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SunSirs: Domestic Market Dynamics of Mixed Xylene on May 24, 2023
May 25 2023 13:57:24SunSirs(John)

Summary of mixed xylene prices on May 24th

Shijiazhuang Refining and Chemical quoted 7,300 RMB/ton, Qingdao Refining and Chemical quoted 7,400 RMB/ton, Yangba (solvent) quoted 7,350 RMB/ton, Changling Petrochemical quoted 7,400 RMB/ton, Guangzhou Petrochemical quoted 7,500 RMB/ton, and Maoming Petrochemical quoted 7,450 RMB/ton.

Fluctuation trend:

Analysis review

In terms of crude oil, OPEC+ further reduced production to support oil prices. The market was waiting for the results of the US debt ceiling negotiations. International crude oil continued to rise on Tuesday. Downstream, the arrival of the Memorial Day holiday in the United States marked the beginning of the peak driving season in the summer, with an increase in gasoline demand, which was beneficial for oil prices, and the market price of mixed xylene had slightly increased.

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