On June 18, 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 1788 (PVA BP17) |
According to statistics, the domestic market price trend of p-xylene was temporarily stable on the 18th. Pengzhou Petrochemical Plant operated steadily in the field. Urumqi Petrochemical Plant started 50% of its operation, Fuhai Created Aromatic Hydrocarbon Plant started a line, CNOOC Huizhou Refinery and Chemical Plant overhauled, Hengli Petrochemical PX Plant put into operation, and other units operated steadily temporarily. Due to the normal supply of p-xylene in the domestic market when the new unit was put into operation, p-bis The price trend of toluene market is stable for the time being. The opening rate of PX plant in Asia is about 80%. On June 17, the closing price of p-xylene in Asia dropped by 13 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, and the price trend of p-xylene in the market is temporary stable.
On June 17, the futures market of WTI crude oil in July fell to 51.93 U.S. dollars per barrel, a decline of 0.58 U.S. dollars, and Brent crude oil in August fell to 60.94 U.S. dollars per barrel, a decline of 1.07 U.S. dollars. Crude oil prices declined, losing some cost support for the price of downstream petrochemical products, while the price of paraxylene market stabilized temporarily. Recently, the textile industry has stabilized temporarily, PTA price has increased slightly on the 18th. The average price of East China is raised near 5650-5800 yuan/ton. As of the 17th day, the domestic PTA start-up rate is about 88%, the polyester industry start-up rate is about 88%, and the downstream production and sales rate remains high. However, PTA market price shocks, and the price of PX market is expected to be low in the later period.
| PVA 1799 (PVA BF17) |