Price trend:

According to data from the SunSirs' commodity market analysis system, the xylene market rose last week. From November 10th to November 17th, 2025, the price of xylene increased from 5,470 RMB/ton to 5,520 RMB/ton, a rise of 0.91%. During this period, the xylene market fluctuated upwards. Major refineries in Shandong generally raised their prices, while downstream oil blending and chemical industries replenished their inventories as needed. Prices in East and South China markets also saw slight increases.

Market Analysis

Cost side:

According to data from the SunSirs' commodity market analysis system, as of November 14th, the settlement price of the December contract for US WTI crude oil futures was $60.09 per barrel. The settlement price of the January contract for Brent crude oil futures was $64.39 per barrel.

Supply Side:

Sinopec's xylene plants were temporarily operating normally, with stable production and sales. Prices remained unchanged from the previous day. As of November 17th, the price quoted by the East China plant was 5,500 RMB/ton, the North China plant 5,200-5,350 RMB/ton, the South China plant 5,700-5,750 RMB/ton, and the Central China plant 5,250-5,400 RMB/ton.

Demand Side:

On November 17th, Sinopec Sales Company maintained its paraxylene price at RMB 6,800/ton. This price was applied across 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 November 14th, the closing price of paraxylene in the Asian market was $806-808/ton FOB Korea and $831-833/ton CFR China.

Market outlook

The crude oil market recently saw a slight recovery, while the xylene market was trending stronger, with major refineries showing a strong willingness to maintain prices. From a supply and demand perspective, there were little changes in the market recently, with overall market sentiment remaining positive and factories maintaining a strong price-supporting stance. Demand remained primarily driven by immediate needs, with restocking occurring only as required. Fueled by rising crude oil prices, the market is expected to maintain a stable to slightly stronger trend in the short term.

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