Price trend
According to the data monitoring of SunSirs, the price of OX has skyrocketed after the holiday, and the domestic market of OX has risen. With the continuous recovery of the up and down market, the price of OX finally rebounded. As of February 8, Sinopec's price of OX was 5,000.00 RMB/ton, an increase of 300 RMB/ton from the price of 4,700 RMB ton at the beginning of the month (February 1), an increase of 6.38%.
Upstream market of the industrial chain
From the price trend chart of mixed xylene, it can be seen that after the Spring Festival, mixed xylene continued its pre-holiday rise, the price rose slightly, the cost of OX rose, and the momentum of the increase in OX e increased.
Downstream trend of the industrial chain
From the PA price chart, it can be seen that PA continued its pre-holiday growth after the holiday, and the price of PA fluctuated and rose. Since late January, the price of PA has risen, the demand for OX has recovered, the market for OX is good, and the price of OX has risen Increased motivation.
Market outlook
According to OX data analysts from SunSirs, international crude oil prices fluctuated and increased during the Spring Festival, which promoted the price increase in the downstream industry chain; During the Spring Festival, the U.S. crude oil production plummeted and demand increased due t the extreme cold weather. U.S. crude oil inventories were greatly reduced, and crude oil prices had a greater momentum. Affected by the rise in crude oil, mixed xylene had a greater upward momentum, which supported the rise of OX. In the downstream, the market for PA continued to rise, and the support for the OX market was obvious, and the momentum for the rise of OX was greater. In general, OX has a strong upward momentum, and the post-holiday price increase of OX has released the upward pressure. It is expected that the price of OX will be stable at high level temporarily in the future.
