SunSirs: Cost Support Still Existed, and the Price of OX Was Temporarily Stable This Week
April 11 2023 13:50:19 SunSirs (John)
The price of OX stabilized this week
According to the trend chart of OX prices in SunSirs, as of April 7th, the price of OX was 8,600 RMB/ton, which was stable compared to the price of OX on April 1st, which was 8,600 RMB/ton. The cost support for OX still existed, and the domestic OX market stabilized this week.
The raw material mixed xylene market fluctuated and rose this week
From the price trend chart of mixed xylene in SunSirs, it can be seen that as of April 7th, the price of mixed xylene was 7,810 RMB/ton, an increase of 3.17% compared to April 1st, when the price of mixed xylene was 7,570 RMB/ton. In April, the price of mixed xylene fluctuated and increased, resulting in an increase in the cost of OX. The upward momentum of OX was significant.
The downstream PA market was temporarily stable this week
From the price trend chart of PA in SunSirs, it can be seen that as of April 7th, the quotation for OX method PA was 8,625 RMB/ton, which is temporarily stable compared to the price of OX method PA of 8,625 RMB/ton on April 1st. This week, the price of PA remained temporarily stable, and the market for PA remained stagnant. The support for the rise of OX weakened.
Market outlook
Analysts from SunSirs' OX data believe that this week's situation in the OX industry chain was stagnant, crude oil prices rose, mixed xylene prices fluctuated and rose, PA prices were stagnant, and support for the rising cost of OX still existed. In the future, cost support for OX still exists, and demand is weak. It is expected that OX prices will stabilize in the future.
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
