On March 24, the PX commodity index was 72.00, unchanged from yesterday, down 29.69% from the peak of 102.40 points in the cycle (2013-02-28), and up 58.07% from the low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).
| PVA 1799 (PVA BF17) |
Recently, the domestic market price trend of p-xylene has been temporarily stable. Pengzhou Petrochemical Plant has been running steadily. Urumqi Petrochemical Plant has started 50% of its operation. Fuhaichuang Aromatic Hydrocarbon Plant has started a line. CNOOC Huizhou Refinery and Chemical Plant has been overhauled. 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 about 80%. On March 22, the closing price of p-xylene in Asia dropped by 12 US dollars per ton. The closing price was US$1027-1029 per ton FOB in Korea and US$1046-1048 per ton CFR in China. More than 50% of the domestic units need to be imported. The decline of foreign prices has a positive and negative impact on the domestic market price of p-xylene, and the price of p-xylene in the market fluctuates.
On March 22, the price of WTI crude oil in May fell to 59.04 US dollars per barrel, a drop of 0.94 US dollars. Brent crude oil in May fell to 67.03 US dollars per barrel, a drop of 0.83 US dollars. The fluctuation of crude oil price has little impact on the price of downstream petrochemical products, and the price of xylene Market is stable temporarily. Recent textile industry volatility, PTA price trend temporarily stabilized 25 days, the average price of East China bid in the vicinity of 6500-6650 yuan/ton, as of 25 days domestic PTA start-up rate is about 84%, polyester industry start-up rate is about 80%, downstream production and sales rate has risen, but PTA market prices rose slightly, it is expected that PX market prices will remain volatile in the later period.
| PVA 1788 (PVA BP17) |