The price of o-phenyl is stable.

Price trends:

According to the data monitoring of business associations, this week Sinopec Neighbouring Benzene executed the quotation stably. Up to August 23, the executed contract price of O-xylene Sinopec was 6000.00 yuan/ton, which was stable compared with the price of O-xylene at the beginning of the week. Prices fell by 23.44% over the same period last year.

II. Market analysis:

This week, the external quotation of Phenyls fell sharply, the cost of imported Phenyls fell, the port inventory remained low and stable, the inventory consumption was slow, the demand for Phenyls was general, and the future market of Phenyls was negative. The operating rate of o-xylene equipment is about 80%, the supply of o-xylene is stable, and the downward pressure of o-xylene remains.

Factor Analysis of Industrial Chain

This week mixed xylene price shocks rise, raw material prices rise, phenyl costs rise, phenyl rising momentum increases, the overall future market phenyl is good.

This week, the price of phthalic anhydride fell sharply. On the 26th, the price of phthalic anhydride rebounded, downstream demand rebounded, the market was good, and downward pressure on phthalic anhydride weakened. As for plasticizers, the DOP market surges, and the future market is more dynamic. The overall downstream market of o-phenyl is better, and the upward trend of o-phenyl is larger.

3. Future market forecast:

According to Bai Jiaxin, an analyst of o-xylene data from business associations, the price of o-xylene remained stable this week, while the market of o-xylene in the future was mixed and the price of o-xylene remained stable. For raw materials, the price of mixed xylene rose, which was good for phthalic anhydride; the price of downstream phthalic anhydride rebounded and the price of plasticizers shocked up, and the overall downstream market was good for phthalic anhydride. On the external market, the price of phenyl continued to fall, which was negative for domestic phenyl market. In summary, the future market is mixed, bad news is insufficient to cause the decline in the price of phenyls, positive pressure is greater, the driving force for the rise of Phenyls in the future is increased, but it is difficult to support the rise in the price of phenyls, which is expected to remain stable in the future market.

Future market should focus on: downstream phthalic anhydride and plasticizer performance, whether there will be major changes affecting the market of o-phenyl. Other circumstances may also affect the future market changes of phenyl: such as the start-up of phenyl manufacturers, import and export of phenyl, etc.