January 28 News: On January 28, Sinopec North China raised the price of xylene by 50 yuan/ton: Qingdao Refining and Chemical at 5,550 yuan/ton, Tianjin Petrochemical at 5,450 yuan/ton, Shijiazhuang Refining and Chemical at 5,350 yuan/ton, and Yanshan Petrochemical at 5,350 yuan/ton. Currently, the plants are operating normally with stable production, and the supply and sales are balanced.
Chempricehub analysis of mixed xylene, long-short score: 1.5. Sinopec's price increase of 50 yuan/ton for xylene in North China indicates strong spot market demand or enhanced cost support, directly benefiting spot prices. The normal operation, stable production, and balanced supply and sales of the plants ensure sufficient supply without supply risks, further supporting the upward price trend. It is expected that the spot market will maintain a moderate upward trend in the short term.