China’s domestic price trend of p-xylene was temporarily stable on July 16

On July 16, 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 16th. Pengzhou Petrochemical Plant operated steadily in the field. Urumqi Petrochemical Plant started 50% of its operation. Fuhai Created Aromatic Hydrocarbon Plant started one line. CNOOC Huizhou Refinery and Chemical Plant overhauled. Hengli Petrochemical PX Unit went into operation. Other units operated steadily temporarily 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 units in Asia is about 80%. On July 15, the closing price of p-xylene in Asia dropped by 21 US dollars/ton. The closing price was 839-841 US dollars/ton FOB in Korea and 858-860 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.

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On July 15, the price of WTI crude oil futures fell to 59.58 US dollars per barrel, a decline of 0.63 US dollars. Brent crude oil futures fell to 66.48 US dollars per barrel, a decline of 0.24 US dollars. The trend of crude oil prices has declined, which has lost some cost support for the price of downstream petrochemical products. The price trend of paraxylene market is temporary. Steady. Recent textile industry volatility, PTA price trend slightly lower 16 days, the average price of East China in the vicinity of 6450-6600 yuan/ton self-raised, as of the 15th domestic PTA start-up rate is about 89%, polyester industry start-up rate is about 87%, downstream production and sales rate maintained high, but PTA market prices slightly lower, is expected to later PX market prices. Or will the shock be maintained.

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