Xin Lang Cai Jing·2026-01-04 12:25Core Viewpoint - Sinopec's South China Company has raised the listing price of xylene by 100-150 yuan/ton to 5800 yuan/ton, indicating a tight supply and strong demand in the spot market, which is favorable for spot prices [1][4]. Group 1: Price Adjustment - The new listing prices for xylene are as follows: Guangzhou Petrochemical, Maoming Petrochemical, and Zhongke Refining all execute at 5800 yuan/ton [1][4]. - The price increase reflects a broader trend of tightening supply in the market, which is expected to support higher prices [2][5]. Group 2: Market Implications - The price adjustment is likely to boost bullish sentiment in the futures market, particularly for PX futures, which have a settlement price of 7190 yuan/ton for contract 2609 [2][5]. - The increase in xylene prices may lead to a positive outlook for related commodities, as the market responds to the supply-demand dynamics [2][5]. Group 3: Pricing Mechanism - The pricing mechanism used by the business community is based on big data and a pricing model, which generates a benchmark price for transactions [2][5]. - The pricing formula includes an adjustment coefficient (K) and a premium/discount (C) that accounts for logistics costs, brand price differences, and regional price differences [3][6].