According to the Commodity Market Analysis System of Shengyi Society, the mixed xylene market has fluctuated downward this week. From July 14 to July 21, 2025, the price of mixed xylene has decreased from 6050 yuan/ton to 5960 yuan/ton, a decrease of 1.49%. The domestic xylene market has rebounded slightly after an overall decline in this cycle, and the overall trend is weak. The decline in crude oil prices during the cycle has dragged down market sentiment. Downstream demand in Shandong region is relatively weak, and although refineries have voluntarily lowered their quotations, transactions are still limited. As downstream PX companies enter the market to replenish inventory, the market has slightly rebounded. The East China region continued to operate weakly this week, with low inventory levels. With the reduction of refinery listing prices and market downturn in southern China, downstream demand tends to be more rigid.

On the cost side: During this cycle, crude oil prices have fluctuated at a low level. On the one hand, OPEC+is likely to maintain a significant increase in production in August and September, and the tension in the Middle East has eased compared to before. As a result of this news, the international oil market trend has declined; On the other hand, the market’s concerns about the US tariff negotiations have eased to some extent, and major institutions have a pessimistic view of the demand outlook. The demand side may be difficult to change, and the crude oil market remains weak. As of July 18th, international crude oil futures closed down. The settlement price of the September WTI crude oil futures contract in the United States is $66.05 per barrel. The settlement price of Brent crude oil futures for September is $69.28 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 July 14th, East China Company quoted 6150 yuan/ton, North China Company quoted 5750-5950 yuan/ton, South China Company quoted 6200-6250 yuan/ton, and Central China Company quoted 5700-5900 yuan/ton.
Demand side:
On July 21st, Sinopec Sales Company temporarily stabilized the price of xylene, with the current execution price of 7250 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 compared to July 14th. As of July 18th, the closing prices of the xylene market in Asia were $814-816/ton FOB Korea and $839-841/ton CFR China, an increase of $3/ton from July 11th.
Market forecast: The recent weak trend of crude oil prices has dragged down market sentiment. From the supply side, the recent arrival situation at the port is not good, and the market supply is tight, which will provide a certain boost to the market in the short term. On the demand side, the downstream chemical and oil blending sectors have shown weak performance, with limited support for replenishing essential inventory. Supported by favorable supply side conditions, it is expected that the market will rebound slightly in the short term, but without demand support, the upward space is expected to be limited.