SunSir: On August 2, OX Market Was Temporarily Stable
August 03 2023 13:55:31 SunSirs (John)
Price trend
On August 2, the market situation of OX in East China was temporarily stable, and Sinopec offered 8,600 RMB/ton in East China, which was temporarily stable; The market situation of OX in North China was temporarily stable, and Sinopec North China offered 8,600 RMB/ton, which was temporarily stable; The market situation of OX in Northeast China was temporarily stable, and PetroChina's executive quotation was 8,450 RMB/ton, which was temporarily stable; The market situation of OX in South China was temporarily stable, and the quotation of Sinopec South China was 8,600 RMB/ton, which was temporarily stable. The market transaction price was temporarily stable. The actual transaction price was mainly negotiated.
Analysis review
On August 2, Sinopec listed OX at a strike price of 8,600 RMB/ton, which was temporarily stable. The quotation of OX in the external market was volatile and stable; Mixed xylene prices fluctuated and OX costs fluctuated; The downstream PA market fluctuated and rose, the downstream plasticizer market rose, demand was mainly just rigid demand, OX transaction enthusiasm was general, OX construction was low, OX port inventory was low, OX supply was normal, OX market rose.
Market outlook
In general, OX market has increased its upward momentum and weakened its downward pressure, and OX market will fluctuate and stabilize in the future.
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