The price of OX rose to a new high after the festival
It can be seen from the trend chart of OX price of SunSirs that as of October 10, the price of OX was 9,600 RMB/ton, 600 RMB/ton higher than the price of OX on October 1 that was 9,000 RMB/ton, an increase of 6.67%. In October, the price of OX rose continuously, hitting a 15 year high. The supply shortage of OX remained. After the festival, the raw materials price of OX rose, and the price of OX rose to a new high.
The supply of OX was tight
In the international market, the price of OX in the external market rose by 30-90 US dollars/ton during the National Day, or nearly 10%. The main domestic ports of OX still had low inventories, and the supply of OX at ports was tight.
Raw material mixed xylene rose
It can be seen from the mixed xylene price trend chart of SunSirs that the mixed xylene price rose after the National Day. As of October 10, the price of mixed xylene was 8,400 RMB/ton, up 4.61% from the price of 8,030 RMB/ton on October 1. During the National Day, crude oil rose for five days, the cost of mixed xylene rose, and the price of mixed xylene rose sharply. The cost of OX rose, and the driving force for the rise of OX increased.
The price of PA hit a new high in 8 years
It can be seen from the price trend chart of PA of SunSirs that the domestic market price of PA made from OX continued to rise after the National Day holiday. As of October 10, the quotation of PA by OX process was 10,500 RMB/ton, rising by 1.94% three days after the festival, and the price of PA reached an eight year high. The downstream was favorable, and the rising power of OX was increased.
Market outlook
The analysts of OX data from SunSirs believe that the low starting level of OX enterprises remained after the festival, the supply of OX ports was in short supply, and the price of OX continued to rise after the festival; In terms of upstream and downstream of the industrial chain, after the festival, the price of raw material mixed xylene rose, and the cost of OX rose; The price of PA in the downstream reached a new high, and the demand for OX was good. In the future, the shortage of OX will remain. After the festival, the upstream and downstream of the industrial chain rose together. The demand for OX is expected to rise, and the price of OX is expected to rise in shock in the future.
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