SunSirs: The Industrial Chain Strengthened and the OX Market Explored Upward
January 24 2024 10:38:43 SunSirs (John)
The price of OX was temporarily stable this week
According to the Commodity Market Analysis System of SunSirs, as of January 22, the price of OX was 7,800 RMB/ton, which was temporarily stable compared to the price of OX on January 15, which was 7,800 RMB/ton. The price of raw material xylene fluctuated and rose, while the cost of OX increased; The price of PA had fluctuated and risen, downstream demand had rebounded, the industrial chain had strengthened, and the price of OX temporarily stabilized, but the upward support had increased.
Raw material xylene increased
According to the xylene commodity market analysis system of SunSirs, as of January 22, the price of xylene was 7,200 RMB/ton, an increase of 0.70% from the price of xylene on January 15, which was 7,150 RMB/ton. The price of crude oil had risen, the price of naphtha had fluctuated and risen, the cost of xylene had increased, the price of xylene had increased, the cost of OX had increased, and the driving force for the rise of OX had increased.
Downstream PA market rebounded
According to the Commodity Market Analysis System of SunSirs, as of January 22, the quotation for PA produced by OX method was 7,625 RMB/ton, an increase of 0.49% from the price of 7,587.50 RMB/ton on January 15. Downstream purchased on demand, maintenance of PA units had increased, prices of PA rose, and the support for OX demand increased.
Market outlook
According to OX data analysts from SunSirs, the price of xylene had increased this week, the cost of OX hadincreased, and the price of PA had fluctuated and risen. The market of the OX industry chain had rebounded and strengthened. Overall, the cost of OX had risen, and the demand had rebounded. It is expected that the price of OX will rise in the future.
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