SunSirs: In May, the Market of OX Fell First and Then Rose
June 01 2020 14:30:00 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, the contract price of o-xylene Sinopec fell first and then rose in May, and the overall o-xylene price remained stable. As of May 31, the contract price of o-xylene Sinopec was 4,200.00 RMB/ton, which was stable compared with the price of o-xylene at the beginning of the month. Compared with the same period last year, the price fell by 32.26%.
Analysis review
Cost: In May, the price of o-xylene stabilized, the price of raw material mixed xylene rose sharply, the cost of o-xylene rose, and the pressure of o-xylene market rose.
Industrial chain: In May, the price of phthalic anhydride rose in shock, and the downstream market of o-xylene recovered; the demand for o-xylene rose, and the driving force increased; in May, the price of plasticizer DOP rose sharply, which was good for o-xylene market, and good for o-xylene market as a whole.
Market outlook
According to the o-xylene data analyst of SunSirs, the price of o-xylene raw materials rose in May, the cost of o-xylene rose, and the pressure of o-xylene rose was great. Although the rise of o-xylene in late May eased the pressure, compared with the same period of previous years, the price of o-xylene is still low; for the downstream demand, the price of domestic phthalic anhydride and plasticizer rose sharply in May, and the demand is high Steady rise, o-xylene increased momentum. Generally speaking, the market of o-xylene is good, and the future market of o-xylene is expected to rise.
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