China’s domestic price trend of p-xylene was temporarily stable on July 23

On July 23, 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 23rd. 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 went into operation. Other units operated steadily temporarily because of 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%. On July 22, the closing price of p-xylene in Asia dropped by 3 US dollars/ton. 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 lower price of foreign units has a negative impact on the domestic market price of p-xylene. The price trend of p-xylene in the market is stable for the time being.

On July 22, the price of WTI crude oil futures rose to 56.22 U.S. dollars per barrel, an increase of 0.59 U.S. dollars. Brent crude oil futures rose to 63.26 U.S. dollars per barrel, an increase of 0.79 U.S. dollars. Crude oil prices rose, which has a certain cost support role for the price of downstream petrochemical products. The price trend of Brent crude oil futures is temporarily stable. 。 Recent textile industry volatility, PTA prices declined 23 days, the average price of East China is around 5900-6000 yuan/ton, the domestic PTA start-up rate is about 90%, polyester industry start-up rate is about 86%, 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.