SunSirs: On April 6th, the OX Market Temporarily Stabilized
April 07 2023 11:32:32 SunSirs (John)
Price trend
On April 6th, Sinopec listed OX at an execution price of 8,600 RMB/ton, with prices temporarily stable. The external quotation of OX fluctuated and stabilized
Analysis review
The price of mixed xylene fluctuates and increased, while the cost of OX increased. The downstream market for PA was stabilizing, and the downstream plasticizer market was fluctuating and adjusting, with rigid demand being main demand. The transaction enthusiasm for OX was average, with low operating rates and low inventory of OX at ports. The supply of OX was normal, and the OX market was stabilizing.
Market outlook
Overall, the upward momentum of the OX market has weakened, and downward pressure still exists. In the future, the OX market will stabilize.
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
