According to the Commodity Market Analysis System of Shengyi Society, the mixed xylene market has shown an overall upward trend this week. From June 16 to June 23, 2025, the price of mixed xylene has increased from 6030 yuan/ton to 6310 yuan/ton, an increase of 4.64%. This cycle, markets in various regions have been on the rise. From the perspective of Shandong region, there have been more pre-sales this week. The supply in the region is tight, and downstream oil and chemical industries are actively entering the market for inquiries. Local refineries have good inquiries, and market prices have been on the rise. The increase in quotes from major refineries in South China this week has boosted the atmosphere of the spot market, while the rise in crude oil prices has boosted market sentiment, resulting in a slight increase in market prices during the week. The overall inventory of ports in East China has declined, and spot market prices have slightly increased.

On the cost side, the overall crude oil market price closed higher, with the settlement price of the July WTI crude oil futures contract in the United States at $74.93 per barrel as of June 20th. The settlement price of Brent crude oil futures for August contract is $77.01 per barrel. On the one hand, the escalating tensions in the Middle East have led to a tight supply of crude oil and a significant rise in the international oil market; On the other hand, the trade negotiations between China and the United States have made good progress, and coupled with the unexpected decline in US crude oil inventories, favorable factors have supported the international oil market, with the crude oil market mainly rising.
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 June 23rd, East China Company quoted 6300 yuan/ton, North China Company quoted 6000-6200 yuan/ton, South China Company quoted 6300-6450 yuan/ton, and Central China Company quoted 6400-6500 yuan/ton.
Demand side:
On June 23rd, 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. Compared to June 16th, it remains unchanged. As of June 20th, the closing prices of the xylene market in Asia were 873-875 US dollars/ton FOB Korea and 898-900 US dollars/ton CFR China, an increase of 44 US dollars/ton from June 13th.
Market forecast: The overall macro trend is relatively strong in the near future, with a significant increase in crude oil prices and an overall strengthening of fundamentals. From the perspective of supply and demand, there have been many pre-sales in Shandong recently, and port inventory is also low, resulting in an overall tight supply situation. From the demand side, downstream procurement intentions tend to be more rigid. Under the influence of tight supply and macroeconomic improvement, it is expected that the xylene market will continue to maintain a stable, moderate, and strong trend in the short term.