Price trend:

According to the business data analysis system of SunSirs, the xylene market in November 2025 experienced an initial rise followed by a fall, but overall showed an upward trend. From November 1st to 28th, the domestic xylene market price rose from 5,330 RMB/ton to 5,470 RMB/ton, with a cumulative increase of 2.63% during the period.

Early in the month: The domestic xylene market showed a clear upward trend with fluctuations. Shandong province, as a core production area, saw leading refineries raise their prices first, setting the market trend. Downstream blending and chemical industries replenished their stocks in an orderly manner according to actual production needs, maintaining a reasonable level of purchasing activity, providing solid support for price increases. The East China and South China markets followed suit, with major refineries in these regions generally making small price increases.

Late in the month: The market rhythm shifted to a range-bound pattern of "initial rise followed by a fall," with bullish and bearish factors tending to balance out. Downstream oil refining and chemical industries continued their strategy of replenishing inventory as needed, without any large-scale increases or decreases in positions. Although prices in the East and South China markets still rose slightly, the overall upward trend slowed, and the market entered a phase of adjustment.

Market Analysis

Cost Side:

During this period, international crude oil prices showed a slight downward trend, primarily due to the combined pressure of multiple negative factors: OPEC+ initiated a new round of production increases, and market concerns about long-term oversupply continued to intensify; regional tensions eased, weakening the support of geopolitical risks on oil prices; at the same time, US crude oil demand declined, and its tariff issues further dragged down the global economic outlook and crude oil demand expectations. Under the combined pressure of these factors, international oil prices declined slightly. As of the 26th, the settlement price of the January contract for US WTI crude oil futures was $58.65/barrel, and the settlement price of the February contract for Brent crude oil futures was $62.54/barrel.

Supply side:

A summary of Sinopec's xylene quotations showed that companies were operating normally, production facilities were stable, and sales were steady. Company quotations remained unchanged from the previous day. As of November 28th, the quotation for East China companies was 5,500 RMB/ton, North China companies 5,250-5,350 RMB/ton, South China companies 5,550-5,600 RMB/ton, and Central China companies 5,250-5,450 RMB/ton.

Demand Side:

According to the business data analysis system of SunSirs, as of November 28th, the domestic market price of p-xylene remained stable. Sinopec Sales Company increased its selling price by 50 RMB/ton compared to the previous period, reporting 6,850 RMB/ton. This price was uniformly implemented in the four major regions of East China, North China, Central China, and South China. Major plants such as Yangzi Petrochemical and Zhenhai Petrochemical were operating stably, and product sales were normal. Furthermore, the price had increased by 150 RMB/ton compared to October 31st, indicating an overall stable to upward trend in the domestic market.

International market:

As of November 27th, the closing price range for paraxylene in the Asian region was $801-803/ton (FOB South Korea) and $826-828/ton (CFR China), a decrease of $9/ton compared to October 30th. The international market performed slightly weaker than the domestic market.

Market Outlook:

The domestic xylene market was generally stable recently, with bullish and bearish factors balancing each other out. On one hand, the slight weakening of the international crude oil market had somewhat suppressed optimistic sentiment in the spot market; on the other hand, the supply and demand fundamentals remained relatively unchanged, and the overall market trading atmosphere remained fairly good, especially with strong sales from refineries in the Shandong region, providing crucial support to market sentiment. Overall, the market was temporarily stable under the combined influence of "crude oil drag" and "regional sales support," and it is expected that the xylene market will continue to fluctuate within a narrow range in the short term.

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