SunSirs: Bad News Weakened, and the Price of OX Stabilized This Week
November 22 2022 10:48:32 SunSirs (John)The price of OX stabilized this week
It can be seen from the trend chart of OX price of SunSirs that as of November 18, the price of OX was 9,000 RMB/ton, which was stable compared with the price of OX on November 11 last weekend. The bad news of the OX industry chain weakened, and the domestic market for OX stabilized.
Raw material mixed xylene market rose in shock this week
It can be seen from the mixed xylene price trend chart of SunSirs that the mixed xylene price rose in shock this week. As of November 18, the price of mixed xylene was 8,100 RMB/ton, up 1.00% from 8,020 RMB/ton on November 11. The price of mixed xylene rose this week, the cost of OX rose, the downward pressure on OX weakened, and the upward momentum increased.
The price of PA held steady this week
It can be seen from the PA price trend chart of SunSirs that the domestic PA price of OX process was stable this week. As of November 18, the PA price of OX process was 9,150 RMB/ton, which was stable compared with the price of 9,150 RMB/ton on November 11. This week, the price of PA from OX process stopped falling and became stable, the downstream demand was stable, and the downward pressure on OX was weakened.
Market outlook
The analysts of OX data from SunSirs believed that there were many negative effects on the OX industry chain in the early stage, and the OX price fell continuously. The price of mixed xylene rose this week, the price of PA remained stable, and the bad news of OX market weakened. It is expected that the price of OX will become stable in the future.
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