2025年，邻二甲苯行业迎来盈利能力的根本性修复与重构，全年利润呈现鲜明的"前高后低"走势，摆脱 连续亏损局面。相较于2024年仅为89元(吨价，下同)的微薄平均利润，2025年邻二甲苯行业利润水平升 至296元。从二季度超越千元的历史性高点，到年末再度滑入亏损的阴影……邻二甲苯行业利润波动原 因都指向上游成本红利、出口引擎拉动与产能增长。 纵观2025年全年，邻二甲苯行业利润修复的本质是"成本坍塌"与"出口红利"共同作用下的阶段性成果， 具有一定的外部性和偶然性。而利润的收缩与转亏，反映出在产能扩张大周期下，邻二甲苯行业最终仍 将回归由自身供需基本面定价的残酷现实。出口市场扮演了至关重要的"缓冲阀"角色，延缓了供过于求 的现象，但未能改变国内供需结构转向宽松的长期趋势。展望未来，邻二甲苯行业利润能否维持正值区 间，将不再仅仅取决于一时的成本波动或出口机遇，更考验企业在供过于求常态下，如何通过技术升 级、成本控制与全球市场深度布局来构建持续的竞争力。 然而，邻二甲苯行业高利润局面难以持续。进入年中，尤其是6月之后，行业利润从高位逐步回落，这 一拐点的出现源于两股关键力量的叠加。首先是成本红利的消退，异构二甲苯 ...

Core Insights - Jilin Petrochemical Refinery achieved a record crude oil processing of 7.363 million tons in the first three quarters of the year, generating a profit increase of 255 million yuan through optimization, technological upgrades, and product enhancements [1] Group 1: Incremental Efficiency - The refinery implemented a holistic approach to optimize the entire production chain, breaking down barriers in supply, production, sales, storage, and transportation to maximize the value of every drop of crude oil [2] - A cross-functional team was established to focus on the balance of waxy oil, achieving 100% internal consumption of heavy and low-quality waxy oils, which previously required external sales [2] - The refinery adjusted its production load in response to market demand fluctuations, producing 1.556 million tons of gasoline and 2.352 million tons of diesel from January to September [2] Group 2: Technological Upgrades - The refinery's online optimization blending system for gasoline was enhanced, increasing its usage rate from 23% to 52.2% and achieving a blending qualification rate of 97.8% [3] - A team discovered that new catalysts increased reaction temperatures significantly, leading to a reduction in fuel gas consumption from 630 cubic meters to 350 cubic meters per hour, saving 3.5 million yuan annually [4] - The refinery optimized heat feed across 11 units, increasing the heat feed ratio from 59.1% to 76.8%, saving over 70,000 yuan monthly [5] Group 3: Specialty Product Development - The refinery focused on product structure adjustments, successfully upgrading petroleum coke quality from grade 2B to 2A, enhancing both quality and profitability [6] - The development of high-value products, such as aviation kerosene, achieved certification and rapid market entry, contributing significantly to the refinery's profit increase [7] - The aromatics unit exceeded production targets for pure benzene and ortho-xylene through raw material optimization and reaction depth adjustments, supporting the refinery's overall profitability [7]

Core Viewpoint - The report titled "2025-2031 China Xylene Industry Development Dynamics and Investment Opportunity Analysis" aims to provide comprehensive insights into the development trajectory of the xylene industry in China, serving as a reference for manufacturers, government agencies, and industry experts [1]. Industry Overview - The xylene industry report has been published annually since 2018, with a total of seven editions, documenting the industry's development and summarizing its current status and trends [1]. - The report consists of 11 chapters, covering market development environment, operational status, competitive landscape, key enterprise analysis, and future trends and investment forecasts [1]. Market Analysis - As of the end of 2024, the price of xylene with a purity of ≥96% in China was 6965.37 yuan per ton, reflecting a 0.57% decrease month-on-month and a 7.13% decrease year-on-year [3]. - The domestic xylene production capacity has seen new releases, but the downstream demand growth remains stable, leading to a relaxed supply-demand relationship and price suppression [3]. Industry Chain - The upstream of the xylene industry includes raw materials such as petroleum-based (crude oil, naphtha) and coal-based (coal, methanol) materials, as well as production equipment like catalytic reforming units and aromatic joint units [6]. - The downstream applications of xylene span various sectors, including textiles, food packaging, automotive manufacturing, solvents, pharmaceutical intermediates, coatings, dyes, and pesticides [6]. Regional Distribution - The distribution of xylene industry enterprises shows significant regional concentration, primarily in East China (Zhejiang and Jiangsu), South China (Guangdong and Fujian), and Northeast China (Shandong and Liaoning), forming three major industrial clusters [9]. Future Trends and Investment Opportunities - The report provides a detailed analysis of the new trends and highlights in the xylene industry for 2024, along with a deep reflection on existing issues, offering beneficial suggestions for high-quality development in the future [1].