The hottest seasonal demand caused the price of so

2022-08-18
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The seasonal off-season demand caused the price of solvent xylene to plummet

this week, the price of solvent xylene fell steadily. The price of FOB South Korea was USD/ton, and the price of CFR Northeast Asia was USD/ton, because market transactions were scarce. Buyers are basically on the sidelines, but it is reported that a number of transactions have been reached in the market on Friday

China's demand is weak. It is said that traders in the Southeast Asian market buy ships. In terms of supply, market traders felt that the supply of shipments in December was tight, but the tight supply situation may be alleviated in the short term, as most major manufacturers will produce solvent xylene

it is said that the transaction price of a batch of 2000 tons of December shipments is 77 and is expected to replace flexible polyvinyl chloride (PVC) for medical devices at 0 US dollars/ton (FOB Korea), and the transaction price of a batch of 1000 tons of December shipments that can export Excel files is 780 US dollars/ton (FOB Korea). These are the transactions reached at the time of closing last week, and these prices determine the purchase level of the market this week

the intended selling price of the shipment in December on Friday is USD/ton (FOB Korea), and the intended purchase price is USD 770/ton. A large manufacturer in Northeast Asia said that they would negotiate a shipment of 2000 tons from next week. Earlier this week, the intended selling price of a batch of 2000 tons of cargo at the end of December was USD/ton (FOB Korea), and the intended purchase price was USD/ton (FOB Korea)

cfr market, negotiation trading is limited due to the sluggish demand in the Chinese market, traders said. This is mainly due to the abundant supply in China, especially in the South China market. It is said that at the close of trading, the transaction price of a batch of December shipments was $805/ton (CFR China). Earlier this week, the purchase intention price of the shipment in December was USD/ton (CFR China)

in Southeast Asia, a batch of 2000 tons of December shipments of $785/ton (FOB Bataan) reached a deal. It is said that the cargo is isomeric xylene. As a major unit in the region is about to stop, it is estimated that the regional supply will be tight

due to abundant regional supply, the price of solvent xylene in China's domestic market fell sharply this week. In the East China market, the transaction price of Kuti was yuan/ton, down 350 yuan/ton. In the South China market, the transaction price of Kuti was 7600, improving the transformation level of scientific and technological achievements -7700 yuan/ton, down 200 yuan/ton

Therefore

market participants felt that the inventory was abundant due to the expansion of regional production capacity. In addition, the seasonal off-season demand was also the reason for the sharp decline in the price of solvent xylene

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