The price of OX dropped after the holiday

According to the Commodity Market Analysis System of SunSirs, as of May 5th, the price of OX was 8,500 RMB/ton, a decrease of 3.41% compared to the price of OX of 8,800 RMB/ton on April 30th last month. The price of xylene continued to decline, while the downstream PA market fluctuated and fell. The OX industry chain continued to be weak, and the price of OX fell after the holiday.

After the holiday, the market for raw materials xylene continued to decline

According to the market analysis system of xylene products in SunSirs, as of May 5th, the price of xylene was 7,690 RMB/ton, a decrease of 1.79% compared to the price of xylene on May 1st, which was 7,830 RMB/ton; The price of xylene decreased by 2.41% compared to 7,880 RMB/ton on April 20th. The price of crude oil continued to decline, and the price of xylene continued to decline significantly. The cost of OX decreased, and the downward pressure on the OX market increased.

Downstream PA market declined after the holiday

According to the analysis system of the market situation of PA products in SunSirs, as of May 5th, the quotation for PA produced by OX method was 8,125 RMB/ton, a decrease of 1.22% compared to the price of 8,225 RMB/ton produced by OX method on May 1st; The price of PA decreased by 5.80% compared to 8,625 RMB/ton on April 1st. After the holiday, the price of PA continued to decline, and the market for PA fell, increasing the downward pressure on the market for OX.

Market outlook

Analysts from SunSirs’ OX data believe that upstream xylene prices have fallen since mid April, while downstream PA prices have continued their downward trend since March. The OX industry chain continued to weaken, and the downward pressure on OX prices increased. After the holiday, OX prices fell. Overall, the price of crude oil declined significantly, the downward pressure on the price of xylene increased. The downstream market for PA remained weak, while the cost of OX decreased, demand was weak, and the OX industry chain was weakened. It is expected that the price of OX will decline weakly in the future.

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