According to the commodity market analysis system of SunSirs, the mixed xylene market rose overall this week. From June 16 to June 23, 2025, mixed xylene was raised from 6,030 RMB/ton to 6,310 RMB/ton, an increase of 4.64%. Markets in all regions rose in this cycle. In Shandong, there were many pre-sales this week. The supply in the region was tight, and the downstream oil blending and chemical industries actively entered the market for inquiries. The inquiries of local refineries were good, and the market prices rose. The increase in the quotations of the main refineries in South China this week led to an improvement in the atmosphere of the spot market. The rise in crude oil boosted the market atmosphere, and the market price rose slightly during the week. The overall port inventory in East China declined, and the spot market price rose slightly.

Cost side: The overall crude oil market price closed higher. As of June 20, the settlement price of the July contract of WTI crude oil futures in the United States was US$74.93/barrel. The settlement price of the August contract of Brent crude oil futures was US$77.01/barrel. On the one hand, the tension in the Middle East has intensified, resulting in tight supply of crude oil and a sharp rise in the international oil market; on the other hand, the Sino-US trade negotiations have made good progress, and the US crude oil inventory has dropped beyond expectations. Positive factors support the international oil market, and the crude oil market is mainly rising.

Supply side:

Sinopec xylene quotation summary, currently the company is operating normally, the production of the device is stable, the production and sales are stable, and the company's quotation is the same as the previous day. As of June 23, the East China company quoted 6,300 RMB/ton, the North China company quoted 6,000-6,200 RMB/ton, the South China company quoted 6,300-6,450 RMB/ton, and the Central China company quoted 6,400-6,500 RMB/ton.

Demand side:

On June 23, the price of paraxylene of Sinopec Sales Company was temporarily stable, and the current implementation price was 7,000 RMB/ton. This price was implemented in East China, North China, Central China and South China. The units of Yangzi Petrochemical and Zhenhai Petrochemical were operating stably and sales were normal. The same as on June 16. As of June 20, the closing price of the Asian paraxylene market was 873-875 US dollars/ton FOB Korea and 898-900 US dollars/ton CFR China, up 44 US dollars/ton from June 13.

Market Forecast: The overall trend of the macroeconomic situation is strong recently, crude oil prices have risen significantly, and the fundamentals are generally strong. From the supply and demand perspective, there are many pre-sales in Shandong recently, and the port inventory is also low, and the overall supply is still tight. From the demand side, the downstream purchasing intention is rigid demand. Under the influence of tight supply and positive macroeconomic conditions, it is expected that the xylene market will continue to be stable and strong in the short term.

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