Price trends:
According to the monitoring data of business associations, the price of o-benzene was stable in February 2019. As of February 27, the price of o-xylene was 6 800.00 yuan/ton, which was 6 800.00 yuan/ton compared with the price quoted by O-xylene (OX) on February 1. The price remained stable, rising by 3.23% year on year.
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2. Market analysis:
Product analysis:
In February, the inventory of benzene in East China Port was at a low level. As of February 27, the inventory in East China Port was about 15,000 tons, which maintained a low level. Outside quotation of Phenyls increased. On February 27, the external quotation of Phenyls in Europe was $980.00/ton FOB Amsterdam, Rotterdam and Antwerp, which was $810/ton higher than that at the beginning of the month. Outside quotation price rose sharply, the cost of imported Phenyls increased, and the momentum of imported Phenyls increased, which had a positive impact on domestic prices of phenyls. 。
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Factor analysis of industrial chain:
As can be seen from the above chart, the rise of mixed xylene shocks in February has a greater positive impact on o-xylene. In February, the price of mixed xylene rose by 2.23%, the price of o-xylene remained stable, the rise of mixed xylene and the increase of the motive force of o-xylene rise have a positive impact on the future market of o-xylene.
As can be seen from the chart above, the price of phthalic anhydride fell by 1.42% in February, and the price of o-xylene remained stable. The decline of phthalic anhydride price has some pressure on the decline of the market of o-phthalic anhydride in the future. Phthalic anhydride has a negative market for phthalic anhydride and a downward pressure on phthalic anhydride.
3. Future market forecast:
According to Bai Jiaxin, an analyst of o-xylene data from business associations, in February, the quotation of o-xylene external market rose sharply, while the price of imported o-xylene increased, which had a positive impact on o-xylene. The low level of port o-xylene inventory played a positive role in domestic o-xylene market. In the industrial chain, the price of mixed xylene in upstream raw materials rises, the cost of phthalic acid increases, and the market of phthalic anhydride in downstream is favorable to phthalic acid; the market of phthalic anhydride in downstream continues the previous downward trend, the demand for phthalic anhydride decreases, and the market of phthalic acid produces a negative effect on phthalic acid. The overall market of phthalic acid is mixed, and the stock of phthalic acid in the market is too low, Customers need to purchase phthalates at a high price. The actual transaction price of phthalates in the secondary market is about 7200 yuan/ton, which provides greater support for the rise of phthalates in the future. It is expected that the price of phthalates will rise again in the future.
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