam and Antwerp USD 330.00/t 2020-4-24
O-xylene FOB Amsterdam, Rotterdam and Antwerp USD 337.00/t 2020-4-23
O-xylene FOB Amsterdam, Rotterdam and Antwerp USD 332.00/t 2020-4-22
O-xylene FOB Amsterdam, Rotterdam and Antwerp USD 365.00/t 2020-4-21
O-xylene FOB Amsterdam, Rotterdam and Antwerp USD 370.00/t 2020-4-20
O-xylene FOB US $474.07/t in the Gulf of Mexico 2020-4-17
O-xylene CFR China $460.00/t 2020-4-17
O-xylene CFR Southeast Asia $450.00/t 2020-4-17
O-xylene FOB South Korea $455.00/t 2020-4-17
O-xylene FOB Amsterdam, Rotterdam and Antwerp $380.00/t 2020-4-17
As can be seen from the table, the price of the outside market fell this week. The external quotation of the European region this week was $330 / T, down $50 / T from last week’s quotation; the quotation of the South Korea region was $15 / T; the Southeast Asia region was $20 / T, China region was $20 / T; the United States region was $5.51/t. External prices fell sharply, negative for domestic prices of ortho benzene. The port’s inventory is about 14000 tons, and the port’s ortho benzene inventory is down, which is good for the domestic ortho benzene market.
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Crude oil market fluctuates and falls
This week’s crude oil price fluctuated and adjusted, and the overall crude oil trend of this week fluctuated and fell; as of April 26, the price of wit crude oil fell by 14.75%; Brent crude oil fell by 10.6%. International crude oil prices fell sharply, which was negative for domestic crude oil market, ortho benzene raw material prices fell, and ortho benzene market.
Trend of o-benzene industry chain
As reflected in the rise and fall chart of this week’s ortho benzene industry chain, the price of raw materials of ortho benzene fell sharply this week, and the cost of ortho benzene fell sharply; the price of downstream products of ortho benzene fell, which was negative for the market of ortho benzene, and the downward pressure of ortho benzene increased the upward momentum weakened.
3、 Future forecast:
According to Bai Jiaxin, data analyst of o-xylene of business association, crude oil continued to fall this week, with a sharp drop in the price of o-xylene raw materials, a drop in the price of raw materials, and a drop in the cost of o-benzene. For the downstream, although domestic demand has picked up, compared with the sharp drop in the price of crude oil, the price of the downstream products of o-benzene is still on a downward trend; the growth momentum of o-benzene is insufficient and the downward pressure is large. Generally speaking, crude oil price fell, raw material price of o-benzene fell, and o-benzene fell under great pressure; domestic demand gradually picked up, but global demand fell significantly, overall downstream of o-benzene was still weak, phthalic anhydride price fell, o-benzene market was positive and limited, and there was a big negative. It is expected that o-benzene market in the future will fall under great pressure.
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