Summary of prices of xylene on November 14:
Qingdao Petrochemical offered 7,900 RMB/ton, Shijiazhuang Petrochemical 7,850 RMB/ton, Jiujiang Petrochemical 8,150 RMB/ton, Yangba (solvent) 8,000 RMB/ton, Guangzhou Petrochemical 8,150 RMB/ton, Maoming Petrochemical 8,150 RMB/ton, Changling Petrochemical 8,200 RMB/ton, and Xinhai Petrochemical 8,150 RMB/ton.
Analysis and comments:
In terms of crude oil, OPEC lowered its global crude oil demand forecast, and the strengthening of the US dollar depressed the market atmosphere, so the oil price fell on the 14th.
On the 15th, Xinhai Petrochemical lowered the price of xylene by 50 RMB/ton.
Crude oil fell, which was bad for the xylene market, and the price was weak on the 15th.