On April 9, the PX commodity index was 67.20, unchanged from yesterday, down 34.38% from the peak of 102.40 points in the cycle (2013-02-28), and up 47.53% from the low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).
| PVA 1788 (PVA BP17) |
Recently, the domestic market price trend of p-xylene has been temporarily stable. Pengzhou Petrochemical Plant has been running steadily in the field. Urumqi Petrochemical Plant has started 50% of its operation. Fuhai Aromatic Hydrocarbon Plant has started a line. CNOOC Huizhou Refinery and Chemical Plant has been overhauled. Hengli Petrochemical PX Plant has been put into operation. Other units have been running steadily for the time being. Due to the increase of domestic market supply of p-xylene, the market for p-xylene has increased. Price trend is stable for the time being. The opening rate of PX plant in Asia is about 80%. On April 9, the closing price of p-xylene in Asia increased by 3 US dollars/ton. The closing price is US$1036-1038/ton FOB in Korea and US$1055-1057/ton CFR in China. More than 50% of the domestic units need to be imported. The rise of foreign prices has a positive impact on the domestic market price of p-xylene. The price trend of p-xylene in the market is temporarily stable.
On April 9, the price of WTI crude oil in May fell to $63.98 per barrel, a decline of $0.42. Brent crude oil in June fell to $70.61 per barrel, a decline of $0.49. The fluctuation of crude oil price has supported the price of downstream petrochemical products, while the price of p-xylene market has temporarily stabilized. Recent textile industry market shocks, PTA price trend shocks on the 10th day, the average price of East China bid is around 6850-7000 yuan/ton, the domestic PTA start-up rate is about 80%, polyester industry start-up rate is about 90%, downstream production and sales rate remains high, but PTA market price changes little, it is expected that PX market prices will remain stable in the later period.
| PVA 1799 (PVA BF17) |