Price trend

On February 20th, the OX market in East China remained stable, with Sinopec East China quoting 8,000 RMB/ton, which remained stable for the time being; The market situation for OX in North China was temporarily stable, with Sinopec North China quoting 8,000 RMB/ton, which was temporarily stable; The market situation of OX in the Northeast region was temporarily stable, with PetroChina executing a quotation of 7,850 RMB/ton, and the quotation was temporarily stable; The market situation for OX in South China was temporarily stable, with Sinopec South China quoting 8,000 RMB/ton, which was temporarily stable. The market transaction price was stabilizing. The actual transaction price was mainly negotiated.

Analysis review

On February 20th, Sinopec listed the execution price of 8,000 RMB/ton for OX, with prices temporarily stable. The external quotation for OX fluctuated and increased; After the holiday, the price of mixed xylene increased, and the cost of OX increased; The downstream PA market was on the rise, the downstream plasticizer market was consolidating, and the purchases were mainly on demand. The transaction enthusiasm for OX was average, and the production of OX was temporarily stable. The supply of OX was stable, and the OX market was stabilizing. Overall, the upward momentum of the OX market still existed, and the downward pressure had weakened. The OX market was temporarily stable.

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