On April 28, the PX commodity index was 67.20, unchanged from yesterday, down 34.38% from the peak of 102.40 points in the cycle (2013-02-28), and up 47.53% from the low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).

Domestic market price trend of p-xylene fell sharply on the 29th. Pengzhou Petrochemical Plant operated steadily in the field. Urumqi Petrochemical Plant started 50% of its operation. Fuhai Created an aromatic hydrocarbon plant started one line. CNOOC Huizhou Refinery and Chemical Plant overhauled and Hengli Petrochemical PX Plant put into operation. Other units operated steadily temporarily. As the new plant put into operation, domestic market supply of p-xylene increased and p-xylene increased. Market prices have fallen sharply. The opening rate of PX plant in Asia is about 80%. On April 26, the market of p-xylene in Asia rose by 2 US dollars/ton. The closing price was 930-932 US dollars/ton FOB in Korea and 949-951 US dollars/ton CFR in China. More than 50% of the domestic units need to be imported. The low price of foreign units has a negative effect on the domestic market price of p-xylene, and the price trend of p-xylene in the market declined sharply.

On April 26, the price of WTI crude oil in June fell to $63.30 per barrel, a decline of $1.91. Brent crude oil in July fell to $72.15 per barrel, a decline of $2.20. The price of crude oil declined, losing some cost support for the price of downstream petrochemical products, and the price of paraxylene declined. Recent textile industry volatility, PTA price trend shocks 29 days, the average price of East China bid in the vicinity of 6750-6850 yuan/ton, as of 28 days domestic PTA start-up rate is about 78%, polyester industry start-up rate is about 91%, downstream production and sales rate maintained high, but PTA market price changes little, the PX market price is expected to be lower in the later period.