@slightlyoff so I used the word the chemist used. Actually he clarified that Oxygen is "paramagnetic"
https://en.wikipedia.org/wiki/Paramagnetism. I don't think ferrous would apply here as I believe that means iron-bearing (which is obviously not the case with a test-tube full of liquid oxygen)? The demonstration consisted of showing how a test-tube full of LOX, hanging from a string, was attracted by a powerful magnet, whereas liquid nitrogen was not. I have now exhausted my chemistry knowledge.