SunSirs: Poor Demand, Xylene Market Was Operating to be Weaker

Price trend

According to the Commodity Market Analysis System of SunSirs, the mixed xylene market fluctuated downward this week. From April 20 to April 27, 2025, the price of mixed xylene decreased from 5,850 RMB/ton to 5,750 RMB/ton, a decrease of 1.71%. This week, the overall performance of the xylene market was weak, with market prices falling overall and slight differences in various markets. Due to the rise in crude oil prices at the beginning of the week and active downstream procurement, prices in Shandong region first rose and then fell this week. The port cargo supply in East and South China was relatively sufficient this week, which has affected the weak operation of prices this week.

Analysis review

On the cost side: The international oil price range fluctuated this cycle, and as of April 25th, the settlement price of the main contract of WTI crude oil futures in the United States was 63.02 US dollars per barrel. The settlement price of the main Brent crude oil futures contract was 66.87 US dollars per barrel.

Supply side: Sinopec's xylene quotation summary showed that the company was temporarily operating normally, with stable production and sales. The company's quotation remained unchanged from the previous day. As of April 27th, East China Company quoted 5,750 RMB/ton, North China Company quoted 5,550-5,650 RMB/ton, South China Company quoted 5,850-5,900 RMB/ton, and Central China Company quoted 5,600-5,700 RMB/ton.

Demand side: According to the Commodity Market Analysis System of SunSirs, as of April 27, 2025, the price of p-xylene sold by Sinopec Sales Company has remained stable, with a execution price of 6,800 RMB/ton. This price was being implemented in East China, North China, Central China, and South China. Units such as Yangzi Petrochemical and Zhenhai Petrochemical were operating stably with normal sales, and the price was unchanged from April 21. As of April 24th, the closing prices of the p-xylene market in Asia were 719-721 US dollars/ton FOB Korea and 744-746 US dollars/ton CFR China, an increase of 2 US dollars/ton from the 17th.

Market outlook

The market expects that there is still room for upward movement in the future of crude oil, and the cost support is still acceptable. Recently, the inventory in Shandong region has been low on the supply side, and refineries are actively shipping. The overall supply of goods from ports in East and South China is still acceptable, and the overall supply side is relatively stable. The overall downstream procurement on the demand side tends to be rigid, and the support on the demand side is limited. It is expected to experience narrow fluctuations in the short term.

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