OX price rose this week
According to the commodity market analysis system of SunSirs, as of August 4, the price of OX was 8,600 RMB/ton, up 3.61% from the price of OX of 8,300 RMB/ton on July 28 last weekend. The price of mixed xylene had increased, and the cost of OX had increased; The downstream market of PA rose in a volatile manner, the demand for OX was stable, the market of OX industry chain rose together, and the price of OX rose this week.
The market for raw material mixed xylene rose this week
According to the market analysis system of mixed xylene products in SunSirs, as of August 4th, the price of mixed xylene was 8,220 RMB/ton, an increase of 130 RMB/ton or 1.61% compared to the price of 8,090 RMB/ton on July 28th last weekend. Crude oil prices rose in shock, naphtha and mixed xylene prices rose, raw material costs rose, and the driving force of OX market increased.
Downstream PA market fluctuated and rose
From the PA market analysis system of SunSirs, as of August 4, the quotation of PA produced by OX method was 8,550 RMB/ton, up 1.03% from 8,462.50 RMB/ton on July 28 last weekend. The market of PA was firm, and the price of PA rose in shock. The falling price of PA produced by naphthalene method was negative for PA OX. Plasticizer enterprises started at a low level, and the demand for PA was weaker. The rise of OX PA was not supported enough, and the rise of OX is limited.
Market outlook
According to the OX data analysts of SunSirs, the price of Naphtha and mixed xylene rose, and the cost of OX raw materials rose due to the rise of crude oil; The downstream demand is limited, the support for the price rise of PA is insufficient, and the rising power of OX is limited. In the future, the cost of OX will rise; The downstream demand of OX is general, and OX is still supported by an increase in the future market. It is expected that the price of OX will stabilize after a slight increase in the future market.
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