China’s domestic price trend of p-xylene was temporarily stable on August 7

On August 7, 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 7th day. Pengzhou Petrochemical Plant operated steadily in the field, 50% of Urumqi Petrochemical Plant started construction, one line of Fuhaichuang Aromatic Hydrocarbon Plant started operation, CNOOC Huizhou Refinery and Chemical Plant overhauled, Hengli Petrochemical PX Plant put into operation, and other units operated 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 6, the closing price of p-xylene in Asia dropped by 3 US dollars/ton. The closing price is 775-777 US dollars/ton FOB Korea and 794-796 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 6, the price of WTI crude oil futures fell to 53.63 U.S. dollars per barrel, a decline of 1.06 U.S. dollars. Brent crude oil futures fell to 58.94 U.S. dollars per barrel, a decline of 0.87 U.S. dollars. Crude oil prices declined, which has lost some cost support for downstream petrochemical products prices. The price trend of paraxylene market is temporary. Steady. Recent textile industry volatility, PTA prices declined on the 7th day, the average price in East China was raised near 5100-5250 yuan/ton, the domestic PTA start-up rate was about 95% on the 6th day, the polyester industry start-up rate was about 85%, the downstream production and sales rate did not change much, but PTA market prices were slightly lower, and it is expected that PX market prices will be maintained in the later period. Keep oscillating.