SunSirs: Domestic Market Trends of Xylene on December 9
December 12 2022 09:45:041. Summary of xylene prices on December 8:
The quotation of Qingdao Refining & Chemical Co., Ltd. is 7,000 RMB/ton, and that of Shijiazhuang Refining & Chemical Co., Ltd. is 6,900 RMB/ton.
The quotation of Jiujiang Petrochemical is 7100 RMB / ton, and that of Yangba (solvent) is 6950 RMB / ton.
Guangzhou Petrochemical quoted 7100 RMB/ton, Maoming Petrochemical quoted 7050 RMB/ton,
Changling Refining & Chemical offers 7,100 RMB/ton,
Xinhai Petrochemical quoted 7050 RMB / ton.
2. Fluctuation trend:
3. Analysis and comments:
In terms of crude oil, the market was shrouded in a negative atmosphere, the oil market was dragged down by fears of economic recession, and the Fed's interest rate hike expectations put pressure on oil prices.
Today, Sinopec's xylene in East China was lowered by 100 RMB/ton.
Crude oil continued to fall, the cost side weakened widely, related commodities generally weakened, the market mentality was dragged down, and xylene continued to decline.
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