On June 5, 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 1799 (PVA BF17)|
According to statistics, the domestic market price trend of p-xylene was temporarily stable on the 5th day. Pengzhou Petrochemical Plant operated steadily in the field. Urumqi Petrochemical Plant started 50% of its operation. Fuhai Aromatic Hydrocarbon Plant started one line. CNOOC Huizhou Refinery and Chemical Plant overhauled. Hengli Petrochemical PX Plant went into operation. Other units operated steadily for the time being. Because the new plant was put into operation, the domestic market for p-xylene was normally supplied. Benzene market price trend is temporarily stable. The start-up rate of PX plant in Asia is about 80%. On June 4, the market price of p-xylene in Asia dropped by 9 US dollars/ton. The closing price is 786-788 US dollars/ton FOB in Korea and 805-807 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 4, the price of WTI crude oil in July rose to 53.48 U.S. dollars per barrel, an increase of 0.23 U.S. dollars. Brent crude oil in August rose to 61.97 U.S. dollars per barrel, an increase of 0.69 U.S. dollars. Crude oil price volatility, the price of downstream petrochemical products lost a certain cost support role, and the price of paraxylene Market has temporarily stabilized. Recently, the textile industry has been stabilizing, PTA price has slightly declined on the 5th day. The average price in East China is raised near 5500-5600 yuan/ton. By the 4th 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.