Price trend
On November 14th, the OX market in East China fell, with Sinopec East China quoting 7,800 RMB/ton, resulting in a decrease in prices; The market situation of OX in North China declined, with Sinopec North China quoting 7,800 RMB/ton, resulting in a decrease in quotation; The OX market in the Northeast region declined, with PetroChina executing a quotation of 7,650 RMB/ton, resulting in a decrease in the quotation; The market for OX in South China declined, with Sinopec South China quoting 7,800 RMB/ton, resulting in a decrease in prices. The market transaction price had fallen. The actual transaction price was mainly negotiated.
Analysis review
On November 14th, Sinopec listed the execution price of 7800 RMB/ton for OX, but the price fell and the external quotation for OX fluctuated and consolidated; The price of mixed xylene fluctuated and consolidated, while the cost of OX tended to stabilize due to its weakness; The downstream market for PA was fluctuating and stabilizing, while the downstream market for plasticizers was stabilizing. The demand was mainly in needed, and the transaction enthusiasm for OX was average. The start of OX was low, and the inventory of OX ports was low. The supply of OX was temporarily stable, and the OX market was stabilizing.
Market outlook
Overall, the upward momentum of the OX market has weakened, and downward pressure still exists. In the future, the OX market will be weak and temporarily stable.
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