Price trend

According to the Commodity Market Analysis System of SunSirs, the xylene market has fluctuated downward this week. From July 7th to July 14th, 2025, the price of xylene decreased from 6,130 RMB/ton to 6,050 RMB/ton, a decrease of 1.31%. This week, the markets in various regions generally declined. Due to weak demand in Shandong, refineries frequently lowered their prices, resulting in a significant decline in prices. Later on, as prices continued to decline, downstream companies bought inventory at low prices, and the shipment situation improved significantly in the later part of the week. The demand for oil adjustment companies was good, while other industries purchased mainly on demand. The East China region was boosted by low inventory, resulting in a slight decrease in prices. The inventory in southern China was low, but downstream demand was weak, resulting in a slight decline in prices.

Analysis review

Cost side: The international crude oil market mainly fluctuated within the range of this cycle, with frequent fluctuations and limited impact on downstream markets. Market influencing factors returned to the supply and demand side. As of July 11th, the settlement price of the August contract for WTI crude oil futures in the United States was $68.45 per barrel. The settlement price of Brent crude oil futures for September was $70.36 per barrel.

Supply side: Sinopec's xylene quotation summary showed that the company was temporarily operating normally, with stable production and sales. The company's quotation remained unchanged from the previous day. As of July 14th, East China Company quoted 6,150 RMB/ton, North China Company quoted 5,750-5,950 RMB/ton, South China Company quoted 6,200-6,250 RMB/ton, and Central China Company quoted 5,700-5,900 RMB/ton.

Demand side: On July 14th, the price of p-xylene at Sinopec Sales Company was temporarily stable, with a execution price of 7,250 RMB/ton. This price was implemented in East China, North China, Central China, and South China. The operation of facilities such as Yangzi Petrochemical and Zhenhai Petrochemical was stable, and sales were normal. The price remained unchanged compared to July 7th. As of July 11th, the closing prices of the p-xylene market in Asia were $811-813/ton FOB Korea and $836-838/ton CFR China, a decrease of $4/ton from July 4th.

Future outlook:

The recent sideways fluctuations in crude oil prices have provided insufficient guidance to the market, and the recent market trend was mainly influenced by supply and demand. From the perspective of supply and demand, refinery and port inventories were operating at a low level, which still provided some support for the market. The downstream intention on the demand side still leaned towards rigid demand. Under the atmosphere of supply and demand competition, it is expected that the xylene market will continue to maintain a weaker trend in the short term.

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