On July 5, the PX commodity index was 56.00, unchanged from yesterday, down 45.31% from its peak of 102.40 points in the cycle (2013-02-28), and up 22.94% from its low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).
| Thiourea |
According to statistics, the domestic market price trend of p-xylene was temporarily stable on the 5th day. Pengzhou Petrochemical Plant operated steadily in the field, 50% of Urumqi Petrochemical Plant started operation, one line of Fuhaichuang Aromatic Hydrocarbon Plant started operation, CNOOC Huizhou Refinery and Chemical Plant overhauled, Hengli Petrochemical PX Unit put into operation, and other units operated steadily temporarily due to the introduction of new units. Domestic market supply of p-xylene is normal, and market price trend of p-xylene is temporarily stable. The opening rate of PX plant in Asia is about 80%. On July 4, the closing price of p-xylene in Asia dropped by 10 US dollars per ton. The closing price is 818-820 US dollars per ton FOB in Korea and 837-839 US dollars per ton CFR in China. More than 50% of the domestic units need to be imported. The decline of foreign prices has a negative impact on the domestic market price of p-xylene. The price trend of p-xylene in the market is stable for the time being.
| Thiourea dioxide |
WTI crude oil futures closed on July 4. Brent crude oil futures prices fell in August to $63.30 per barrel, a decline of $0.52. Crude oil prices declined, losing some cost support for downstream petrochemical products prices, while xylene market prices temporarily stabilized. Recent textile industry prices have fallen, PTA prices have declined on the 5th day. The average offer price in East China is raised near 6700-6800 yuan/ton. By the 4th day, the domestic PTA start-up rate is about 99%, the polyester industry start-up rate is about 90%, and the downstream production and sales rate remains high. However, PTA market prices have declined, and it is expected that the price of PX market will remain earthquake in the later period.