SunSirs: The Price of OX Rose on March 1
March 02 2023 09:36:03 SunSirs (John)
The price of OX rose on March 1
According to the price trend chart of OX of SunSirs, the price of OX was 8,300 RMB/ton as of March 1, up 3.75% from the price of 8,000 RMB/ton on the previous trading day. Supported by the cost of raw materials, and the demand recovered. On March 1, the domestic OX market rose.
Analysis review
The price of mixed xylene, the raw material of OX, fluctuated and increased, and the cost support was large; The price of OX on the external market rose, and the price difference between the internal and external markets of OX was large, and the supporting force for the price rise of OX was large. The market of PA in the downstream had warmed up and had some support for OX, but the rise of PA was less than that of OX, and the support for the rise of OX was limited.
Market outlook
With sufficient cost support and limited demand support, the price of OX is expected to stabilize strongly in the future.
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