On the 9th, the price of xylene increased slightly. At present, the reference price of the solvent xylene market is around 4700-5600 yuan / ton, and the reference value of iso-xylene is around 4950-5500 yuan / ton. The market price of solvent xylene is around 4700 yuan / ton (out of Zhangjiagang), and the market price of domestic isomerized xylene is around 4700-4750 yuan / ton (out of can). Sinopec Huazhong Branch's xylene: Changling Refinery, Wuhan Petrochemical, Sino-Korean Petrochemical executed 4,700 yuan / ton. Sinopec South China's solvent xylene: Guangzhou Petrochemical executes 5750 yuan / ton, Maoming Petrochemical executes 5500 yuan / ton; iso-xylene: Guangzhou Petrochemical and Zhanjiang Dongxing both execute 5650 yuan / ton. Sinopec North China Sales Branch Xylene: Qingdao Grand Refinery, Tianjin Grand Ethylene and Shijiazhuang Refinery executed 4,700 yuan / ton. Sinopec East China Sales Xylene: Yangzi BASF and Zhenhai Refining & Chemical Co., Ltd. quoted 5,450 yuan / ton. Liaoning Huajin Tongda Chemical Co., Ltd. quoted a price of 5,460 yuan / ton, and the price was stable.

 

API crude oil inventory unexpectedly dropped by 7.55 million barrels to help increase oil prices, the market continued to speculate on OPEC production limit agreements, crude oil bullish sentiment heating up, according to research institute BMI predicts that Russia ’s oil production in 2017 and 2018 will increase. Crude oil production rose to a record high in September, and Iranian production has returned to its pre-sanctions level of 4 million barrels per day. Recently, the reduction of oil output between Saudi Arabia and Russia has pushed up the price of crude oil. Affected by the reduction in crude oil production, it has pushed up the price of crude oil. It is expected that the market price of xylene will be mainly ups and downs and will be under pressure.