The price of OX drops after the holiday

According to the Commodity Market Analysis System of SunSirs, as of October 8th, the price of OX was 8,700 RMB/ton, a decrease of 500 RMB/ton or 5.43% compared to the 9,200 RMB/ton price of OX on October 1st. During the Double Festival period, crude oil prices significantly decreased, xylene prices fluctuated and fell after the festival, and the cost of OX decreased; The downstream PA market declined, resulting in weak demand for OX and a decrease in costs. The price of OX fluctuated and decreased after the holiday.

After the holiday, the market for raw materials xylene fluctuated and fell

According to the market analysis system of xylene products in SunSirs, as of October 8th, the price of xylene was 8,200 RMB/ton, a decrease of 3.42% compared to the price of xylene at 8,490 RMB/ton on October 1st. During the Double Festival period, crude oil prices significantly decreased, xylene prices fluctuated and fell, and raw material costs decreased. After the festival, the downward pressure on OX prices increased.

Downstream PA market fluctuated and fell after the holiday

According to the market analysis system for PA products in SunSirs, as of October 8th, the quotation for PA produced by OX method was 8,600 RMB/ton, a decrease of 1.29% compared to the price of 8,712.50 RMB/ton on October 1st. During the Double Festival period, crude oil prices plummeted, the PA market operated cautiously, terminal demand remained cold, and downstream procurement enthusiasm was poor. After the festival, the price of PA fluctuated and fell.

Market outlook

OX data analysts from SunSirs believe that during the Double Festival, crude oil prices plummeted, xylene prices fluctuated and fell after the festival, and the cost of raw materials for OX decreased; After the holiday, the price of PA fluctuated and fell, and downstream demand for PA was weak. In the future, both the upstream and downstream markets of the OX industry chain have declined, and the cost of OX has decreased. The demand for OX is weak, and it is expected that OX prices will fluctuate and fall in the future.

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