On February 11, the benchmark price of xylene in the market was 5,660.00 RMB/ton, a decrease of 1.39% compared with the beginning of the month (5,740.00 RMB/ton).
On February 11, the mainstream price range for xylene in South China was 5,800-5,850 RMB/ton, unchanged from the previous trading day. Sinopec South China's listed xylene prices were: Guangzhou Petrochemical (isolated) 5,850 RMB/ton, Maoming Petrochemical (isolated) 5,850 RMB/ton, and Zhongke Refining & Chemical (isolated) 5,850 RMB/ton. Spot trading is expected to be quiet before the Spring Festival. Domestic toluene and xylene prices consolidated sideways in the previous trading day and are expected to fluctuate narrowly on February 11. Crude oil price fluctuations were limited, while aromatics prices were slightly stronger overnight, and price spreads for related products remained stable. Refineries were under little supply pressure, and port inventories were at a moderate level. With the Spring Festival approaching, market trading is expected to weaken, and prices are expected to remain stable.
The mainstream spot price range for xylene in East China was 5,680-5,700 RMB/ton, unchanged from the previous trading day. Spot trading is expected to be quiet ahead of the Spring Festival. Domestic toluene and xylene prices traded sideways in the previous trading day and are expected to fluctuate narrowly on February 11. Crude oil prices saw limited volatility, while aromatics futures traded slightly higher overnight, with price spreads for related products remaining stable. Refineries were under moderate supply pressure, and port inventories were at a moderate level. With the Spring Festival approaching, market activity had weakened, and the market is expected to remain relatively stable.
On February 11, the Asian xylene market closed up $6/ton: the February lower FOB Korea closing price was $735-737/ton; the February lower CFR China closing price was $741/ton.
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