SunSirs: On January 18th, the Market of OX Stabilized
January 19 2024 10:52:22 SunSirs (John)
Price trend
On January 18th, the OX market in East China remained stable, with Sinopec East China quoting 7,800 yuan/ton, showing a trend towards stability; The market situation for OX in North China was temporarily stable, with Sinopec North China quoting 7,800 yuan/ton, indicating a trend towards stability; The market situation of adjacent xylene in the Northeast region was temporarily stable, with PetroChina executing a quotation of 7,650 yuan/ton, and the quotation was stabilizing; The market situation for OX in South China was temporarily stable, with Sinopec South China quoting 7,800 yuan/ton, indicating a trend towards stability. The market transaction price was temporarily stable. The actual transaction price was mainly negotiated.
Analysis review
On January 18th, Sinopec listed and executed a price of 7,800 yuan/ton for OX, with prices temporarily stable. The external quotation for OX fluctuated and stabilized; The price of mixed xylene fluctuated and rose, while the cost of OX remained strong; The downstream PA market was fluctuating and stabilizing, while the downstream plasticizer market was weak and consolidating. The demand for essential procurement was mainly high, and the enthusiasm for OX transactions was average. The production of OX was temporarily stable, and the supply of OX was stable. The OX market was stabilizing.
Market outlook
The overall upward momentum of the OX market still exists, the downward pressure weakens, and the OX market tends to stabilize.
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