SunSirs: On November 23rd, the Market of OX Stabilized
November 24 2023 10:44:25 SunSirs (John)
Price trend
On November 23rd, the execution price of Sinopec OX was listed at 7,800 RMB/ton, and the price was temporarily stable.
Analysis review
The external quotation of OX fluctuated and consolidated; The price of xylene fluctuated and consolidated, while the cost of OX tended to stabilize; The downstream market for PA fluctuated and consolidated, while the downstream plasticizer market 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 inventory of OX ports was low. The supply of OX was temporarily stable, and the OX market was stabilizing.
Market outlook
The overall upward momentum of the OX market still exists, and the downward pressure has weakened. In the future, the OX market will temporarily stabilize.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
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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
- 2024-02-19 SunSirs: The Cost of Replenishing Inventory after the Holiday Had Increased, and the Market for OX Was Temporarily Stable This Week
