According to the commodity market analysis system of SunSirs, the xylene market slightly increased last week. From June 2 to June 9, 2025, xylene was reduced from 5,750 RMB/ton to 5,840 RMB/ton, an increase of 1.57%. The trends in various regions during this cycle are slightly different. The overall price in Shandong region has decreased slightly, and other regions have increased slightly. The overall fluctuation range is limited. Shandong region rose first and then fell during the week.

The downstream oil blending and chemical industries entered the market for inquiries. The local refineries had good inquiries and shipments were relatively stable. The increase in the quotations of the main refineries in South China this week led to an improvement in the atmosphere of the spot market, and the market price increased slightly. The transaction situation in East China was good, the inventory was generally down, and the spot market price rose slightly.

Cost side: The crude oil market fluctuated upward in this cycle. As of June 6, the settlement price of the July contract of US WTI crude oil futures was US$64.58/barrel. The settlement price of the August contract of Brent crude oil futures was US$66.47/

Supply side:

Sinopec's xylene quotation summary shows that the company is currently operating normally, the production of the equipment is stable, and the production and sales are stable. The company's quotation is the same as the previous day. As of June 9, the East China Company quoted 5,800 RMB/ton, the North China Company quoted 5,600-5,750 RMB/ton, the South China Company quoted 5,750-5,800 RMB/ton, and the Central China Company quoted 5,650-5,800 RMB/ton.

Demand side:

On June 9, the price of paraxylene of Sinopec Sales Company was temporarily stable, and the current implementation price was 7,000 RMB/ton. East China, North China, Central China and South China all implemented this price. The operation of Yangzi Petrochemical, Zhenhai Petrochemical and other units was stable and sales were normal. It was increased by 150 RMB/ton compared with May 30. As of June 6, the closing price of xylene in the Asian market was US$793-795/ton FOB Korea and US$818-820/ton CFR China.

Forecast for the future market: The crude oil market rose slightly, and the cost of xylene was supported to a certain extent. The recent sales of refineries in the supply room are still good, and the overall situation is relatively stable. The demand side is generally rigid demand in the near future. There is no obvious news impact on the supply and demand side. It is expected that the xylene market will fluctuate in a narrow range in the short term.

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