According to the price trend chart of OX of SunSirs, the price of OX was 8,300 RMB/ton as of March 3, up 3.75% from the price of 8,000 RMB/ton on February 24. The market of OX industry chain rose, and the domestic OX market rose this week.
The market of raw material mixed xylene rose this week
It can be seen from the mixed xylene price trend chart of SunSirs that as of March 3, the price of mixed xylene was 7,480 RMB/ton, up 1.49% from the price of 7,370 RMB/ton on February 24. This week, crude oil prices rose in shock, naphtha prices rose, mixed xylene prices rose, cost support of OX was greater, and the momentum for the rise of OX was greater.
The downstream PA market rose this week
It can be seen from the price trend chart of PA of SunSirs that as of March 3, the price of OX method PA was 8,475 RMB/ton, up 1.80% from the price of 8,325 RMB/ton on February 24. Downstream demand recovered, and the market of OX method PA rose this week; However, the rise of PA was less than that of OX, and the support for the rise of OX was limited.
Market outlook
According to the analyst of OX data of SunSirs, the market of the upstream and downstream of the OX industry chain warmed up this week, the price of mixed xylene rose, and the price of PA rose in shock, but the growth of PA and mixed xylene was less than that of OX, and the support for the rise of OX was limited. The cost of OX rose, and the demand recovered. In the future, the price of OX is still strong. It is expected that the price of OX will stabilize in the future, but there will be a large increase in support.
