SunSirs: The Price of OX Slightly Increased This Week

The price of OX slightly increased this week

According to the Commodity Market Analysis System of SunSirs, as of April 20, the price of OX was 8,800 RMB/ton, an increase of 1.15% compared to the price of OX of 8,700 RMB/ton on April 13. This week, the domestic market for OX had slightly increased, with raw material prices falling and downstream PA market declining. The support for the rise of the OX industry chain was insufficient.

This week's raw material xylene market stopped rising and stabilized

According to the market analysis system of xylene products in SunSirs, as of April 30, the price of xylene was 7,880 RMB/ton, a slight increase of 0.64% compared to the price of xylene on April 13, which was 7,830 RMB/ton; Compared to the price of xylene at 7,570 RMB/ton on April 1st, it increased by 4.10%. This week, crude oil prices hadfallen back, xylene raw material costs had decreased, xylene prices stopped rising and stabilized, OX costs temporarily stabilized, and the upward momentum of OX weakened.

Downstream PA market fell this week

According to the commodity market analysis system of SunSirs, as of April 20th, the quotation for OX method PA was 8,550 RMB/ton, a decrease of 0.58% compared to the price of 8,600 RMB/ton on April 13th; Compared to the price of ortho PA at 8,625 RMB/ton on April 1st, it decreased by 0.87%.

Market dynamics:

Analysts from SunSirs’ OX data believe that the situation in the OX industry chain slightly increased this week. The price of crude oil decreased, the price of xylene stopped rising, the price of PA decreased, the support for the increase in cost of adjacent benzene weakened, and the downstream market weakened, and the demand was weakened In the future, the cost of OX weakens, demand is weak, and support for the OX industry chain weakens. It is expected that OX prices will remain weak and stable in the future..

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