SunSirs: Driven by Demand, the Xylene Market Saw a Slight Increase

Price trend:

According to data from the SunSirs' commodity market analysis system, the xylene market rose last

week. From November 3rd to November 10th, 2025, the price of xylene increased from 5,330 RMB/ton to 5,470 RMB/ton, a rise of 2.63%. During this period, the xylene market fluctuated upwards. Major refineries in Shandong Province raised their prices, and downstream oil blending and chemical industries replenished their inventories as needed, with relatively good purchasing activity. The East China and South China markets also saw slight increases, with major refineries in these regions generally raising their prices.

Market Analysis

Cost side:

According to the SunSirs commodity market analysis system, as of November 7th, the settlement price of the December contract for US WTI crude oil futures was $59.75 per barrel. The settlement price of the January contract for Brent crude oil futures was $63.63 per barrel. During this pricing cycle, crude oil prices first rose and then fell. At the beginning of the cycle, trade negotiations between China and the US boosted market risk appetite, and tensions in South America initially supported the rise in crude oil prices. However, later, with OPEC+ increasing production again, the market remained concerned about the long-term risk of oversupply. Regional tensions eased somewhat, and weakening US demand, coupled with US tariffs dragging down global economic and demand expectations, led to a decline in international oil prices.

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 10th, prices were as follows: East China: 5,300 RMB/ton; North China: 5,100-5250 RMB/ton; South China: 5,400-5,450 RMB/ton; Central China: 5,250-5,400 RMB/ton.

Demand Side:

On November 10th, Sinopec Sales Company maintained its paraxylene price at RMB 6,700/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 7th, the closing price of paraxylene in the Asian market was $798-800/ton FOB Korea and $823-825/ton CFR China.

Market outlook

The xylene market was trending upward recently, with major refineries showing a strong willingness to maintain prices, resulting in an overall increase in quotations. Downstream buyers were also showing reasonable enthusiasm, with some purchasing demand in the chemical and blending sectors. As the crude oil market strengthened, sentiment in the spot market continued to rise, and spot market negotiations were relatively good. It is expected that the market will remain stable to slightly stronger in the short term.

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