China’s domestic price trend of p-xylene was temporarily stable on 29 July

On July 29, 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 29th. 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%. On July 26, the closing price of p-xylene in Asia increased by 7 US dollars/ton. The closing price is 822-824 US dollars/ton FOB in Korea and 831-833 US dollars/ton CFR in China. More than 50% of the domestic units need to be imported. The rising price of foreign units has a positive 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 26, the price of WTI crude oil futures rose to 56.20 U.S. dollars per barrel, an increase of 0.18 U.S. dollars. Brent crude oil futures rose to 63.46 U.S. dollars per barrel, an increase of 0.07 U.S. dollars. Crude oil prices rose, which has a cost supporting effect on the price of downstream petrochemical products. The price trend of paraxylene market is temporarily stable. 。 Recent textile industry market shocks, PTA price trend shocks on the 29th day, the average price in East China is around 5500-5600 yuan/ton, as of the 26th domestic PTA start-up rate is about 89%, polyester industry start-up rate is about 85%, downstream production and sales rate remains high, but PTA market prices are slightly lower, and PX market prices are expected to be in the later period. Maintain shock.