According to the business agency data monitoring, the contract price of o-benzene Sinopec fell in July. As of July 31, Sinopec has offered 4400.00 yuan / ton of o-xylene in East China and 4400 yuan / ton in North China, which is lower than that at the beginning of the month. The market of o-xylene is weaker, and the contract price of o-xylene in North China falls.
Price trend of raw materials
It can be seen from the mixed xylene price trend chart that the mixed xylene price fluctuated and fell in July, the cost of raw materials of o-benzene decreased, the market of o-benzene was negative, and the downward pressure of o-benzene market increased.
Trend of downstream products
It can be seen from the phthalic anhydride price trend chart that the phthalic anhydride price went down all the way in July and the market fell. The downstream demand of o-benzene decreased and the market of o-benzene was negative.
According to Bai Jiaxin, an o-xylene data analyst from the business agency, the upstream and downstream market of the o-xylene industry chain both fell in July, which had a greater negative impact on the o-benzene market and increased the pressure on the decline of o-benzene; the negative pressure on the o-xylene market was relatively large, and the o-xylene Market remained stable in July, but the downward pressure continued to increase in the future, and the o-benzene market was expected to fall in the future.