On August 26, 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).
| PVA FIBER |
According to statistics, the domestic market price trend of p-xylene was temporarily stable on the 26th. Pengzhou Petrochemical Plant operated steadily in the field. Urumqi Petrochemical Plant started 50% of its operation. Fuhai Creative Aromatic Hydrocarbon Plant started one 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%. On August 23, the closing price of p-xylene in Asia increased by 2 US dollars/ton. The closing price is 764-766 US dollars/ton FOB in Korea and 783-785 US dollars/ton CFR in China. More than 50% of the domestic units need to be imported. The fluctuation of foreign prices has a certain impact on the domestic market price of p-xylene. The price trend of domestic p-xylene is temporarily stable.
| PVA |
On August 23, WTI crude oil futures fell to $54.17 a barrel, or $1.18 a barrel, while Brent crude oil futures fell to $59.34 a barrel, or $0.58 a barrel. In a recent report issued by the Organization of Petroleum Exporting Countries (OPEC), the growth rate of global crude oil demand per day in 2019 is expected to be reduced from 1.5 million barrels to 1.1 million barrels. It is also expected that there will be a slight surplus in the oil market in 2020, and that the trend of crude oil prices will decline, which will have a negative impact on downstream petrochemical products and the market price of paraxylene. The trend of the latter is temporarily stable. Recently, the textile industry has slightly declined, PTA price has slightly declined on the 26th. The average price in East China is raised near 5100-5200 yuan/ton. As of the 23rd day, the domestic PTA start-up rate is about 94.5%, the polyester industry start-up rate is about 86.5%, and the PTA social stock is estimated to be about 1.4 million tons. Affected by the equipment shutdown and maintenance, the total price in August is about 1.4 million tons. The body maintains a small depot rhythm. PTA factory inventory accounts for about 30%, polyester factory raw material inventory accounts for about 28%, downstream polyester factory has space to continue to replenish. Towards the traditional sales season of “Gold, Nine, Silver and Ten” for textiles, downstream terminal enterprises may usher in the procurement cycle and demand side will improve. It is expected that the price of PX market will remain volatile in the short term.
| POLYVINYL ALCOHOL |