The mixed xylene market fluctuated downward this week, with mixed xylene falling by 1.49% from July 14, 2025 to July 21. The domestic xylene market rebounded slightly after an overall decline in this cycle, and the overall trend was weak. The decline in crude oil prices during the cycle dragged down market sentiment. Downstream demand in Shandong is weak. Although refineries have proactively lowered their quotations, transactions are still limited. As downstream PX companies entered the market to replenish inventories, the market rebounded slightly. East China is still operating weakly this week, with low inventories. In South China, as refineries lowered their listing prices, the market went down, and downstream demand was rigid.
Cost side: Crude oil prices fluctuated at a low level during this cycle. On the one hand, OPEC+ is likely to maintain a large increase in production in August and September, and tensions in the Middle East have eased compared with before. Affected by this news, the international oil market has fallen back; on the other hand, market concerns about US tariff negotiations have eased to a certain extent, and major institutions are pessimistic about the demand outlook. Demand may be difficult to change, and crude oil prices remain weak.
Brent-WTI crude oil price trend comparison chart:
Supply side:
Sinopec xylene quotation summary, the company is currently operating normally, the production of the equipment is stable, production and sales are stable, and the company’s quotation is the same as the previous day.
Demand side:
On July 21, Sinopec Sales Company’s price of paraxylene was temporarily stable, and the current implementation price was 7,250 yuan/ton. This price was implemented in East China, North China, Central China, and South China. The Yangzi Petrochemical and Zhenhai Petrochemical units were operating stably and sales were normal. The price was the same as on July 14.
PX price chart:
Market outlook: Crude oil prices have been weak recently, dragging down market sentiment. From the supply side, the recent arrival at the port is not good, and the market supply is tight, which will boost the market in the short term. From the demand side, the downstream chemical and oil blending sectors are weak, and the rigid demand for replenishment is limited. With the support of the supply side, the market is expected to pick up slightly in the short term, but the lack of demand support means that the upward space is expected to be limited.
Post time: Jul-22-2025