SunSirs: The Price of OX Fell This Week

https://www.chemnet.com   Jan 13,2023 SunSirs

　　According to the price trend chart of OX of SunSirs, the price of OX was 7,500 RMB/ton as of January 12, down 3.85% from the price of 7,800 RMB/ton on January 6. The OX industry chain was shaken and consolidated, and the domestic OX market fell.

　　The market of raw materials mixed xylene fluctuated and rose 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 January 12, the price of mixed xylene was 6,900 RMB/ton, up 1.62% from the price of 6,790 RMB/ton on January 6. The price of crude oil rose in shock, naphtha rose sharply, the cost of mixed xylene rose, and the price of mixed xylene rose in shock. The downward pressure of OX weakened and the upward momentum increased.

　　The price of downstream PA stopped falling and recovered this week

　　It can be seen from the price trend chart of PA of SunSirs that the price of PA stopped falling and recovered this week. As of January 12, the quotation of PA by OX method was 8,100 RMB/ton, up 0.62% from the price of 8,050 RMB/ton on January 6. Downstream demand picked up, the price of PA by OX method stopped falling and rose, and the downward pressure on OX weakened.

　　Market outlook

　　According to the analyst of OX data of SunSirs, the price of OX fell this week, and the OX manufacturers reduced their prices to de-stock. However, from the perspective of the upstream and downstream trends of the industrial chain, the price of mixed xylene in the upstream fluctuated and rose, the price of PA in the downstream stops falling and rose. The cost of OX rose and the demand recovered. It is expected that the price of OX will rise in shock in the future.

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