China’s domestic price trend of p-xylene was temporarily stable on August 5

On August 5, 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 5th day. Pengzhou Petrochemical Plant operated steadily in the field, 50% of Urumqi Petrochemical Plant started operation, one line of Fuhaichuang Aromatic Hydrocarbon Plant started operation, CNOOC Huizhou Refinery and Chemical Plant 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%. On August 2, the closing price of p-xylene in Asia dropped by 24 US dollars/ton. The closing price is 793-795 US dollars/ton FOB in Korea and 812-814 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. The price trend of p-xylene in the market is stable for the time being.

PVA 1788 (PVA BP17)

On August 2, the price of WTI crude oil futures rose to 55.66 U.S. dollars per barrel, an increase of 1.18 U.S. dollars. Brent crude oil futures rose to 61.89 U.S. dollars per barrel, an increase of 1.01 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 paraxylene Market is temporarily stable. 。 Recent textile industry volatility, PTA prices declined on the 5th day, the average price of East China is around 5250-5300 yuan/ton, the domestic PTA start-up rate is about 95%, polyester industry start-up rate is about 84%, downstream production and sales rate is lower, but PTA market price is slightly lower, and it is expected that PX market price will be maintained in the later period. Keep oscillating.

PVA 1799 (PVA BF17)