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 11th. Pengzhou Petrochemical Plant operated steadily in the field. Urumqi Petrochemical Plant started 50% of its operation, Fuhai Created Aromatic Hydrocarbon Plant started a line, CNOOC Huizhou Refinery and Chemical Plant overhauled, Hengli Petrochemical PX Plant put into operation, and other units operated 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 10, the closing price of p-xylene in Asia increased by 22 US dollars/ton. The closing price is 862-864 US dollars/ton FOB in Korea and 881-883 US dollars/ton CFR in China. More than 50% of the domestic units need to be imported. The rise of foreign prices has a positive impact on the domestic market price of p-xylene. The price trend of p-xylene in the market is stable.
On June 7, WTI crude oil futures market in the United States fell to 53.26 U.S. dollars per barrel in July, a decline of 0.73 U.S. dollars. Brent crude oil futures prices fell to 62.29 U.S. dollars per barrel in August, a decline of 1.00 U.S. dollars. crude oil prices declined, which lost some cost support for the price of downstream petrochemical products, and the price trend of paraxylene market was temporarily stable. Recently, the textile industry has been stabilizing, PTA price has been stabilizing for 11 days. The average offer price in East China is raised near 5500-5600 yuan/ton. As of 10 days, the domestic PTA start-up rate is about 91%, the polyester industry start-up rate is about 87%, and the downstream production and sales rate remains high. However, PTA market price shocks. It is expected that the price of PX market will be low in the later period.
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