SunSirs: On October 10th, the OX Market Temporarily Stabilized
October 11 2023 13:59:02 SunSirs (John)
Price trend
On October 10th, the OX market in East China remained temporarily stable, with Sinopec East China quoting 8,700 RMB/ton, which was temporarily stable; The OX market in North China was temporarily stable, with Sinopec North China quoting 8,700 RMB/ton, which was temporarily stable; The market situation of OX in the Northeast region was temporarily stable, with CNPC executing a quotation of 8,550 RMB/ton, and the quotation was temporarily stable; The OX market in South China was temporarily stable, with Sinopec South China quoting 8,700 RMB/ton, which was temporarily stable. The market transaction price was temporarily stable. The actual transaction price was mainly negotiated.
Analysis review
On October 10th, Sinopec listed and implemented a price of 8,700 RMB/ton for OX, with prices temporarily stable. The external quotation for OX fluctuated and consolidated; The price of mixed xylene fluctuated and stabilized, while the cost of OX stabilized; The downstream market for PA had fluctuated and fallen, while the downstream plasticizer market had fluctuated and consolidated. The demand was mainly in demand, and the enthusiasm for transaction of OX was average. The starting rate of OX was low, and the port inventory of OX was low. The supply of OX was temporarily stable, and the OX market was temporarily stable.
Market outlook
Overall, the upward momentum of the neighboring benzene market has weakened, and downward pressure still exists. In the future, the neighboring benzene market will be weak and temporarily stable.
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