On June 5, the PX commodity index was 58.40, unchanged from yesterday, down 42.97% from its peak of 102.40 points in the cycle (2013-02-28), and up 28.21% from its low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).

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. Urumqi Petrochemical Plant started 50% of its operation. Fuhai Aromatic Hydrocarbon Plant started one line. CNOOC Huizhou Refinery and Chemical Plant overhauled. Hengli Petrochemical PX Plant went into operation. Other units operated steadily for the time being. Because the new plant was put into operation, the domestic market for p-xylene was normally supplied. Benzene market price trend is temporarily stable. The start-up rate of PX plant in Asia is about 80%. On June 4, the market price of p-xylene in Asia dropped by 9 US dollars/ton. The closing price is 786-788 US dollars/ton FOB in Korea and 805-807 US dollars/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 temporary stable.

On June 4, the price of WTI crude oil in July rose to 53.48 U.S. dollars per barrel, an increase of 0.23 U.S. dollars. Brent crude oil in August rose to 61.97 U.S. dollars per barrel, an increase of 0.69 U.S. dollars. Crude oil price volatility, the price of downstream petrochemical products lost a certain cost support role, and the price of paraxylene Market has temporarily stabilized. Recently, the textile industry has been stabilizing, PTA price has slightly declined on the 5th day. The average price in East China is raised near 5500-5600 yuan/ton. By the 4th day, the domestic PTA start-up rate is about 83.5%, the polyester industry start-up rate is about 86%, and the downstream production and sales rate remains high. However, the PTA market price is slightly lower, and the price of PX market is expected to oscillate at a low level.

On June 4, the PX Commodity Index was 58.40, unchanged from yesterday, down 42.97% from its peak of 102.40 points in the cycle (2013-02-28), and up 28.21% from its low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).

According to statistics, the domestic market price trend of p-xylene was temporarily stable on the 4th, Pengzhou Petrochemical Plant was running steadily, Urumqi Petrochemical Plant was started 50%, Fuhaichuang Aromatic Hydrocarbon Plant was started one line, CNOOC Huizhou Refinery and Chemical Plant was overhauled, Hengli Petrochemical PX Plant was put into operation, and other units were running steadily for the time being. Benzene market price trend is temporarily stable. The operating rate of PX plant in Asia is about 80%. On June 3, the market price of p-xylene in Asia dropped by 39 US dollars/ton. The closing price is 795-797 US dollars/ton FOB in Korea and 814-816 US dollars/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 temporary stable.

On June 3, the price of WTI crude oil in July fell to 53.25 U.S. dollars per barrel, a decline of 0.25 U.S. dollars. Brent crude oil in August fell to 61.28 U.S. dollars per barrel, a decline of 0.71 U.S. dollars. Crude oil prices declined, which lost some cost support for the price of downstream petrochemical products, and the price trend of paraxylene market was temporarily stable. Recently, the textile industry has been stable, PTA price has slightly declined on the 4th day. The average price of East China has been raised near 5500-5600 yuan/ton. As of the 3rd day, the domestic PTA start-up rate is about 83.5%, the polyester industry start-up rate is about 86%, and the downstream production and sales rate remains high. However, the PTA market price is slightly lower, and the price of PX market is expected to oscillate at a low level.

On June 2, the fluorite commodity index was 103.95, unchanged from yesterday, down 18.46% from the peak of 127.49 points in the cycle (2019-01-03), and up 111.24% from the low of 49.21 points on December 18, 2016. (Note: Period refers to 2011-09-01 to date)

According to statistics, the domestic fluorite price trend is rising, the average domestic fluorite price is 2968.75 yuan/ton as of the 3rd day. Recently, the domestic fluorite plant started normally, the mine and flotation plant started normally, the supply of fluorite in the field is slightly tight, and the price of hydrofluoric acid in the downstream is rising recently. For the fluorite market, the price of fluorite market is rising on demand. Recent downstream installation start-up situation is general, fluorite spot supply is normal, terminal downstream pick-up situation improved, resulting in rising market price trend. As of the 3rd day, the price of 97 fluorite wet powder in Inner Mongolia is 2700-3000 yuan/ton, the mainstream of 97 fluorite wet powder in Fujian is 2800-3100 yuan/ton, the price of 97 fluorite wet powder in Henan is 2700-3100 yuan/ton, and the price of 97 fluorite wet powder in Jiangxi is 2800-3200 yuan/ton. The price trend of fluorite is rising.

The price trend of hydrofluoric acid Market in downstream fluorite is rising. The domestic market price of hydrofluoric acid is 11550 yuan/ton as of the 3rd day. The price fluctuation of hydrofluoric acid market has a certain positive impact on the upstream fluorite market. However, the recent start-up of hydrofluoric acid plant is general. The demand for fluorite is weakening and the price fluctuation of fluorite is running. Recent downstream refrigerant product installations started at a low level, the upstream fluorite and hydrofluoric acid demand is general, the recent downstream refrigerant trading market is general, hydrofluoric acid product price trend is stable. Recent downstream refrigerant market transactions are cool, R22 refrigerant facility starts at 60%, R22 market facility start-up rate is temporarily stable, the main manufacturer of bulk water factory offer price is 18500-19500 yuan/ton, but the manufacturer does not have bulk water spot, mainly a small number of cylinders shipment. In addition, the actual demand side of the market has not changed much, and the delivery quotation is general. Domestic market price trend of R134a shocks, production enterprises equipment start-up rate remains low, refrigerant market demand is general, manufacturers mainly export. But the price of on-site transactions does not change much. Businessmen buy on demand. Generally speaking, the downstream industry is in a general market. In addition, the fluorite market supply is normal and the price of fluorite is rising. Chen Ling, an analyst of business associations, believes that the price of fluorite market may rise slightly.

Price Trend

According to the data from a large number of business associations, toluene prices in China showed a downward trend in May. In early May, the price of toluene was stable, and began to oscillate in the first half of the year. In the second half of May, the price of toluene continued to decline. At the beginning of the month, the average price of enterprises was the highest, 5412 yuan/ton; at the end of the month, it was the lowest, 5106 yuan/ton, with a monthly decline of 5.66%.

II. Analytical Review

1. Products: Toluene market prices fell in the early period of this month, and continued to decline at the end of the month after the mid-term adjustment. At present, the mainstream turnover in the market is around 5080-5100 yuan/ton. The port stock in East China is about 514,000 tons, which is about 17,600 tons compared with 69,000 tons at the beginning of the month. Spring inspection of domestic toluene factories has been completed, parking devices have been started, and the market supply has increased. Some downstream units of toluene were put into operation in July, and it is expected that demand side will restrict the rise of toluene price in June.

2. Industry chain: In the upstream, the international oil price first stabilized and then fell in May. The OPEC production reduction and geographic situation were the main positive factors in the early and mid-term. The downward trend of the US stock market and the unexpected decline of the US crude oil inventory led to a sharp drop in the international oil price in the latter half of the year. On the downstream side, the price trend of domestic paraxylene market declined in May, with a monthly decline of about 2.61%. New PX devices were not started, and the enthusiasm of stockpiling was not high, which caused a certain blow to the market mentality, mainly just in need of purchasing, with a strong wait-and-see atmosphere. In May, the TDI market also showed a downward trend, with a monthly decline of about 25.67%. There was no volume drop, and the middlemen lacked the opportunity to ship. At the end of the month, the number of inquiries just increased, which is difficult to form a strong support for the industry at present. Demand is constrained by the rise in toluene Market prices.

3. Future Market Forecast

Analysts of toluene in the branch of Business Society and Chemical Industry believe that overall, the holders are still optimistic about June because of the bullish support of crude oil and the driving of downstream PX devices. The market is mainly concerned about the driving of Sinochem Hongrun PX devices. However, at present, other major downstream purchasing intentions are general, the buying atmosphere is insufficient, stocks remain high, the market is in a stalemate stage, and toluene may fall first in June. Later up, but the range is small.

On May 29, the PX commodity index was 60.00, unchanged from yesterday, down 41.41% from its peak of 102.40 points in the cycle (2013-02-28), and up 31.72% from its low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).

According to statistics, the domestic market price trend of p-xylene was temporarily stable on the 30th day. Pengzhou Petrochemical Unit operated steadily in the field. Urumqi Petrochemical Unit started 50% of the operation, Fuhai Created Aromatic Hydrocarbon Unit started one line, CNOOC Huizhou Refinery and Chemical Unit overhauled, Hengli Petrochemical PX Unit put into operation, and other units operated steadily temporarily. As the new units put into operation, the domestic market for p-xylene was normally supplied, p-bis. The price trend of toluene market is stable for the time being. The operating rate of PX plant in Asia is about 80%. On May 29, the market price of p-xylene in Asia increased by 11 US dollars per ton. The closing price is 858-860 US dollars per ton FOB in Korea and 877-879 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 market price trend of p-xylene in Asia is temporarily stable.

On May 29, the price of WTI crude oil in July fell to 58.81 U.S. dollars per barrel, a decline of 0.33 U.S. dollars. Brent crude oil in July fell to 69.45 U.S. dollars per barrel, a decline of 0.66 U.S. dollars. crude oil prices declined slightly, losing some cost support for the price of downstream petrochemical products, and the price of paraxylene Market stabilized temporarily. Recently, the textile industry has been stabilizing, PTA price has slightly declined on the 30th day. The average price in East China is raised near 5600-5700 yuan/ton. As of the 29th day, the domestic PTA start-up rate is about 83.5%, the polyester industry start-up rate is about 86.5%, and the downstream production and sales rate remains high. However, PTA market price is slightly lower, and the price of PX market is expected to be slightly lower in the later period.