The price of o-xylene dropped sharply this week

It can be seen from the trend chart of ortho xylene price of the business community that as of December 5, the price of ortho xylene was 8200 yuan/ton, down 8.89% from the price of ortho xylene on November 27, 9000 yuan/ton. The upstream and downstream of the o-xylene industry chain fell together, the cost of o-xylene fell and the demand was insufficient, and the domestic market of o-xylene fell sharply.

Raw material mixed xylene market fell in shock this week

It can be seen from the mixed xylene price trend chart of the business community that the price of mixed xylene fell sharply this week. As of December 5, the price of mixed xylene was 7280 yuan/ton, down 7.14% from 7840 yuan/ton on November 27. Crude oil prices fell in shock, mixed xylene prices fell in shock, ortho xylene costs fell, and ortho xylene fell under increasing pressure.

The price of phthalic anhydride in the downstream fell due to volatility this week

It can be seen from the trend chart of phthalic anhydride price of the business community that the price of phthalic anhydride continued to decline sharply this week. As of December 5, the quotation of phthalic anhydride from neighboring France was 8400 yuan/ton, a shock drop of 4.55% from the price of 8800 yuan/ton on November 27. The price of orthophthalic anhydride dropped sharply this week, while downstream demand remained weak, and orthoxylene fell under great pressure.

Future outlook

The analysts of ortho xylene data from the business community believed that the ortho xylene manufacturers started work steadily this week and the supply of ortho xylene was sufficient. On the cost side, the price of mixed xylene fell sharply, on the demand side, phthalic anhydride continued to decline, and the demand for ortho benzene remained weak. To sum up, the cost of o-xylene fell and the demand was sluggish, and the price of o-xylene was expected to decline in the future.

The decline in the domestic asphalt market is obvious, mainly due to the demand side. The weather is gradually turning cold, and the construction of pavement is limited in some areas. The demand for asphalt is weakened. Specifically, on the macro level, the international crude oil price fluctuated and fell in the same period, causing the spread of negative sentiment throughout the industry chain. Although there are signs of recovery recently, it has little impact on the current asphalt market. In terms of supply, the main refineries of the production enterprises cut prices and offered batch discounts, driving the market price down. At the same time, there was a sign of inventory accumulation, and traders mostly went by volume at low prices. In terms of demand: the overall situation is relatively low. The cold air has led to a sharp slowdown in demand, and refinery prices have fallen again and again, but few purchases have been made.

According to the data monitoring of the business community, since the middle and late October 2022, the asphalt market has gone down unilaterally and the market price has fallen sharply. The monitored price was 4479 yuan/ton on October 20 and 3569 yuan/ton on December 2, down 20.32% and still up 14% year on year.

It can be seen from the comparison chart of the price trend of crude oil and asphalt of the business community that the change trend of Brent crude oil and asphalt prices is different before and after November 1. Before November 1, the change trend of the two is roughly the same; After November 1, there was a contrast between the two trends, with crude oil going up and asphalt going down. From November 14 to the middle and late November, the two trends are the same; Since the end of November, the price of crude oil and asphalt has changed in opposite directions. It can be seen that the main factors affecting the asphalt market are not crude oil and macro level, but supply and demand.

It can be seen from the price rise and fall chart of the asphalt industry chain of the business community that the prices of the whole industry chain fell during the cycle, including crude oil (- 3.9%) and asphalt (- 20.32%); The products with rising prices include activated carbon (0.93%) and coal tar (2.65%).

The weekly K column chart of the domestic asphalt production price of the business agency shows that the asphalt market has declined significantly in the past month.

At present, asphalt supply is relatively stable; From the demand side, the road demand may be limited due to weather conditions. Business agency asphalt analysts expect that the short-term domestic asphalt market will be dominated by downturn.

1、 Price trend

According to the monitoring data of the business community, as of November 30, the average price of refrigerant R22 was 18500.00 yuan/ton, 0.89% lower than the price of 18666.67 yuan/ton at the beginning of the month, and 13.28% lower than the same period last year

According to the monitoring data of the business community, as of November 30, the average price of refrigerant R134a was 25333.33 yuan/ton, 1.94% lower than the price of 25833.33 yuan/ton at the beginning of the month, and 37.96% lower than the same period last year.

2、 Market analysis

In November, the price of domestic refrigerant R22 fluctuated slightly. At the beginning of this month, the price of upstream raw materials was continuously weak in October, and the price offered by enterprises decreased slightly. The price of raw material trichloromethane fell by 37.33% in the month, and the overall cost of raw materials fluctuated significantly at a relatively low level. In addition, the demand for refrigerant in the fourth quarter turned weak year on year. Downstream trading entities were cautious in their overall purchase and sales, and the domestic price of refrigerant R22 declined in November. In late November, the price of hydrofluoric acid rebounded from the bottom, rising by 10.3% in the month, and some enterprises raised the factory price slightly. In November, the domestic R22 market price continued to move forward with small fluctuations.

In November, the domestic price of trichloroethylene continued to be weak, with a decline of about 5% in the month. The cost of raw materials continued to be low. The demand for refrigerant in winter was light, and the overall downstream purchase and sales were cautious. In November, the domestic price of refrigerant R134a continued to be weak and downward. In November, the domestic hydrofluoric acid price rebounded at the bottom, rising 10.3% in the month. The cost of some raw materials rebounded slightly in the second half of the month. Supported by the cost, the overall price of refrigerant R134a in late November was weak and stable.

11 The domestic hydrofluoric acid price has rebounded sharply from the bottom, and the sharp rise in the prices of some raw materials will form a certain support for the domestic R134a prices in the future.

3、 Future market forecast

Refrigerant analysts from the business community believed that in November, the price of chloroform fell sharply, the price of hydrofluoric acid rebounded, the overall low price of R22 cost fluctuated, and the overall weakness of raw material cost stabilized. Affected by the slack winter demand season, the R22 market price in December will rise and fall as a whole, and it is expected to continue to move forward at the current level with small fluctuations. In November, the price of hydrofluoric acid rebounded sharply, the price of trichloroethylene dropped slightly, and the cost of R134a raw materials fluctuated slightly. Influenced by the weak overall demand for refrigerants in winter, the price of R134a was in a dilemma. It is expected that the R134a market price will continue to fluctuate slightly at the current level in December.

In November, the domestic cyclohexanone market fluctuated. According to the monitoring data of the business community, the average price of domestic cyclohexanone market at the beginning of the month was 9680 yuan/ton, and the average price of domestic cyclohexanone market at the end of the month was 9441 yuan/ton, a fall of 2.46% in the month and 8.04% year on year. The main factor in the change of cyclohexanone market in November was the contradiction between supply and demand.

At the beginning of the month, domestic cyclohexanone was weak and fell. In terms of raw materials, Sinopec’s pure benzene was listed twice and lowered by 450 yuan/ton to 7200 yuan/ton, lacking support in cost. At the same time, in the early stage, the cyclohexanone in Luxi was exported, and the supply increased. However, the downstream demand was weak, and the shipment resistance was large. The market price of cyclohexanone fell.

In the middle of this month, the domestic cyclohexanone market fluctuated at a low level, the pure benzene market was consolidated at a low level, the cost support was relatively stable, the total downstream demand was still average, and the cyclohexanone market was difficult to change significantly in the short term.

In the last ten days of this month, the domestic cyclohexanone market was weak, the raw material pure benzene market was running in shock, and the cost support was relatively stable, but the downstream demand was general, the purchasing power was insufficient, and the price of cyclohexanone fell slightly.

At the end of the month, the cost support was weak, and the market supply increased. The downstream chemical fiber companies needed to follow up, and the market supply was slightly oversupply, and the manufacturers’ transaction focus fell.

Summary of domestic cyclohexanone market as of November 29:

Region./Price

East China./9300-9500 yuan/ton cash

South China./9400-9500 yuan/ton cash

Shandong area./9100-9200 yuan/ton spot exchange sent to

Raw material pure benzene: According to the monitoring of the business community, the domestic pure benzene market declined significantly. The price at the beginning of the month was 7383 yuan/ton, and the price at the end of the month was 6559 yuan/ton, a decline of 11.17%.

Downstream caprolactam: the business community monitored the narrow fluctuation of the domestic caprolactam spot market, with the price of 12500 yuan/ton at the beginning of the month and 12206 yuan/ton at the end of the month, a decline of 2.35% during the period.

The raw material pure benzene is in a downturn, and the cost support is lacking. The total downstream demand is still average, and there is no good news to stimulate. The cyclohexanone analysts of the business community expected that the short-term cyclohexanone market would be mainly weak.

1、 Price summary of mixed xylene on November 25:

Qingdao Refining&Chemical Co., Ltd. quoted 7800 yuan/ton, Shijiazhuang Refining&Chemical Co., Ltd. quoted 7100 yuan/ton,

Jiujiang Petrochemical quoted 7850 yuan/ton, Yangba (solvent) quoted 7700 yuan/ton,

Guangzhou Petrochemical quoted 7850 yuan/ton, Maoming Petrochemical quoted 7800 yuan/ton,

Changling Refining&Chemical Co., Ltd. quoted 7850 yuan/ton,

Xinhai Petrochemical quoted 7800 yuan/ton.

2、 Fluctuation trend:

3、 Analysis and comments:

In terms of crude oil, the market focus is on the issue of the price ceiling of Russian oil in western countries, and no agreement has been reached at present; The oil price continues to be under pressure due to overlapping demand concerns.

Today, Sinopec cut 200 yuan/ton for mixed xylene in East China, 150 yuan/ton for mixed xylene in South China, and 200 yuan/ton for mixed xylene in Xinhai Petrochemical.

The crude oil fell continuously, the market pessimism increased, and the market atmosphere was strong because of the poor negotiation atmosphere. Sinopec continuously lowered the listing price of mixed xylene, and the spot market followed suit.