On July 29th, the PX Commodity Index was 61.00, which was the same as yesterday. It was 40.43% lower than the highest point in the cycle of 102.40 points (2013-02-28), which was 33.92% higher than the lowest point of 45.55 on February 15, 2016. (Note: Period refers to 2013-02-01 to date)
Recently, the domestic market price of para-xylene rose to 7687.5 yuan / ton, the equipment installation Pengzhou Petrochemical overhaul, Urumqi petrochemical plant started 50%, Tenglong aromatics plant has been in the parking, other devices temporarily stable, domestic p-xylene market supply is normal. The international PX installation rate is less than 70%. Sinopec’s PX settlement price in July rose 680 yuan/ton to 8140 yuan/ton. On July 27, the Asian p-xylene market closed price rose 15 US dollars/ton, and the closing price was 1030.5- 1032.5 US dollars / ton FOB Korea and 1049.5-1051.5 US dollars / ton CFR China, US WTI crude oil September futures market prices fell, reported 68.69 US dollars / barrel, a decrease of 0.92 US dollars, Brent crude oil September futures prices fell, reported 74.29 US dollars / barrel, a decline of $ 0.25. The downstream PTA market was affected by the delay in resumption of production, and the PTA supply was slightly tight or continued. By the end of the 27th, the domestic PTA operating rate was around 80%, the PTA price continued to rise, and the average price in East China was 6315 yuan/ton. From the near mention, coupled with the downstream production and sales maintained relatively high level of smooth operation, PTA is still in a balanced state of small de-stocking, it is expected that the PX market price will be slightly higher in the later period.