On October 10, the PX commodity index was 54.40, unchanged from yesterday, down 46.88% from its peak of 102.40 points in the cycle (2013-02-28), and up 19.43% from its low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).
| Thiourea dioxide |
According to statistics, the domestic market price trend of p-xylene was temporarily stable on the 10th, Hongrun 600,000 tons new plant was running steadily, Pengzhou petrochemical plant was running steadily in the field, Urumqi petrochemical plant started 50%, Fuhaichuang aromatic hydrocarbon plant started a line, CNOOC Huizhou refining and chemical plant overhauled, Hengli Petrochemical PX plant was put into operation, and other units were running steadily for the time being, due to the introduction of new plant in China. The market supply of xylene is normal and the market price trend of p-xylene is temporarily stable. The opening rate of PX plant in Asia is about 80%. On October 9, the closing price of p-xylene in Asia increased by 4 US dollars/ton. The closing price is 784-786 US dollars/ton FOB in Korea and 804-806 US dollars/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, but the domestic market price trend is temporarily stable.
| Thiourea |
On October 9, the price of WTI crude oil futures market fell to 52.59 US dollars per barrel, a decline of 0.04 US dollars, Brent crude oil futures fell to 58.32 US dollars per barrel, a decline of 0.08 US dollars. In September, Saudi key crude oil production facilities were attacked, which once greatly pushed up the international oil price. At present, the attack has brought short-term fluctuations to the international oil price in general. Over the past few days, the international oil price has fallen back to the level before the attack. In the near future, oil prices are expected to maintain a volatile trend in the region. The decline in crude oil prices has a negative impact on downstream petrochemical products, but the price trend of paraxylene is stable. Recent textile industry volatility, PTA market start-up rate maintained high, PTA price trend shocks, the average price of East China in the vicinity of 5100-5200 yuan/ton, as of 9 domestic PTA start-up rate of about 93%, polyester industry start-up rate of about 90%, due to adequate PTA supply, trading atmosphere is general, mainly traders, sporadic polyester factories follow-up by crude oil prices. The price of downstream PTA market will remain low due to the shocks. It is expected that the price of PX market will remain 6,800 yuan/ton in the short term.
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