The price of OX fluctuated and rose in March

According to the price trend chart of OX of SunSirs, as of March 29, the price of OX was 8,600 RMB/ton, an increase of 7.50% compared to the price of OX of 8,000 RMB/ton at the end of February 28 of last month. The market of OX industry chain rose supported, and the domestic OX market rose significantly in March.

The market of raw materials mixed xylene fluctuated and rose in March

As can be seen from the price trend chart of mixed xylene of SunSirs, as of March 29, the price of mixed xylene was 7,540 RMB/ton, an increase of 1.21% compared to the price of mixed xylene of 7,450 RMB/ton on March 1. The price of mixed xylene was adjusted in wave shape in March. Overall, the price of mixed xylene rose in March, with a strong upward momentum for OX.

Downstream PA market fluctuated and rose in March

As can be seen from the price trend chart of PA of SunSirs, as of March 29, the quotation for OX method PA was 8,625 RMB/ton, an increase of 2.07% compared to the price of 8,450 RMB/ton on March 1. In March, the price of OX method PA rose first and then fell. The overall PA market fluctuated and rose, with increased support for the rise of OX.

Market outlook

OX Data analysts from SunSirs believe that in March, the market in the upstream and downstream of the OX industry chain fluctuated and increased, while the price of mixed xylene fluctuated and increased, while the price of PA rose, with strong support for the rise of OX. In the future, mixed xylene has limited upward support, PA prices have stalled, and OX costs have increased, with limited support and temporarily stable demand. It is expected that the price of OX will fluctuate and stabilize in the future.

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