The price of o-xylene dropped sharply in November

It can be seen from the trend chart of ortho xylene price of the business community that as of November 28, the price of ortho xylene was 8500 yuan/ton, down 1100 yuan/ton, or 11.46%, from 9600 yuan/ton at the end of October 31 of last month. Both upstream and downstream of the o-xylene industry chain fell, and the domestic market of o-xylene fell.

In November, the market of raw material mixed xylene fell due to shock

It can be seen from the mixed xylene price trend chart of the business community that the mixed xylene price fell in November. As of November 28, the price of mixed xylene was 7690 yuan/ton, down 6.56% from 8230 yuan/ton on November 1. In November, the price of mixed xylene fell in shock, the cost of o-xylene fell, and the pressure on o-xylene to fall increased.

The downstream phthalic anhydride price continued to decline in November

It can be seen from the trend chart of phthalic anhydride price of the business community that the domestic phthalic anhydride price of neighboring France continued to decline sharply in November. As of November 28, the quotation of phthalic anhydride of neighboring France was 8825 yuan/ton, a sharp drop of 8.90% from the price of 9687.50 yuan/ton on October 31. In November, the price of phthalic anhydride in ortho French dropped sharply, the downstream demand was weak, and the downward pressure on ortho xylene increased.

Future outlook

Analysts of ortho xylene data from the business community believe that the ortho xylene manufacturers started work steadily in November and the supply of ortho xylene was sufficient. On the cost side, the price of mixed xylene dropped sharply and the cost of o-xylene dropped; On the demand side, phthalic anhydride continued to decline, while the demand for ortho benzene remained weak. To sum up, the cost of o-xylene fell and the demand was sluggish, and the price of o-xylene was expected to decline in the future.