According to the Commodity Market Analysis System of Shengyi Society, the mixed xylene market has been operating weakly this week. From August 4th to August 11th, 2025, the price of mixed xylene has decreased from 6070 yuan/ton to 5880 yuan/ton, a decrease of 3.13%. The overall domestic mixed xylene market has declined this cycle, and the overall crude oil market has weakened during the week, dragging down the mentality of the spot market. The Shandong region has been affected by low downstream purchasing intentions this week, resulting in a continuous decrease in ex factory prices. During the week, the supply in East and South China was relatively loose, downstream demand was weak, and overall market prices declined.

Cost wise: As of the 8th, the settlement price of the September WTI crude oil futures contract in the United States was $63.88 per barrel. The settlement price of Brent crude oil futures for October contract is $66.59 per barrel. The negative factors in the crude oil market, on the one hand, OPEC+announced a cumulative production increase of 2.3 million barrels per day by September, marking the organization’s exit from the plan to reduce production by over 2.2 million barrels per day one year ahead of schedule, which is bearish for the oil market. On the other hand, the geopolitical situation in the Middle East is affecting the oil market, and global macro data is bearish. Coupled with the fundamental impact of the upcoming off-season for US summer demand, crude oil market prices will continue to be under pressure.
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 August 11th, East China Company quoted 5950 yuan/ton, North China Company quoted 5750-5950 yuan/ton, South China Company quoted 5900-5950 yuan/ton, and Central China Company quoted 5700-5850 yuan/ton.
Demand side:
On August 11th, 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. The price remains unchanged compared to August 4th. As of August 8th, the closing prices of the xylene market in Asia were $814-816/ton FOB Korea and $839-841/ton CFR China, a decrease of $20/ton from August 1st.
Market forecast: In terms of supply, some facilities in Shandong will be shut down while others will be put into operation. Currently, the supply in the region is relatively loose. The demand side oil adjustment industry has performed well recently, but there is a urgent need to replenish inventory. The purchasing intention of the chemical industry has been relatively low recently, and it entered the market at a low price. Overall, the demand side is still biased towards rigid demand. The overall supply-demand situation is slightly bearish, and it is expected that the xylene market will remain stable with weak performance in the short term.