The price of OX dropped sharply in November

It can be seen from the trend chart of OX price of SunSirs that as of November 28, the price of OX was 8,500 RMB/ton, down 1,100 RMB/ton, or 11.46%, from 9,600 RMB/ton at the end of October 31 of last month. Both upstream and downstream of the OX industry chain fell, and the domestic market of OX fell.

In November, the market of raw material mixed xylene fell in shock

It can be seen from the mixed xylene price trend chart of SunSirs that the mixed xylene price fell in shock in November. As of November 28, the price of mixed xylene was 7,690 RMB/ton, down 6.56% from 8,230 RMB/ton on November 1. In November, the price of mixed xylene fell in shock, the cost of OX fell, and the pressure on OX to fall increased.

The downstream PA price continued to decline in November

It can be seen from the trend chart of PA price of SunSirs that the domestic PA price of OX method continued to decline sharply in November. As of November 28, the quotation of PA by OX method was 8,825 RMB/ton, down 8.90% from 9,687.50 RMB/ton on October 31. In November, the price of PA from OX method dropped sharply, the downstream demand was weak, and the downward pressure on OX increased.

Market outlook

Analysts of OX data from SunSirs believe that the OX manufacturers started work steadily in November and the supply of OX was sufficient. On the cost side, the price of mixed xylene dropped sharply and the cost of OX dropped; On the demand side, PA continued to decline, while the demand for OX remained weak. To sum up, the cost of OX decreased and the demand was sluggish, and the price of OX was expected to decline in the future.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.