SunSirs: On April 18th, the Market Situation of OX Temporarily Stabilized
April 19 2023 13:11:31 SunSirs (John)
Price trend
On April 18th, Sinopec listed the execution price of OX at 8,800 RMB/ton, and the price increased.
Analysis review
The external quotation of OX fluctuated and stabilized; The price of mixed xylene was temporarily stable, and the cost of OX was stabilizing. The downstream market for PA was fluctuating and stabilizing, while the downstream plasticizer market was fluctuating and consolidating. The demand was mainly on demand, and the enthusiasm for transaction of OX was average. The operating rate of OX was low, the inventory of OX ports was low, the supply of OX was normal, and the OX market was stabilizing. Overall, there was still upward momentum in the OX market, and downward pressure had weakened.
Market outlook
The market for OX will remain strong and stable 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
