SunSirs: OX Market Stabilized on July 19
July 20 2023 14:04:18 SunSirs (John)
Price trend
On July 19, the market of OX in East China stabilized, and Sinopec offered 8,300 RMB/ton in East China, which was temporarily stable; The market situation of OX in North China stabilized, and Sinopec North China quoted 8,300 RMB/ton, which was temporarily stable; The market of OX in Northeast China stabilized, and PetroChina h offered 8,150 O-Xylene, which was temporarily stable; The market situation of OX in South China stabilized. Sinopec South China quoted 8,300 RMB/ton, which was temporarily stable. The market transaction price was temporarily stable. The actual transaction price was mainly negotiated.
Analysis review
On July 19, Sinopec listed OX at a price of 8,300 RMB/ton, and the price was temporarily stable. The external quotation of OX was volatile and stable; Mixed xylene prices fluctuated upward and OX costs fluctuated upward; The downstream PA market rose, the downstream plasticizer market fluctuated and consolidated, the demand was just on-demand, the enthusiasm of OX transaction was general, the OX construction was low, the OX port inventory was low, the OX supply was normal, and the OX market stabilized.
Market outlook
Overall, the upward momentum of OX market remains, the downward pressure is weakened, and the OX market tends to stabilize in the future.
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- 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
