The price of OX was temporarily stable this week

According to the commodity market analysis system of SunSirs, as of December 8th, the price of OX was 7,500 RMB/ton, which was temporarily stable compared to the price of OX on December 1st last weekend. The price of xylene raw materials had fluctuated and fallen, and the cost of OX had decreased; The price of PA fluctuated and fell, while the plasticizer market was strongly consolidated. Downstream demand remained weak, and the price of OX remained temporarily stable this week.  

Raw material xylene fluctuated and fell

According to the analysis system of the xylene commodity market in SunSirs, as of December 8th, the price of xylene was 6,900 RMB/ton, a fluctuation decrease of 2.54% compared to the price of xylene on December 1st, which was 7,080 RMB/ton last weekend. In December, crude oil prices fluctuated significantly, resulting in a decrease in the cost of xylene and a decrease in the price of xylene. The cost of raw materials for OX also decreased, and the downward pressure on OX increased.

Downstream PA market fluctuated and fell

According to the Commodity Market Analysis System of SunSirs, as of December 8th, the quotation for OX PA was 7,400 RMB/ton, a fluctuation decrease of 1.17% compared to the previous weekend's price of 7,487.50 RMB/ton for PA on December 1st. In December, the plasticizer market rose and then fell, and the demand for PA continued to grow insufficiently. The operating rate of PA remained stable, and the price of PA slightly decreased, resulting in weak demand for OX.

Market outlook

According to OX data analysts from SunSirs, crude oil prices fell significantly in December, and xylene prices followed suit this week, resulting in a decrease in the cost of OX; the price of PA had fluctuated and fallen, and the market for PA had remained stagnant, resulting in insufficient downstream demand growth for OX. In the future, the cost of OX will decrease, demand growth will be poor, and the negative outlook for OX still exists. It is expected that the price of OX will be weakly adjusted in the future.

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