On January 22, the PX commodity index was 68.80, unchanged from yesterday, down 32.81% from the peak of 102.40 points in the cycle (2013-02-28), and up 51.04% from the low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).
| PVA |
Recently, the domestic market price trend of p-xylene has been temporarily stable. Pengzhou Petrochemical Plant has been running steadily in the field. Urumqi Petrochemical Plant has started 50% of its operation. Fuhaichuang Aromatic Hydrocarbon Plant has been restarted. Other plants have been running steadily for the time being. The domestic market supply of p-xylene has increased, and the market price trend of p-xylene has been temporarily stable. The opening rate of PX plant in Asia rose to about 80%. On January 22, the closing price of p-xylene in Asia dropped by 7 US dollars per ton. The closing price was US$106 5-1067 per ton FOB in Korea and US$108 4-1086 per ton CFR in China. More than 50% of domestic imports were needed. The decline of foreign prices had a negative impact on the domestic market price of p-xylene, and the domestic market price maintained 8,600 yuan per ton.
On January 22, the price of WTI crude oil in March fell to 52.57 U.S. dollars per barrel, or 1.23 U.S. dollars. The price of Brent crude oil in March fell to 61.50 U.S. dollars per barrel, or 1.24 U.S. dollars. The price of crude oil slightly declined. The price support for downstream petrochemical products was limited, and the price trend of p-xylene Market was temporarily stable. Recent textile industry market is general, PTA price has risen sharply recently. The average price of offer in East China is raised near 6600-6800 yuan/ton. As of 22 days, domestic PTA start-up rate is about 81.5% and polyester industry start-up rate is about 80%. In addition, the market price of PTA has risen sharply. It is expected that the market price of PX will maintain 8600 yuan/ton in the later period.
| POLYVINYL ALCOHOL |