On January 10, the PX commodity index was 64.80, which was the same as yesterday. It was 36.72% lower than the peak of 102.40 points in the cycle (2013-02-28), and 42.26% higher than the low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).
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Recently, the domestic market price trend of p-xylene has been temporarily stable. Pengzhou Petrochemical Unit has been running steadily. Urumqi Petrochemical Unit has started 50% of its operation. Fuhaichuang Aromatic Hydrocarbon Unit has been in shutdown. Other units have been running steadily for the time being. The domestic market supply of p-xylene is normal. The market price trend of p-xylene is temporarily stable. The opening rate of PX plant in Asia is less than 70%. The closing price of PX plant in Asia increased by 16 US dollars per ton on January 10. The closing price was US$1038-1040 per ton FOB in Korea and US$1058-1060 per ton CFR in China. More than 50% of PX plant in China need to be imported. The rise of foreign price has a positive impact on domestic market price of paraxylene, and the intra-site price maintained 8,100 yuan per ton.
On January 10, the price of WTI crude oil in February rose to 52.59 U.S. dollars per barrel, an increase of 0.23 U.S. dollars. Brent crude oil in March rose to 61.68 U.S. dollars per barrel, an increase of 0.24 U.S. dollars. Crude oil closing price rose slightly, which supported the price of downstream petrochemical products. The price trend of paraxylene market was temporarily stable. Recent textile industry prices have risen, downstream PTA market prices have risen slightly, PTA prices have recently risen slightly. The average offer price in East China is raised near 6400-6600 yuan/ton. As of the 10th day, domestic PTA start-up rate is about 77%, polyester industry start-up rate is about 82%. In addition, the market price of upstream production and marketing is generally lower, PTA market price is expected to rise slightly in the later period.
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