The price of OX was temporarily stable this week
According to the commodity market analysis system of SunSirs, as of December 14th, the price of OX was 7,500 RMB/ton, which was temporarily stable compared to the price of OX on December 8th last weekend. The price of raw material xylene rebounded, while the cost of OX stopped falling; The price of PA had stopped falling and stabilized, while the plasticizer market had fluctuated and stabilized. Downstream demand remained weak, and the price of OX had temporarily stabilized this week.
Raw material xylene rebounded
According to the market analysis system of xylene products in SunSirs, as of December 14th, the price of xylene was 6,920 RMB/ton, an increase of 0.29% compared to the price of xylene on December 8th last weekend, which was 6,900 RMB/ton. In December, the price of naphtha stopped falling and rebounded. The international market saw an increase in the price of xylene, which led to an increase in the cost of raw materials for OX. As a result, the upward momentum for OX increased.
Downstream PA market stopped falling and stabilized
According to the Commodity Market Analysis System of SunSirs, as of December 14th, the quotation for PA produced by OX method was 7,400 RMB/ton, which was temporarily stable compared to the price of 7,400 RMB/ton for PA on December 8th last weekend. In December, the plasticizer market first fell and then rose, and the demand for PA continued to grow insufficiently. The operating rate of PA remained stable, the price of PA stabilized, and the demand for OX was insufficient.
Market outlook
According to analysts from SunSirs, the price of xylene rebounded and increased this week, leading to an increase in the cost of OX; The price of PA had stopped falling and stabilized, the market for PA was stagnant, and downstream demand for OX was not growing enough. In the future, the cost of OX will increase, demand growth will be poor, and the benefits for OX will be insufficient. It is expected that the price of OX will stabilize in the future.
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