China’s domestic price trend of p-xylene was temporarily stable on July 8

On July 8, the PX Commodity Index was 56.00, unchanged from yesterday, down 45.31% from its peak of 102.40 points in the cycle (2013-02-28), and up 22.94% 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 8th, 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 Unit was put into operation, and other units were running steadily for the time being due to the introduction of new units. Domestic market supply of p-xylene is normal, and market price trend of p-xylene is temporarily stable. The opening rate of PX plant in Asia is about 80%. The closing price of p-xylene market in Asia is temporarily stable on July 5. The closing price is 818-820 USD/ton FOB Korea and 837-839 USD/ton CFR China. More than 50% of the domestic units need to be imported. The fluctuation of foreign prices has a positive impact on the domestic market price of p-xylene. Xylene price trend is stable for the time being.

PVA 1799 (PVA BF17)

On July 5, the price of WTI crude oil futures rose to 57.51 U.S. dollars per barrel, an increase of 0.17 U.S. dollars. Brent crude oil futures rose to 64.23 U.S. dollars per barrel, an increase of 0.93 U.S. dollars. Crude oil prices rose, which has a cost supporting role for the price of downstream petrochemical products. The price trend of Brent crude oil futures is temporarily stable. 。 Recent textile industry volatility, PTA price trend temporarily stabilized on the 8th, the average price of East China bid in the vicinity of 6700-6800 yuan/ton, as of the 5th day domestic PTA start-up rate of about 78%, polyester industry start-up rate of about 99%, downstream production and sales rate maintained high, but PTA market price shocks, it is expected that the later PX Market prices will remain shocks. Swing.