Price trend

On September 4th, the OX market in East China remained temporarily stable, with Sinopec East China quoting 8,800 RMB/ton, which was temporarily stable; The OX market in North China was temporarily stable, with Sinopec North China quoting 8,800 RMB/ton, which was temporarily stable; The market situation of OX in the Northeast region was temporarily stable, with PetroChina implementing a quotation of 8,650 RMB/ton, and the quotation was temporarily stable; The OX market in South China was temporarily stable, with Sinopec South China quoting 8,800 RMB/ton, which was temporarily stable. The market transaction price was temporarily stable. The actual transaction price was mainly negotiated.

Analysis review

On September 4th, Sinopec listed and implemented a price of 8,800 RMB/ton for OX, with prices temporarily stable. The external quotation for OX fluctuated and consolidated; The price of mixed xylene fluctuated and consolidated, while the cost of OX tended to stabilize; The downstream market for PA was fluctuating and stabilizing, while the downstream plasticizer market was weak and declining. Demand was mainly in needed, and the enthusiasm for transaction of OX was average. The starting point of OX was low, and the inventory of OX at ports was low. The supply of OX was tight, and the OX market was stabilizing.

Market outlook

The overall upward momentum of the OX market has weakened, and downward pressure still exists. In the future, the OX market will stabilize.

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