Chemicals Updates

Asian Orthoxylene: Prices decline in a bearish market / Slower demand, increasing supply dampen sentiment / Sinopec reduces OX price

Jul 26, 2025

Asian orthoxylene prices fell $5-$10/mt week over week as of July 25, due to rising supply and lackluster demand. In the Chinese domestic market, a market source expects supply to increase as an OX plant restarts. Sinopec lowered its OX list price to Yuan 6,800/mt on July 21, and market participants attributed the adjustment to weakness in the downstream phthalic anhydride market. Domestic OXbased PA discussions were heard around Yuan 6,450/mt, falling Yuan 150-200/mt week over week. Some market participants expected the list price to be adjusted downward again in the following week, due to downstream pressure and new OX capacity. This has dampened the restocking appetite of domestic buyers, who were waiting for lower prices. During the week ended July 25, average operating OX rates were estimated at around...

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