SunSirs: The Price of OX Finally Rose Before the Holiday
February 09 2021 13:32:58 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, the price of OX rose in February, and the domestic market of OX recovered. With the continuous recovery of the market of up stream and downstream, the price of OX finally bottomed out. As of February 8, Sinopec's price of OX was 5,000.00 RMB/ton, an increase of 300 RMB/ton from the price of 4,700 RMB/ton at the beginning of the month (February 1), an increase of 6.38%.
The upstream market of OX
It can be seen from the price chart of mixed xylene that since January, the price of mixed xylene has continued to rise by more than 17%. The price of mixed xylene has skyrocketed, the cost of OX has increased, and the momentum of the rise of OX has increased.
The trend of downstream products
It can be seen from the price chart of phthalic anhydride that since January, the price of phthalic anhydride has fallen first and then increased. The overall price of phthalic anhydride has risen. Since late January, the price of phthalic anhydride has soared, the demand for OX has risen, and the market for OX has improved. The momentum for the rise of OX has increased.
Market outlook
The OX data analyst of SunSirs believes that since January, the price of mixed xylene has continued to rise, and the cost of OX has increased. The phthalic anhydride market bottomed out after mid-January. After that, the price of phthalic anhydride rose sharply, and the demand for OX rose further. Stimulating the price increase of OX, the pressure on the rise of OX continues to increase; the price of OX has been stable since mid-January, the price of OX finally rose last weekend, and the pressure on the rise of OX is released. It is expected that the price of OX will remain stable in the future .
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