SunSir: On August 9th, the OX Market Temporarily Stabilized
August 10 2023 13:52:19 SunSirs (John)
Price trend
On August 9th, the OX market in East China remained temporarily stable, with Sinopec East China quoting 9,000 RMB/ton, which was temporarily stable; The OX market in North China was temporarily stable, with Sinopec North China quoting 9,000 RMB/ton, which was temporarily stable; The market situation of OX in the Northeast region was temporarily stable, with PetroChina executing a quotation of 8,850 RMB/ton, and the quotation was temporarily stable; The OX market in South China was temporarily stable, with Sinopec South China quoting 9,000 RMB/ton, which was temporarily stable. The market transaction price was temporarily stable. The actual transaction price was mainly negotiated.
Analysis review
On August 9th, Sinopec listed and executed a price of 9,000 RMB/ton for OX, which was temporarily stable. The external quotation for OX fluctuated and increased; The price of mixed xylene fluctuated and increased, while the cost of OX fluctuated and increased; The downstream market for PA was fluctuating and rising, while the downstream plasticizer market was rising. The demand was mainly in demand, and the transaction enthusiasm for OX was average. The start of OX was low, and the inventory of OX ports was low. The supply of OX was normal, but the OX market was rising.
Market outlook
Overall, there is a strong upward momentum in the OX market, and the downward pressure has weakened. In the future, the OX market will remain strong and temporarily stable.
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