SunSirs: The Market Situation of Xylene on August 7th
August 08 2024 13:38:39 SunSirs (John)
On August 7th, the market price of xylene in South China was lowered. The mainstream price range for xylene in the South China market in the morning was 7,450-7,600 RMB/ton, with a price reduction of 50 RMB/ton compared to the previous trading day. On the 7th, downstream purchases were made on demand, and market negotiations were relatively quiet. Sinopec South China quoted a price of 7,500-7,600 RMB/ton for xylene, unchanged.
On August 7th, the xylene market in East China remained stable. The mainstream spot price range for xylene in the East China region in the morning was between 7,400-7,430 RMB/ton, which was temporarily stable compared to the previous trading day. As of August 7th, the market offers were generally stable, with a strong wait-and-see sentiment and slightly light trading.
On August 7th, the international xylene market remained stable. On Wednesday (August 7th), the international xylene market closed stable: the FOB USG closing price for August was 317.25-317.35 US cents/gallon, while the FOB USG closing price for September was 317.25-317.35 US cents/gallon, unchanged.
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