The price of OX lacked motivation to rise
It can be seen from the trend chart of OX price of SunSirs that as of October 20, the price of OX was 9,600 RMB/ton, which was stable compared with the price of OX on October 10. After the festival, the price of OX hit a new high in the year, and the recent rise of OX was weak, and the price of OX remained stable.
The market of raw material mixed xylene fell
It can be seen from the mixed xylene price trend chart of SunSirs that the mixed xylene price rose first and then fell after the festival, and the mixed xylene price fell in the middle of October. As of October 20, the price of mixed xylene was 8,340 RMB/ton, down 0.41% from the price of 8,400 RMB/ton on October 10. After the festival, the crude oil price fell continuously, the cost of mixed xylene fell, the rise of mixed xylene was not supported enough, the price of mixed xylene fell, the cost of OX fell, and the support for the rise of OX weakened.
The price of PA dropped from a high level
It can be seen from the trend chart of PA price of SunSirs that the domestic market price of PA made of OX fell back from its high level in the middle of October. As of October 20, the quotation for PA production by OX method was 10,500 RMB/ton, down 1.29% from the price of 10,637.50 RMB/ton on October 14. Downstream declined, demand for OX declined, and pressure on OX to decline increased.
Market outlook
According to the analysts of OX data from SunSirs, the price of OX rose continuously after the festival, hitting a new high in the year. Since the middle of October, OX has not been able to rise, and the price of OX has remained stable. In terms of upstream and downstream of the industrial chain, the prices of mixed xylene and PA fell successively in mid October, the cost of OX fell, and the demand was insufficient. To sum up, the upstream and downstream of the OX industry chain are falling, the demand for OX is insufficient, and the cost is falling. It is expected that the price of OX in the future will be weak and stable.
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