The mixed xylene market performed weakly this week, with prices falling 3.13% from August 4 to 11, 2025. The domestic mixed xylene market declined overall during this period, and the overall weakness in the crude oil market weighed on spot market sentiment. Ex-factory prices in Shandong Province continued to decline this week, impacted by subdued downstream purchasing intentions. Supply in East and South China was relatively loose during the week, coupled with weak downstream demand, leading to an overall decline in market prices.
Cost: As of the 8th, the September contract for WTI crude oil futures settled at $63.88 per barrel. The October contract for Brent crude oil futures settled at $66.59 per barrel. Negative factors weighed on the crude oil market. OPEC+ announced a cumulative production increase of 2.3 million barrels per day (bpd) by September, marking the organization’s exit from its planned production cuts of over 2.2 million bpd a year ahead of schedule. This news was also bearish for the oil market. Furthermore, the geopolitical situation in the Middle East, negative global macroeconomic data, and the impending summer off-season in the US are impacting the oil market. This, coupled with fundamental factors such as the impending US summer demand slowdown, will continue to pressure crude oil prices.
Brent-WTI crude oil price trend comparison chart:
Supply Side:
Sinopec xylene price summary: Currently, operations are normal, plant production is stable, and production and sales are stable. Company prices remain unchanged from the previous day.
Demand Side:
On August 11, Sinopec Sales Company’s paraxylene prices remained stable, applicable to East China, North China, Central China, and South China. Plants at Yangzi Petrochemical and Zhenhai Petrochemical maintained stable operations, and sales were normal. This price remained unchanged from August 4. As of August 8, the closing price of paraxylene in the Asian market was $814-816/ton FOB Korea and $839-841/ton CFR China, a decrease of $20/ton from August 1.
PX price chart:
Market Forecast: On the supply side, some plants in Shandong have shut down, while others have resumed operations, resulting in a relatively loose supply in the region. On the demand side, the oil blending industry has performed well recently, with demand driven by strong demand for inventory replenishment. Purchasing intentions in the chemical industry have been relatively low, with investors buying on dips. Overall, demand remains focused on strong demand. The overall supply and demand picture is slightly bearish, and the xylene market is expected to remain stable but weak in the short term.
Post time: Aug-12-2025