The PX commodity index was 64.80 on January 15, unchanged from yesterday, down 36.72% from the peak of 102.40 points in the cycle (2013-02-28), and up 42.26% from 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 rising. Pengzhou Petrochemical Unit has been running steadily, Urumqi Petrochemical Unit has started 50% and Fuhaichuang Aromatic Hydrocarbon Unit has been restarted. Other units have been running steadily for the time being. The domestic market supply of p-xylene has increased, and the market price trend of p-xylene has been stable for the time being. The opening rate of PX plant in Asia is less than 70%. The closing price of PX plant in Asia increased by 4 US dollars/ton on Jan. 15. The closing price was US$1055-1057/ton FOB in Korea and US$1075-1077/ton CFR in China. More than 50% of PX plant in China needed to be imported. The rise of foreign price has a positive effect on domestic market price of paraxylene. The price in Asia increased by 500 yuan/ton to 8600 yuan/ton.
On January 15, the price of WTI crude oil in February rose to 52.11 U.S. dollars per barrel, an increase of 1.60 U.S. dollars. Brent crude oil in March rose to 60.64 U.S. dollars per barrel, an increase of 1.65 U.S. dollars. The closing price of crude oil rose slightly, which supported the price of downstream petrochemical products and increased the price of paraxylene market. Recently, the textile industry has gone up, PTA prices have risen slightly in the near future. The average offer price in East China is raised near 6400-6600 yuan/ton. As of the 15th day, the domestic PTA start-up rate is about 72%, the polyester industry start-up rate is about 82%. In addition, the market price of PTA is generally volatile. It is expected that the price of PX market will maintain 8600 yuan/ton in the later period.
| Thiourea |