SunSirs: Views on the Trend of OX on June 1
June 02 2022 09:45:36 SunSirs (John)Price trend
According to the data monitoring of SunSirs, the average price of OX quoted on June 1 was 8,800 RMB/ton, which was 200 RMB/ton or2.33% higher than the previous trading day’s price of 8,600 RMB/ton on May 31. And it was an increase of 7.32% from the listing price of OX Sinopec at 8,200 RMB/ton on May 1 at the beginning of the month. The market of the industry chain was favorable, and the market of OX rose strongly.
Analysis review
The price of crude oil was adjusted at a high level, the price of mixed xylene rose volatilely, and the cost of OX rose; the price of PA rose volatilely, and the demand for OX recovered. Costs were rising, demand was picking up, OX had a strong upward momentum, and the downward pressure was still there.
The price of OX in the external market fluctuated and rose, and the price difference between domestic and foreign OX was large, which was more favorable for the domestic OX market, and the downward pressure was weakened.
Market outlook
Costs rise, demand picks up, OX is more favorable, and the downward pressure is weakened. In the market outlook, the OX market will rise strongly.
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