SunSirs: The Price of OX Rose This Week (January 30-February 6)
February 08 2023 10:18:40 SunSirs (John)
The price of OX rose this week
According to the price trend chart of OX of SunSirs, the price of OX was 7,800 RMB/ton as of February 6, up 4% from 7,500 RMB/ton on January 30. The OX industry chain rose in shock, and the domestic OX market rose.
The market of raw materials mixed xylene fluctuated and rose this week
It can be seen from the mixed xylene price trend chart of SunSirs that the mixed xylene price rose in shock this week. As of February 6, the price of mixed xylene was 7,390 RMB/ton, up 0.96% from the price of 7,320 RMB/ton on January 29. The price of mixed xylene fluctuated and rose, and the cost of OX rose. The downward pressure of OX weakened and the upward momentum increased.
The price of downstream PA rose in shock this week
It can be seen from the price trend chart of PA of SunSirs that the price of PA rose in a volatile way this week. As of February 6, the price of PA by OX process was 8,187.50 RMB/ton, up 1.39% from the price of 8,075 RMB/ton on January 29. The downstream demand was stable, and the price of OX method PA was willing to rise. In the future, OX method PA has a risk of decline. The downward pressure of OX still existed, and the upward momentum was weakened.
Market outlook
Analysts from SunSirs OX data believe that the price of rose this week due to rising costs and stable demand. The crude oil price fell, and the risk of mixed xylene decline increased; The demand for plasticizers was weak, the risk of price decline of OX method PA was increased, the cost of OX in the future is reduced, and the demand is weak. It is expected that the price of OX in the future will be weak and stable temporarily.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
- 2024-05-10 SunSirs: Limited Support, OX Prices Remained Stable This Week
- 2024-04-11 SunSirs: On April 10th, the Market Situation for OX Remained Temporarily Stable
- 2024-03-14 SunSirs: Cost Reduced and Demand Was Weak, the Downward Pressure on OX Was Significant
- 2024-03-06 SunSirs: The Price of OX Increased in February, But the Support for the Increase in OX in March Was Insufficient
- 2024-02-21 SunSirs: On February 20th, the Market for OX Was Temporarily Stable
