SunSirs: On February 8, the Market of OX Was Temporarily Stable
February 09 2023 13:24:26 SunSirs (John)
Price trend
On February 8, Sinopec listed the execution price of domestic OX at 7800 RMB/ton, the price was temporarily stable.
Analysis review
The external quotation of OX rose in shock; the price of mixed xylene fluctuated and fell, the cost of OX decreased. The market of PA in downstream was volatile and stagnant, and the market of plasticizers in the downstream was falling. The demand was mainly in rigid, and the transaction enthusiasm of OX was poor. The OX started at a low level, the OX port inventory was low, the OX supply was normal, and the OX market was weak and stable.
Market outlook
In general, the rising power of OX market weakened, and the downward pressure remained. In the future, OX market will be weak and stable.
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