China’s domestic price trend of p-xylene was temporarily stable on August 6

On August 6, 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 6th, 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%. On August 5, the closing price of p-xylene in Asia dropped by 15 US dollars/ton. The closing price is 778-780 US dollars/ton FOB in Korea and 797-799 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.

On August 5, the price of WTI crude oil futures fell to 54.69 U.S. dollars per barrel, a decline of 0.97 U.S. dollars. Brent crude oil futures fell to 59.81 U.S. dollars per barrel, a decline of 2.08 U.S. dollars. Crude oil prices declined, which lost some cost support for the price of downstream petrochemical products. The price trend of p-xylene market is temporary. Steady. Recent textile industry volatility, PTA prices declined on the 6th day. The average price in East China was raised near 5200-5300 yuan/ton. By the 5th day, the domestic PTA start-up rate was about 95%, the polyester industry start-up rate was about 84%, and the downstream production and sales rate did not change much. However, PTA market prices were slightly lower. It is expected that PX market prices will be maintained in the later period. Keep oscillating.

PVA 1788 (PVA BP17)