OX market was stable
According to the data monitoring of SunSirs, the settlement price of OX in July was 6,200 RMB/ton, which was stable compared with the settlement price in June. As of July 13, Sinopec’s price of OX was 6,200 RMB/ton, which was stable compared to the price of 6,200 RMB/ton of OX at the beginning of the month. However, the market in the upstream and downstream of the industrial chain rose, and the market for OX picked up.
Raw material prices rebounded
According to data from SunSirs, mixed xylene prices fluctuated up in July, the prices of raw materials in the upstream of OX rose, the market of OX upstream industry chain recovered, and the momentum of the rise of OX market increased.
The downstream market of the industrial chain stopped falling and rebounded
According to the data test of SunSirs, the price of phthalic anhydride stopped falling and rebounded in July, the market of phthalic anhydride recovered and rose. The downstream market for OX picked up, the demand for OX rose, the demand for OX was just strong, and the momentum for the rise of OX increased.
The OX data analyst of SunSirs believes that in July, the prices of mixed xylene and phthalic anhydride in the upstream and downstream of the OX industry chain both rose, the market of the OX industry chain rose, and the market of OX recovered in July. In the future, the upward momentum of OX will increase, but due to the limited increase of mixed xylene and phthalic anhydride, the upward momentum of OX is limited, and the room for the rise of OX is limited. Generally speaking, the market outlook for OX is picking up, and the price of OX is strongly stable.