According to the Commodity Market Analysis System of Shengyi Society, the mixed xylene market fluctuated and fell this week. From May 16 to May 23, 2025, the price of mixed xylene decreased from 5860 yuan/ton to 5740 yuan/ton, a decrease of 2.05%. The mixed xylene market has fluctuated downward in this cycle, and downstream demand has performed poorly, dragging down market sentiment. The Shandong market fell first and then rose this week, as downstream chemical industries released demand for replenishment and actively entered the market for procurement, driving the spot market to slightly improve over the weekend. The overall trend in East and South China this week is weak, with high port inventories and a general decrease in main refineries. Spot market prices have also fallen.
Cost aspect: The crude oil market rose first and then fell during this cycle, with an overall upward trend. As of May 22, the settlement price of the main contract for WTI crude oil futures in the United States was $61.20 per barrel. The settlement price of the main Brent crude oil futures contract is $64.44 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 23rd, East China Company quoted 5800 yuan/ton, North China Company quoted 5600-5750 yuan/ton, South China Company quoted 5750-5800 yuan/ton, and Central China Company quoted 5650-5800 yuan/ton.
Demand side:
On May 26th, the price of xylene at Sinopec Sales Company was temporarily stable, with a current execution price of 6850 yuan/ton. This price is being implemented in East China, North China, Central China, and South China. Units such as Yangzi Petrochemical and Zhenhai Petrochemical are operating stably and sales are normal. An increase of 150 yuan/ton compared to May 16th. As of May 23rd, the closing prices of the xylene market in Asia were $800-802/ton FOB Korea and $825-827/ton CFR China, a decrease of $28/ton from May 15th.
Market forecast: The recent trend of crude oil is weak, and the cost support of xylene is limited. From the perspective of demand, the overall downstream demand has recently shifted towards rigid procurement, and related futures commodities have weakened, driving a low mentality in the spot market. As the holiday approaches, there is still some demand for pre holiday stocking in the downstream. Overall, the mixed xylene market is mixed with negative and positive factors, and it is expected to have a strong and volatile trend in the short term.