Price trend

On April 6th, Sinopec listed OX at an execution price of 8,600 RMB/ton, with prices temporarily stable. The external quotation of OX fluctuated and stabilized

Analysis review

The price of mixed xylene fluctuates and increased, while the cost of OX increased. The downstream market for PA was stabilizing, and the downstream plasticizer market was fluctuating and adjusting, with rigid demand being main demand. The transaction enthusiasm for OX was average, with low operating rates and low inventory of OX at ports. The supply of OX was normal, and the OX market was stabilizing.

Market outlook

Overall, the upward momentum of the OX market has weakened, and downward pressure still exists. In the future, the OX market will stabilize.

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