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SunSirs: On March 6, the Market of O-xylene was Temporarily Stable
March 07 2023 09:10:46()

The commodity price ratio index of OX and phthalic anhydride on March 5 was 99.58, which was the same as yesterday, down 9.18% from the highest point of 109.64 (2022-06-26) in the cycle, and up 63.22% from the lowest point of 61.01 on November 18, 2020. (Note: the period refers to January 1, 2013 to now). The market of phthalic anhydride in the downstream market is stable, and the price of ortho benzene is temporarily stable. The downward pressure of OX's future market is weakened, and the upward momentum remains.

On March 6, the market of orthobenzene in East China was temporarily stable, and Sinopec East China quoted 8300 RMB/ton, which was temporarily stable; The market of orthobenzene in North China is temporarily stable. Sinopec North China quoted 8300 RMB/ton, which is temporarily stable; The market of orthobenzene in Northeast China is temporarily stable, and PetroChina has implemented the quotation of 8150 RMB/ton, and the quotation is temporarily stable; The market of ortho-xylene in South China is temporarily stable. Sinopec South China quoted 8300 RMB/ton, which is temporarily stable. The market transaction price has stabilized. The actual transaction price is based on negotiation.

On March 6, Sinopec listed the execution price of 8300 RMB/ton, the price was temporarily stable, and the price of the external market of neighboring benzene rose in shock; The price of mixed xylene fluctuated and the cost of ortho benzene stabilized; The market of phthalic anhydride in the downstream market is stable, the market of plasticizer in the downstream market is stable, the demand is just in demand, the transaction enthusiasm of ortho benzene is general, the ortho xylene starts at a low level, the ortho benzene port inventory is low, the ortho benzene supply is normal, and the ortho benzene market is stable. In general, the momentum for the rise of the market of neighboring benzene is relatively large, and the downward pressure remains, and the market of neighboring benzene will stabilize in the future.

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