SunSirs: On May 5th, the OX Market Temporarily Stabilized
May 06 2023 09:09:25The downstream market for phthalic anhydride fluctuated and fell, while the price of ortho xylene fell. The downward pressure on the OX market in the future still has a weakened upward momentum.
On May 5th, the adjacent xylene market in East China remained temporarily stable, with Sinopec East China quoting 8500 RMB/ton, which was temporarily stable; The adjacent xylene market in North China is temporarily stable, with Sinopec North China quoting 8500 RMB/ton, which is temporarily stable; The market situation of adjacent xylene in the Northeast region is temporarily stable, with PetroChina executing a quotation of 8350 RMB/ton, and the quotation is temporarily stable; The adjacent xylene market in South China is temporarily stable, with Sinopec South China quoting 8500 RMB/ton, which is temporarily stable. The market transaction price has fallen. The actual transaction price is mainly negotiated.
On May 5th, Sinopec listed and executed a price of 8500 RMB/ton for ortho xylene, which remained temporarily stable. The external quotation for ortho xylene fluctuated and fell; The price of mixed xylene has decreased, while the cost of ortho xylene has decreased; The downstream market for phthalic anhydride is weak and declining, while the downstream market for plasticizers is rising. Demand is mainly in demand, and the transaction enthusiasm for ortho xylene is average. The starting point of ortho xylene is low, and the inventory of ortho xylene ports is low. The supply of ortho xylene is normal, but the ortho xylene market is declining.
Overall, the upward momentum of the adjacent xylene market has weakened, and the downward pressure has increased. In the future, the adjacent xylene market will decline.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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- 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
