Xylene Market News Summary

At the end of August, the focus of the xylene market was 6,000 yuan/ton. The market was forced to operate, the shortage of cargo and the decline in inventory provided good support, which led to the market talks pushed to 6160-6180 yuan / ton. Entering the xylene market in September, the dry goods were the first to hit. buy PC from Evergreen

Demand side:

In August, the Sinochem Hongrun PX unit was opened, and its xylene was all converted to its own use. From the current production situation, there are still a few gaps. And from the perspective of supply and flow of xylene, the probability of purchasing cargo is slightly higher.

In late August, Fuhai Chuang PX unit restarted, and the consumption of raw material xylene recovered to normal. However, due to the stocking in the early stage, the amount of purchases entering the market at the beginning of next month was limited; however, the gap in demand for MX was maintained at around 30,000 tons.

Hainan Refining & Chemical's 1 million tons PX unit was put into production until the end of September, and its market impact is more subtle.

Entering next month, Hengli Petrochemical maintains 30,000 tons of MX purchases nearby, and all of them are mainly purchased by ship, causing tight supply of domestic xylene cargo.

Before the Mid-Autumn Festival, there is still room for improvement in refined oil. Although the price of xylene is high, some gasoline blending demand is still there.

Supply surface:

In late August, the Qingdao refinery was restarted. In September, the sales volume of the company returned to normal. The main supply was for the downstream Qingdao Lidong and the system to adjust the goods, and the balance was sold around.

The sales volume of xylene in the Qinzhou refinery of PetroChina has been reduced by half, and the small sheet of xylene in South China still has a chance to fluctuate.