On June 12, 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 12th. 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 temporarily. Due to the normal supply of p-xylene in the domestic market when the new unit was put into operation, p-dimethyl benzene was supplied normally. 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 11, the closing price of p-xylene in Asia declined by 3 US dollars per ton. The closing price was 859-861 US dollars per ton FOB in Korea and 878-880 US dollars per 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. The price trend of p-xylene in the market is temporarily stable.
|Azodicarbonamide (AC foaming Agent)|
On June 11, WTI crude oil futures market in July rose slightly to $53.27 per barrel, an increase of $0.01. Brent crude oil futures price in August was flat to $62.29 per barrel. The trend of crude oil price rose, which lost some cost support for the price of downstream petrochemical products and temporarily stabilized the price trend of paraxylene market. Recently, the textile industry has been stabilizing, PTA price has been stabilizing for 12 days. The average offer price in East China is raised near 5500-5600 yuan/ton. As of 11 days, the domestic PTA start-up rate is about 88%, the polyester industry start-up rate is about 87.5%, and the downstream production and sales rate remains high. However, PTA market price shocks, and PX Market price is expected to be low in the later period.