On June 4, the PX Commodity Index was 58.40, unchanged from yesterday, down 42.97% from its peak of 102.40 points in the cycle (2013-02-28), and up 28.21% from its low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).
| PVA FIBER |
According to statistics, the domestic market price trend of p-xylene was temporarily stable on the 4th, Pengzhou Petrochemical Plant was running steadily, Urumqi Petrochemical Plant was started 50%, Fuhaichuang Aromatic Hydrocarbon Plant was started one line, CNOOC Huizhou Refinery and Chemical Plant was overhauled, Hengli Petrochemical PX Plant was put into operation, and other units were running steadily for the time being. Benzene market price trend is temporarily stable. The operating rate of PX plant in Asia is about 80%. On June 3, the market price of p-xylene in Asia dropped by 39 US dollars/ton. The closing price is 795-797 US dollars/ton FOB in Korea and 814-816 US dollars/ton CFR in China. More than 50% of the domestic units need to be imported. The decline of foreign prices has a negative impact on the domestic market price of p-xylene. The price trend of p-xylene in the market is temporary stable.
| PVA 1788 (PVA BP17) |
On June 3, the price of WTI crude oil in July fell to 53.25 U.S. dollars per barrel, a decline of 0.25 U.S. dollars. Brent crude oil in August fell to 61.28 U.S. dollars per barrel, a decline of 0.71 U.S. dollars. Crude oil prices declined, which lost some cost support for the price of downstream petrochemical products, and the price trend of paraxylene market was temporarily stable. Recently, the textile industry has been stable, PTA price has slightly declined on the 4th day. The average price of East China has been raised near 5500-5600 yuan/ton. As of the 3rd day, the domestic PTA start-up rate is about 83.5%, the polyester industry start-up rate is about 86%, and the downstream production and sales rate remains high. However, the PTA market price is slightly lower, and the price of PX market is expected to oscillate at a low level.