On June 10, the PX commodity index was 58.40, unchanged from yesterday, down 42.97% from its peak of 102.40 points in the cycle (2013-02-28), and up 28.21% from its low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).
According to statistics, the domestic market price trend of p-xylene was temporarily stable on the 10th, Pengzhou Petrochemical Plant was running steadily, Urumqi Petrochemical Plant was started 50%, Fuhaichuang Aromatic Hydrocarbon Plant was started one line, CNOOC Huizhou Refinery and Chemical Plant was overhauled, Hengli Petrochemical PX Plant was put into operation, and other units were running steadily for the time being. The price trend of toluene market is stable for the time being. The opening rate of PX plant in Asia is about 80%. On June 7, the closing price of p-xylene in Asia increased by 45 US dollars/ton. The closing price is 840-842 US dollars/ton FOB in Korea and 859-861 US dollars/ton CFR in China. More than 50% of the domestic units need to be imported. The rising price of foreign units has a positive impact on the domestic market price of p-xylene, and the price trend of p-xylene in the market is temporarily stable.
On June 7, the price of WTI crude oil in July rose to 53.99 U.S. dollars per barrel, an increase of 1.40 U.S. dollars. Brent crude oil in August rose to 63.29 U.S. dollars per barrel, an increase of 1.62 U.S. dollars. Crude oil price trend rose, which has a cost supporting role for the price of downstream petrochemical products. The price trend of paraxylene market is temporarily stable. Recently, the textile industry has been stabilizing, PTA price has been stabilizing for 10 days. The average offer price in East China is raised near 5500-5600 yuan/ton. By the end of the 5th day, the domestic PTA start-up rate is about 83%, the polyester industry start-up rate is about 87%, and the downstream production and sales rate remains high. However, PTA market price is slightly lower, and the price of PX market is expected to oscillate in the later period.