China’s domestic price trend of p-xylene was temporarily stable on 12 August

On August 12, 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 12th. 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%. The closing price of p-xylene market in Asia is temporarily stable on August 9. The closing price is US$771-773/ton FOB Korea and US$790-792/ton CFR China. More than 50% of the domestic units need to be imported. The low price of foreign units has a negative impact on the domestic market price of p-xylene. Xylene price trend is stable for the time being.

PVA 1799 (PVA BF17)

On August 9, the price of WTI crude oil futures rose to 54.50 U.S. dollars per barrel, an increase of 0.96 U.S. dollars. Brent crude oil futures rose to 58.53 U.S. dollars per barrel, an increase of 1.15 U.S. dollars. Crude oil prices rose, which provided some favorable support for downstream petrochemical products. The price trend of p-xylene market was temporarily stable. Recent textile industry market shocks, PTA price trend shocks 12 days, the average price in East China is around 5200-5300 yuan/ton, as of 9 days domestic PTA start-up rate is about 92.5%, polyester industry start-up rate is about 85%, downstream production and sales rate has not changed much, but PTA market price trend shocks, it is expected that PX market prices will be later. Maintain shock.

PVA 1788 (PVA BP17)