This week, the mixed xylene market fluctuated within a range, with an overall slight decline. From March 17 to March 24, 2025, mixed xylene fell by 0.47%. This week, the performance of the domestic mixed xylene market varied slightly. Affected by poor downstream demand, prices in Shandong fell overall during the week. Local refineries continued to lower their ex-factory quotations and actively shipped goods. Affected by tight supply in the region, market prices in East China and South China rose slightly, but actual market transactions were limited and demand was weak.
Cost side: Crude oil prices fluctuated upward during this period. As of the 21st, the settlement price of the main contract of WTI crude oil futures in the United States was $68.28 per barrel, up $1.73 per barrel from the same period last week. The settlement price of the main contract of Brent crude oil futures was $71.61 per barrel, up $1.73 per barrel from the same period last week.
Brent-WTI crude oil price trend comparison chart:
Supply side: Summary of Sinopec’s xylene quotations. Currently the company’s operations are normal, the unit’s production is stable, production and sales are stable, and the company’s quotations are the same as the previous day.
Demand side:
On March 24, the price of paraxylene of petrochemical sales companies was temporarily stable, and the current implementation price was 7,600 yuan/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, which was the same as the price on March 17. As of March 21, the closing price of paraxylene in the Asian market was 817-819 US dollars/ton FOB Korea and 842-844 US dollars/ton CFR China, an increase of 5 US dollars/ton compared with March 14.
Market Forecast: The crude oil market rose slightly near the weekend, which provided some support to the market. Overall, the supply of xylene in East China and South China is still tight, which still supports the market sentiment. Downstream demand in Shandong has been weak recently, which has limited support to the market. Overall, the toluene market will continue this week’s trend next Tuesday, with Shandong stable but weak, and East China and South China showing a strong trend.
Post time: Mar-25-2025