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Home - News - Costs Rose and Upward Momentum for OX Increased in December

Costs Rose and Upward Momentum for OX Increased in December

January 7, 2022

The price of OX stopped falling in December

According to the OX price chart of SunSirs, the price of OX stopped falling in December and stabilized. As of December 31, the price of OX was 6,300 RMB/ton, down 4.55% from the price of 6,600 RMB/ton at the beginning of the month. After the holiday, the price of OX rose by 100 RMB/ton, an increase of 1.59%.

Raw material mixed xylene prices fluctuated and rose

According to the mixed xylene chart of SunSirs, the price of mixed xylene fluctuated and rose in December, and the price of mixed xylene stopped falling and rebounded. Affected by the increase in crude oil prices, the price of mixed xylene fluctuated upward. The cost of OX rose, and the upward momentum of OX increased.

Downstream PA prices rose

From the PA price chart of SunSirs, it can be seen that the price of PA stopped falling and rebounded in December. Since mid-December, the price of PA has fluctuated up slightly. As the market situation picked up, the demand for OX has risen, and the momentum of the rise of OX has increased.

Market outlook

In December, the price of OX stopped falling and stabilized, and the price of mixed xylene stopped falling and rebounded, the price of PA fluctuated and rose. Affected by the sharp rise in crude oil prices, the cost of OX rose, the price of PA fluctuated up, the downstream market was positive. The upward momentum of OX increased, and the price of OX has risen after the holiday. The price of OX is expected to fluctuate and rise in the future.