According to statistics, the domestic price of p-xylene has been stable since the end of June. Recently, the domestic price has been maintained at 7,000 yuan/ton. The price is not hot, mainly because of the joint influence of domestic and foreign factors.
| POLYVINYL ALCOHOL |
The market price trend of p-xylene is stable, the domestic factor PX start-up rate is more than 70%. Fuhaichuang Aromatic Hydrocarbon Unit starts a line. Pengzhou Petrochemical Unit runs steadily, Yangtze Petrochemical PX Unit runs normally, Jinling Petrochemical Unit runs smoothly, Qingdao Lidong Unit runs at full load, Qilu Petrochemical Unit runs steadily, Urumqi Stone Unit runs steadily. About 50% of the chemical plant started operation. The domestic Hengli Petrochemical plant with a capacity of 225,000 tons operated steadily. The domestic supply of p-xylene was normal, and the domestic market price trend was stable. The price of domestic PX products has a high degree of external reserve as high as 60%. The price of PX external market has a great influence on the price of domestic market. Recent price trends of external market are as follows:
The recent start-up rate of paraxylene plant in Asia is more than 70% and the supply of PX in Asia is normal. As can be seen from the above chart, the price trend of PX external market is shocking recently. The closing price of PX external market is 825-827 US dollars/ton FOB Korea and 844-846 US dollars/ton CFR China as of 31. More than 50% of domestic products need to be imported. The closing price trend of PX external market is shocking. Swing, domestic PX market prices are affected by the trend of temporary stability.
| PVA |
From the upstream raw materials:
Recent domestic crude oil price closing price shocks, as of 31 U.S. WTI crude oil futures market price was 58.58 U.S. dollars/barrel, Brent crude oil futures price was 65.17 U.S. dollars/barrel, July crude oil closing price shocks, have cost support for downstream petrochemical products, PX market price trend is stable. MX price of PX upstream raw material has been rising slightly in recent years, but the overall trend is not large. The rising price of PX upstream raw material has brought some favorable support to the price of PX market, and the price trend of domestic paraxylene market is stable.
As can be seen from the above chart, since mid-May, the production process using MX as raw material has no profit. As a whole, it seems that the profit as a whole is in the loss, which is much smaller than the previous profit.
From the downstream point of view:
| POLYVINYL ALCOHOL FIBER |
Recent downstream PTA market price trend has fallen sharply. By the end of the month, East China PTA market talks were around 5500-5600 yuan. The sharp decline in downstream PTA market price is undoubtedly the negative impact of the PX market. At the end of July, PTA plant start-up rate maintained about 84%, while downstream polyester plant start-up rate was about 84%, textile start-up rate in Jiangsu and Zhejiang was about 62%, downstream PTA and polyester products start-up rate decreased, PTA price trend declined, and PX market price maintained a weak shock.
Chen Ling, an analyst with business association PX, believes that the recent price fluctuation of crude oil, together with lower start-up of textile polyester in the lower reaches, normal domestic supply of p-xylene plant, and the PTA industry in the lower reaches have no obvious favorable support. It is expected that the price of PX market will remain low in the near future, and there will be little room for profit floating.