SunSirs: On May 17th, the OX Market Temporarily Stabilized
May 18 2023 10:45:51 SunSirs (John)
Price trend
On May 17th, the execution price of Sinopec OX was listed at 8,100 RMB/ton, and the price remained stable.
Analysis review
The external quotation of OX fluctuated and fell; The price of mixed xylene fluctuated and fell, while the cost of OX fluctuated and fell. The downstream market for PA stabilized, while the downstream plasticizer market fluctuated and stabilized. The demand was mainly based on rigid demand, and the transaction enthusiasm for OX was average. The construction of OX was at a low level, and the inventory of OX at ports was low. The supply of OX was normal, and the OX market was weakly adjusted.
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
