On March 19, the PX commodity index was 44.00, which was the same as yesterday, setting a new low in the cycle, 57.03% lower than the highest point of 102.40 on February 28, 2013. (Note: cycle refers to 2013-02-01 to now).
| EDTA |
According to statistics, the market price trend of p-xylene in China is temporarily stable, the operation of new 600000 ton plant in Hongrun is stable, the operation of petrochemical plant in Pengzhou is stable, 50% of petrochemical plant in Urumqi is started, one line of aromatics plant in Fuhai Chuang is started, CNOOC Huizhou refining and chemical plant is overhauled, the PX plant in Hengli Petrochemical is put into operation, other units are temporarily stable, and the operation rate of domestic p-xylene plant is stable In about 70%, the domestic market supply of p-xylene is normal, and the market price trend of p-xylene is stable. The operating rate of PX plant in Asia is about 80%. On March 18, the closing price of PX market in Asia dropped by 30 USD / ton, and the closing price was 523-525 USD / ton FOB South Korea and 543-545 USD / ton CFR China. More than 40% of PX in China needs to be imported. The sharp decline of external price has a certain negative impact on the domestic market price of PX, and the market price trend of PX is temporarily stable.
US crude oil prices fell $1.49 to $25.46/barrel, or 5.53%, earlier to $25.08, the lowest level since late April 2003. Brent crude oil fell 84 cents (about 3%) to close at $27.89 per barrel after falling to $27.56, the lowest level since the beginning of 2016. In recent years, the trend of crude oil price has declined significantly, while the trend of domestic p-xylene price has been temporarily stable.
| Melamine |
In terms of downstream PTA, the price has dropped sharply to the level of 3400-3500 yuan / ton in the near future. The price of PTA has reached a new low since the listing, while the price of crude oil above is slightly higher than the 2016 low, and PTA has been in an oversold state. In view of the overall poor demand at home and abroad, PTA large factories began to jointly overhaul to relieve the market inventory pressure. As of March 17, the operating rate of PTA unit has declined to 69.17%, mainly because Fuhai Chuang’s 4.5 million T / a PTA unit was overhauled for 10-15 days near March 12; Hengli Petrochemical line 3 2.2 million T / a PTA unit was overhauled for 2 weeks from March 12; xinfengming 2.2 million T / A unit was installed on March 17 and entered the half month of overhauling, but from the feedback of the panel, the effect is very little, and the trend of xylene price is temporarily stable.
In the near future, the crude oil price trend has declined, the downstream PTA market price has fallen sharply, and the downstream demand of the terminal has not improved significantly. Business analysts believe that PX market price may decline.
| EDTA 2Na |