The PX commodity index on April 7 was 67.20, unchanged from yesterday, down 34.38% from the peak of 102.40 points in the cycle (2013-02-28), and up 47.53% from the low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).
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Recently, the domestic market price trend of p-xylene has been temporarily stable. Pengzhou Petrochemical Plant has been running steadily in the field. Urumqi Petrochemical Plant has started 50% of its operation. Fuhai Aromatic Hydrocarbon Plant has started a line. CNOOC Huizhou Refinery and Chemical Plant has been overhauled. Hengli Petrochemical PX Plant has been put into operation. Other units have been running steadily for the time being. Due to the increase of domestic market supply of p-xylene, the market for p-xylene has increased. Price trend is stable for the time being. The opening rate of PX plant in Asia is about 80%. On April 5, the closing price of p-xylene in Asia rose by US$1/ton. The closing price is US$1022-1022/ton FOB in Korea and US$1039-1041/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.
On April 5, the price of WTI crude oil in May rose to US$63.08 per barrel, an increase of US$0.98. The price of Brent crude oil in June rose to US$70.34 per barrel, an increase of US$0.94. The rising trend of crude oil price has a positive impact on the price of downstream petrochemical products, and the price trend of paraxylene market is temporarily stable. Recent textile industry volatility, PTA price trend rose on the 8th, the average price of East China bid in the vicinity of 6700-6850 yuan/ton, as of the 8th domestic PTA start-up rate is about 75%, polyester industry start-up rate is about 90%, downstream production and sales rate maintained high, but PTA market price changes little, it is expected that PX market prices will remain stable in the later period.