On January 8, the PX commodity index was 64.80, which was the same as yesterday. It was 36.72% lower than the peak of 102.40 points in the cycle (2013-02-28), and 42.26% higher than the low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).
| Thiourea dioxide |
Recently, the domestic market price trend of p-xylene has been temporarily stable. Pengzhou Petrochemical Unit has been running steadily. Urumqi Petrochemical Unit has started 50% of its operation. Fuhaichuang Aromatic Hydrocarbon Unit has been in shutdown. Other units have been running steadily for the time being. The domestic market supply of p-xylene is normal. The market price trend of p-xylene is temporarily stable. The opening rate of PX plant in Asia is less than 70%. On Jan. 8, the closing price of PX plant in Asia increased by 9 US dollars/ton. The closing price was 984-986 US dollars/ton FOB in Korea and 1004-1006 US dollars/ton CFR in China. More than 50% of PX plant in China needed to be imported. The rise of foreign price has a positive impact on domestic market price of paraxylene, and the intra-site price maintained 8,100 RMB/ton.
On January 8, the price of WTI crude oil in February rose to $49.78 per barrel, an increase of $1.26. Brent crude oil in March rose to $58.72 per barrel, an increase of $1.39. The closing price of crude oil rose slightly, which supported the price of downstream petrochemical products. The price trend of paraxylene market was temporarily stable. Recent textile industry prices have risen, downstream PTA market prices have risen slightly, PTA prices have recently risen slightly. The average offer price in East China is raised near 6300-6400 yuan/ton. As of the 8th day, domestic PTA start-up rate is about 75%, polyester industry start-up rate is about 84%. In addition, the upstream production and marketing market is general, PTA market prices have declined, and the price of PX market is expected to remain volatile in the later period.
| Thiourea |