Price trend

On November 2nd, the OX market in East China remained temporarily stable, with Sinopec East China quoting 8,000 RMB/ton, indicating a trend towards stability; The OX market in North China was temporarily stable, with Sinopec North China quoting 8,000 RMB/ton, and the quotation was stabilizing; The market situation of OX in the Northeast region was temporarily stable, with PetroChina implementing a quotation of 7,850 RMB/ton, and the quotation was stabilizing; The OX market in South China was temporarily stable, with Sinopec South China quoting 8,000 RMB/ton, indicating a trend towards stability. The market transaction price was stabilizing. The actual transaction price was mainly negotiated.

Analysis review

On November 2nd, the execution price of Sinopec for neighboring benzene was 8,000 RMB/ton, and the price remained temporarily stable. The external quotation for OX fluctuated and fell; The price of mixed xylene fluctuated and decreased, while the cost of OX decreased; The downstream PA market continued to decline, while the downstream plasticizer market fluctuated and fell. The demand was mainly in demand, and the enthusiasm for transaction of OX was average. The starting point of OX was low, and the inventory of OX ports was low. The supply of OX was temporarily stable, and the OX market was weak and declining.

Market outlook

The overall upward momentum of the OX market has weakened, and downward pressure still exists. In the future, the OX market will be weak and stable.

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