SunSirs: The market situation of OX remained temporarily stable On June 5th

https://www.chemnet.com   Jun 06,2024 SunSirs

Price trend

On June 5th, the OX market in East China remained stable, with Sinopec's East China quotation of 8,450 RMB/ton remaining stable; The market situation for OX in North China was temporarily stable, with Sinopec North China quoting 8,450 RMB/ton, which remained stable; The market situation of OX in the Northeast region was temporarily stable, with PetroChina executing a quotation of 8,300 RMB/ton, and the quotation remained stable; The market situation for OX in South China was temporarily stable, with Sinopec South China quoting 8,450 RMB/ton, which remained stable. The market transaction price was stabilizing. The actual transaction price was mainly negotiated.

Analysis review

On June 5th, Sinopec listed and executed a price of 8,450 RMB/ton for OX, with prices temporarily stable. The external quotation for OX fluctuated and consolidated; The price of mixed xylene was consolidating strongly, and the cost of OX was fluctuating and stabilizing; The downstream PA market was fluctuating and stabilizing, while the downstream plasticizer market was fluctuating and consolidating. The demand for essential procurement was mainly focused on, and the transaction enthusiasm for OX was stabilizing. The production of OX was temporarily stable, and the supply of OX was stable. The OX market was also stabilizing. The overall upward momentum of the OX market still existed, and the downward pressure was weakened. The overall OX market was fluctuating and stabilizing.

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