SunSirs: The Price of OX Fell in January

https://www.chemnet.com   Jan 31,2023 SunSirs

The price of OX fell in January

According to the price trend chart of OX of SunSirs, the price of OX was 7,500 RMB/ton as of January 30, down 3.85% from the price of 7,800 RMB/ton on January 1. In January, the price of OX fluctuated and fell, and the downstream market warmed up. In the future, the decline of OX market will slow down, and the upward momentum will increase.

The market of raw materials mixed xylene rose in shock in January

It can be seen from the mixed xylene price trend chart of SunSirs that the mixed xylene price rose in shock in January. As of January 30, the price of mixed xylene was 7,380 RMB/ton, up 9.99% from the price of 6,710 RMB/ton on January 1. Crude oil prices rose in shock, naphtha rose sharply, the cost of mixed xylene rose, the price of mixed xylene rose in shock, and the rising power of OX increased.

In January, the price of downstream PA stopped falling and recovered

It can be seen from the price trend chart of PA of SunSirs that the price of PA stopped falling and recovered in January. As of January 30, the price of PA by OX process was 8,162.50 RMB/ton, up 1.24% from the price of 8,062.50 RMB/ton on January 1. After the holiday, the price of PA recovered and rose, the downstream demand recovered, and the rising power of OX increased.

Market outlook

According to the analyst of OX data of SunSirs, the price of OX fell in January, and the OX manufacturers reduced their prices to remove inventory. From the upstream and downstream trend of the industrial chain, the price of mixed xylene in the upstream rose in shock in January, the price of PA in the downstream rose in shock in January, the cost of OX rose, the demand warmed up, and the stock replenishment after the festival, the prices of OX in the upstream and downstream rose together, and the rising power of OX increased. It is expected that the price of OX will rise in the future.

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