On June 24, 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 24th. 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 21, the closing price of p-xylene in Asia increased by 11.5 US dollars/ton. The closing price is 806.5-808.5 US dollars/ton FOB in Korea and 825.5-827.5 US dollars/ton CFR in China. More than 50% of the domestic units need to be imported. The rising price of foreign units has a certain positive impact on the domestic market price of p-xylene. The price trend of p-xylene in Asia is temporarily stable.
| PVA 1799 (PVA BF17) |
On June 21, the price of WTI crude oil in August rose to 57.43 U.S. dollars per barrel, an increase of 0.36 U.S. dollars. Brent crude oil in August rose to 65.20 U.S. dollars per barrel, an increase of 0.75 U.S. dollars. Crude oil price trend rose, which has a cost supporting role for the price of downstream petrochemical products, while the price trend of paraxylene market is temporarily stable. Recently, the textile industry has been stabilizing, PTA price has been stabilizing for 24 days. The average offer price in East China is raised near 6000-6100 yuan/ton. As of the 21st day, the domestic PTA start-up rate is about 93.5%, the polyester industry start-up rate is about 88.9%, and the downstream production and sales rate remains high. However, PTA market price shocks, and PX market price is expected to be low in the later period.