The price of OX had increased this week

According to the Commodity Market Analysis System of SunSirs, as of January 5th, the price of OX was 7,800 RMB/ton, an increase of 200 RMB/ton or 2.63% compared to the price of OX on December 29th before the holiday, which was 7,600 RMB/ton. The price of xylene raw materials had increased, and the cost of OX increased; The price of PA fluctuated and rose, downstream demand rebounded, and the price of OX increased after the holiday.

Raw material xylene increased

According to the analysis system of xylene commodity market in SunSirs, as of January 5th, the price of xylene was 7,020 RMB/ton, an increase of 1.01% compared to the price of xylene on December 29th, which was 6,950 RMB/ton. After the holiday, the price of naphtha fluctuated and increased, the cost of xylene increased, the price of xylene increased, the cost of raw materials for OX increased, and the upward momentum of OX increased.

The market for downstream PA fluctuated and rose

According to the Commodity Market Analysis System of SunSirs, as of January 5th, the quotation for OX method PA was 7,687.50 RMB/ton, an increase of 0.33% compared to the price of PA on December 29th, which was 7,662.50 RMB/ton. After the holiday, the demand for PA remained stable, the price of PA increased, and the demand for OX increased.

Market outlook

According to analysts from SunSirs, the price of xylene had increased after the holiday, while the price of PA had fluctuated and risen, leading to a rebound in demand for OX due to rising costs. In the future, the trend of the OX industry chain is favorable, and it is expected that the price of OX will fluctuate and rise slightly.

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