On February 5, Sinopec South China Company 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 and Chemical's isomer is priced at 5,850 yuan/ton. PriceSeek analysis of mixed xylene, with a long-short score: -1. Sinopec South China Company 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 and 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 downward. 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 downward pressure on spot transaction prices in the short term.
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