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SunSirs: The Trend of Domestic Xylene Market on July 4

July 05 2022 09:10:19     SunSirs (John)

1. Price summary on July 4:

The price of xylene of Qingdao Refinery was 8,300 RMB/ton, the price of xylene of Shijiazhuang Refinery was 8,150 RMB/ton, the price of xylene of Jiujiang Petrochemical was 8,500 RMB/ton, the price of xylene of Yamba was 8,350 RMB/ton, the price of xylene of Guangzhou Petrochemical was 8,600 RMB/ton, the price of xylene of Maoming Petrochemical was 8,600 RMB/ton, the price of xylene of Changling Refinery was 8,500 RMB/ton, and the price of xylene of Xinhai Petrochemical was 8,500 RMB/ton.

2. Fluctuation trend:

3. Analysis and comments:

In terms of crude oil, many oilfields in Libya encountered force majeure, and oil supply fell sharply, and the market was worried about the lack of OPEC+ production capacity, and international oil prices rose last Friday.

Crude oil rose last Friday, with positive support from the cost side. The domestic demand side was weak, and xylene was weak and fluctuated mainly.

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