China’s domestic price trend of p-xylene was temporarily stable on July 18

On July 18, 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).

According to statistics, the domestic market price trend of p-xylene was temporarily stable on the 18th. Pengzhou Petrochemical Unit operated steadily in the field. Urumqi Petrochemical Unit started 50% of the operation, Fuhai Created Aromatic Hydrocarbon Unit started a line, CNOOC Huizhou Refinery and Chemical Unit overhauled, Hengli Petrochemical PX Unit put into operation, and other units operated steadily temporarily 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 17. The closing price is 823-825 US dollars/ton FOB in Korea and 842-844 US dollars/ton CFR in China. More than 50% of the domestic units need to be imported. The fluctuation of foreign prices has a negative impact on the domestic market price of p-xylene. Xylene price trend is stable for the time being.

On July 17, the price of WTI crude oil futures fell to 56.78 US dollars per barrel, a decline of 0.84 US dollars. Brent crude oil futures fell to 63.66 US dollars per barrel, a decline of 0.69 US dollars. The trend of crude oil price declined, which has lost some cost support to the price of downstream petrochemical products. The price trend of paraxylene market is temporary. Steady. Recent textile industry volatility, PTA price trend temporarily stabilized on the 18th, the average price of East China bid in the vicinity of 6450-6600 yuan/ton, as of the 17th day domestic PTA start-up rate is about 89%, polyester industry start-up rate is about 87%, downstream production and sales rate maintained high, but PTA market prices slightly lower, it is expected that PX market prices will be later. Maintain shock.