. price trend
According to the data in the business club’s bulk list, the domestic isomeric xylene market this week was stable, up about 0.43% as of Friday.
II. Analysis and comment
1. Products: compared with last week, the market trend of this week is stable. At present, the mainstream price in East China is about 6000 yuan / ton. According to the feedback from traders, last week’s trading volume shrank slightly and the port inventory increased slightly, about 27000 tons.
2. Industrial chain:
Upstream, in terms of crude oil, this week’s oil price is generally volatile. As of Friday, spot Brent fell 0.08%, Brent futures rose 0.33%, WTI futures fell 0.07%, and Dubai futures rose 1.51%.
On the downstream side, in the PX market, the external price is about 790-792 US dollars / ton FOB South Korea and 811-813 US dollars / ton CFR China. The demand of the downstream textile industry has not improved, and the supply of the domestic PX market is normal. It is expected that the PX market price will maintain 6700 yuan / ton next week. In terms of PTA market, the external price is about $605 / ton, while the domestic PTA spot market price rebounds slightly, and it is expected that the PTA market will remain weak in the short term. In the ox market, Sinopec’s o-benzene quotation was stable, at 6200 yuan / ton. The external quotation of o-benzene declined slightly, and it is expected that the future market of o-benzene will maintain a small fluctuation trend.
III. future forecast
According to xylene analysts from the chemical branch of business society, we will continue to focus on the market turnover and port inventory next week, as well as the progress of Sino US trade negotiations and the crude oil trend under the expectation of OPEC production reduction. On the whole, with the coming of the long holiday in Europe and the United States, it is expected that the toluene market will continue to fluctuate steadily next Tuesday.