SunSirs: On October 8th, the Market Situation of OX Declined
October 08 2023 13:45:47 SunSirs (John)
Price trend
On October 8th, Sinopec listed the execution price of OX at 8,700 RMB/ton, but the price fell.
Analysis review
The external quotation of OX fluctuated and consolidated. The price of mixed xylene fluctuated and decreased, while the cost of OX decreased; The downstream market for PA fluctuated and fell, while the downstream plasticizer market consolidated. The demand was mainly based on rigid demand, and the enthusiasm for transaction of OX was average. The production of OX was at a low level, and the inventory of OX ports was low. The supply of OX was temporarily stable, and the OX market was declining. Overall, the upward momentum of the OX market had weakened, and the downward pressure had increased, leading to a decline in the OX market.
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