According to the Commodity Market Analysis System of Shengyi Society, the overall market for mixed xylene has risen this week. From May 12 to May 19, 2025, the price of mixed xylene has increased from 5570 yuan/ton to 5860 yuan/ton, an increase of 5.21%. The overall domestic mixed xylene market has risen in this cycle. Among them, the Shandong region was positively affected by downstream chemical industry procurement after the holiday, and refineries generally operated with low inventory levels, resulting in an increase in ex factory prices. Holders of goods had a strong mentality of supporting prices, and market prices continued to rise. The East and South China regions first rose, then fell, and finally closed up. Some of the goods arrived at the port during the week, driven by downstream chemical industry demand. The market trading situation was good, and the overall market was strong.
Cost aspect: The crude oil market rose first and then fell during this cycle, with an overall upward trend. As of May 15th, the settlement price of the main contract for WTI crude oil futures in the United States was $61.62 per barrel. The settlement price of the main Brent crude oil futures contract is $64.53 per barrel.

Supply side:
Sinopec’s xylene quotation summary shows that the company is currently operating normally, with stable production and sales. The company’s quotation remains unchanged from the previous day. As of May 19th, East China Company quoted 5800 yuan/ton, North China Company quoted 5750-5950 yuan/ton, South China Company quoted 5850-5900 yuan/ton, and Central China Company quoted 5600-5700 yuan/ton.
Demand side:
On May 16th, Sinopec Sales Company temporarily stabilized the price of xylene, with the current execution price of 6700 yuan/ton. This price is implemented in East China, North China, Central China, and South China. Yangzi Petrochemical, Zhenhai Petrochemical and other units are operating stably and sales are normal. An increase of 100 yuan/ton compared to May 9th. As of May 15th, the closing prices of the xylene market in Asia were $828-830/ton FOB Korea and $853-855/ton CFR China.
Market forecast: The trend of crude oil is weak in the near future, and the cost support for xylene is limited. From the perspective of supply and demand, the current xylene inventory of refineries in Shandong is generally running at a low level, and the mentality of raising prices still exists. However, the downstream PX market has been weak recently, and there may be insufficient intention to continue following up, lacking demand support. It is expected that there will be some downward space in the xylene market in the short term, and the market will operate steadily and weakly.