Summary of PX statistics in 2019

1、21.18%

 

According to the monitoring of the business agency, PX price dropped by 21.18% in 2019, 8500 yuan / ton at the beginning of the year, 6700 yuan / ton at the end of the year, and 21.18% in the whole year. In 2019, the lowest price of PX is 6600 yuan / ton on September 3, and the highest price is 9000 yuan / ton on March 12, with a maximum amplitude of 36.36%.

 

2. US $10 / ton

 

The profit of PX products in 2019 dropped sharply, with the annual profit of 10, the highest profit in April was 240 USD / T, the lowest profit in November was – 70 USD / T, but the annual average profit was about 10 USD / T, significantly lower than that in 2018, and the high profit was mainly concentrated in the period from January to April.

 

PVA 1799 (PVA BF17)

3. 20.365 million tons

 

In 2019, the domestic PX capacity will be up to 20.365 million tons. In 2019, the domestic refining and chemical plant in Hainan will increase by 1 million tons, the new capacity of Hongrun chemical will be 600000 tons, and the new capacity of Hengli petrochemical plant will be 4.5 million tons. The capacity of other units will not change, but the domestic production will only be about 15 million tons.

 

4. 70%

 

In 2019, the overall operation rate of PX in China will be about 7.30%, Fuhai will start an 800000 ton production line for 1.6 million ton plant, Urumqi petrochemical plant will start at 50%, Hainan refining and chemical plant phase II will be put into operation in October, Hengli Petrochemical will start a 2.25 million ton plant, and the overall operation rate of PX in China will be at a low level of 7.30%.

 

5、48%

 

PVA 1788 (PVA BP17)

In 2019, the domestic PX dependence on foreign countries dropped to 48%. According to the statistics, the total PX import in 2019 was about 14 million tons, the domestic output was about 15 million tons, and the dependence on foreign countries was still as high as 48%. However, 2019 was a year when the PX dependence on foreign countries declined.

 

6. 55.805 million tons

 

According to statistics, the total capacity of PX in Asia is 55.805 million tons, including 2011.5 million tons in China, 9.95 million tons in South Korea, 3.89 million tons in Japan, 5.68 million tons in India, and 70% of PX products from Japan and South Korea are exported to China.

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