OX price rose in July

According to the commodity market analysis system of SunSirs, as of July 28, the price of OX was 8,300 RMB/ton, up 2.47% from the price of OX at 8,100 RMB/ton on July 1 at the beginning of the month. The price of crude oil rose sharply, the price of mixed xylene in the upstream of OX rose, the price of PA in the downstream rose in shock, the price of OX in the upstream and downstream rose simultaneously, the price of OX in the industrial chain rose, and the price of OX stopped falling and rose in July.

The market for raw material mixed xylene rose in July

According to the market analysis system of mixed xylene products in SunSirs, as of July 28th, the price of mixed xylene was 8,090 RMB/ton, an increase of 10.22% compared to the price of mixed xylene at 7,340 RMB/ton on July 1st at the beginning of the month. In July, the price of crude oil rose sharply, the price of Naphtha and mixed xylene rose, the cost of raw materials rose, and the OX market had a strong upward momentum.

Downstream PA market rose strongly in July

From the PA market analysis system of SunSirs, as of July 28, the quotation of OX PA was 8,462.50 RMB/ton, up 9.90% from 7,700 RMB/ton on July 1 at the beginning of the month. The high price of industrial naphthalene, coupled with the short shutdown of PA unit, led to the volatile rise of PA price in July, which was driven by the demand for OX downstream. OX market had a strong upward momentum.

Market outlook

Analysts of OX data from SunSirs believe that the price of naphtha and mixed xylene rose, and the cost of OX raw materials rose due to the surge in crude oil; The PA unit stopped for a short time, the PA market rose, and the support for OX rising increased. The cost of O-Xylene has soared, the demand has risen, and the price of OX is expected to rise in the future.

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