February 5th News
Sinopec South China Company has reduced the initial listed price of xylene by 50 yuan/ton at the beginning of the month: Guangzhou Petrochemical's isomer is priced at 5,850 yuan/ton, Maoming Petrochemical's isomer is priced at 5,850 yuan/ton, and Sinochem Refining & Chemical's isomer is priced at 5,850 yuan/ton.
Chempricehub Analysis of Mixed Xylene, Bull-Bear Score: -1
Sinopec South China Company has proactively lowered the initial listed price of xylene by 50 yuan/ton at the beginning of the month, with Guangzhou Petrochemical, Maoming Petrochemical, and Sinochem Refining & Chemical all implementing the new price of 5,850 yuan/ton. This move indicates that the supply side is facing weak demand or inventory pressure, guiding the spot market price toward a downward trend. Although the reduction is not significant, it reflects a weak market signal, exerting a generally bearish impact on the spot price of mixed xylene, which may lead to a decline in spot transaction prices in the short term.