On April 3, the PX commodity index was 34.40, which was the same as yesterday, setting a new low in the cycle, 66.41% lower than the highest point of 102.40 on February 28, 2013. (Note: cycle refers to 2013-02-01 till now)
| PVA 1799 (PVA BF17) |
According to statistics, the market price trend of p-xylene in China is temporarily stable, the operation of new 600000 ton plant in Hongrun is stable, the operation of petrochemical plant in Pengzhou is stable, 50% of petrochemical plant in Urumqi is started, one line of aromatics plant in Fuhai Chuang is started, CNOOC Huizhou refining and chemical plant is overhauled, the PX plant in Hengli Petrochemical is put into operation, other units are temporarily stable, and the operation rate of domestic p-xylene plant is stable In about 70%, the domestic market supply of p-xylene is normal, and the domestic market price trend of p-xylene is stable temporarily. The operating rate of PX plant in Asia is about 80%. On April 2, the closing price of PX market in Asia increased by 19 US dollars / ton, and the closing price was 439-441 US dollars / ton FOB South Korea and 459-461 US dollars / ton CFR China. More than 40% of PX in China needs to be imported. Recently, driven by the rise of crude oil price, the external price of PX rose, while the market price trend of PX was stable.
As of the 2nd day, WTI crude oil futures market prices in the US rose sharply, with main contracts at 25.32 yuan / barrel, or 5.01 US dollars. Brent crude oil futures market price rose sharply, the main contract was 29.94 US dollars / barrel, up 5.20 US dollars. Due to the possibility of production reduction agreement between Russia and Russia, the crude oil price was supported to some extent, the international crude oil price closed up, and the domestic p-xylene price was supported and the trend was temporarily stable.
| PVA 1788 (PVA BP17) |
In terms of downstream PTA, the price of domestic PTA spot market rebounded slightly. As of April 3, the market average price was 3296.67 yuan / ton, and PTA price rebounded slightly in recent two days. Affected by the rise of crude oil price, the price of PTA Market in the downstream rebounded higher. In the near future, Fuzhou chemical industry and trade and BP Zhuhai were restarted, and the domestic PTA plant load increased by 7.06% to 82.53%. At present, the overall inventory pressure in the market is still large. Domestic polyester production fell to 80.73% and weaving industry production rate was 58.3%. The United States actively brokered oil price negotiations. Oil prices rose rapidly, PTA prices rose. At present, the load has returned to a higher level, inventory remains high, and polyester warehouses exist for 30-35 days. Affected by the decline of export orders, the inventory and capital pressure of textile enterprises rose, but PTA price rose due to the support of crude oil, while the domestic price trend of p-xylene was temporarily stable.
Recently, the crude oil price has risen, the downstream PTA market price rebounded, and the downstream demand of the terminal has not improved significantly. The business analysts believe that PX market price may maintain a low volatility trend.
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