Price trend:

According to the SunSirs Commodity Market Analysis System, the xylene market experienced a volatile downward trend this cycle. From October 20 to October 27, 2025, the xylene price fell from 5,300 RMB/ton to 5,280 RMB/ton, a decrease of 0.38%. During this period, the xylene market initially declined and then rebounded, weakening overall. Demand from the oil blending industry in Shandong Province was weak, leading to slight decreases in ex-factory prices from major refineries. The East China market was weak, while prices from major refineries in South China initially declined and then rebounded.

Analysis review

Cost Side:

According to the SunSirs commodity market analysis system, as of the 24th, the December settlement price of US WTI crude oil futures was $61.50 per barrel, and the December settlement price of Brent crude oil futures was $65.94 per barrel. Crude oil prices initially fell and then rose in this cycle. At the beginning of the cycle, OPEC+ had already initiated a new round of production increases of 1.65 million barrels per day, but the market remained concerned about the risk of long-term oversupply. The easing of the Israeli-Palestinian tension, coupled with weakening US demand and the impact of US tariffs on global economic and demand expectations, led to a sharp decline in international oil prices. However, as European and American sanctions on some oil-producing countries continued, and concerns about the negative pressure from US tariffs and trade disputes eased, the crude oil market rose.

Supply:

Sinopec's xylene plants were temporarily operating normally, with stable production and sales. Company quotes remained unchanged from the previous day. As of October 27th, the East China plant quoted 5,300 RMB/ton, the North China plant 5,100-5,250 RMB/ton, the South China plant 5,400-5,450 RMB/ton, and the Central China plant 5,050-5,200 RMB/ton.

Demand Side:

On October 27th, Sinopec Sales Company reported a temporary stabilization of paraxylene prices at 6,650 RMB/ton. This price applied to all regions in East China, North China, Central China, and South China. Plants at Yangzi Petrochemical and Zhenhai Petrochemical were operating stably, and sales were normal. As of October 24th, the closing price of paraxylene in the Asian market was $789-791/ton FOB Korea and $814-816/ton CFR China.

Market Forecast:

The crude oil market was volatile recently, with limited macroeconomic support and insufficient market boost. Recent changes on the supply side had been minimal, with limited market impact. On the demand side, downstream markets were weak, with raw material inventory replenishment primarily based on demand. Given the weak supply and demand environment, the xylene market is expected to fluctuate within a narrow range in the short term, with limited volatility.

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