On January 9, the PX commodity index was 64.80, unchanged from yesterday, down 36.72% from the peak of 102.40 points in the cycle (2013-02-28), and up 42.26% from the low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).

Recently, the domestic market price trend of p-xylene has been temporarily stable. Pengzhou Petrochemical Unit has been running steadily. Urumqi Petrochemical Unit has started 50% of its operation. Fuhaichuang Aromatic Hydrocarbon Unit has been in shutdown. Other units have been running steadily for the time being. The domestic market supply of p-xylene is normal. The market price trend of p-xylene is temporarily stable. The opening rate of PX plant in Asia is less than 70%. The closing price of PX plant in Asia increased by 38 US dollars/ton on Jan. 9. The closing price was US$1022-1024/ton FOB in Korea and US$1042-1044/ton CFR in China. More than 50% of PX plant in China needed to be imported. The rise of foreign price has a positive impact on domestic market price of paraxylene, and the intra-site price maintained 8,100 yuan/ton.

On January 9, the price of WTI crude oil in February rose sharply to $52.36 per barrel, an increase of $2.58. The price of Brent crude oil in March rose to $61.44 per barrel, an increase of $2.72. The closing price of crude oil rose slightly, which supported the price of downstream petrochemical products, while the price of paraxylene was stable temporarily. Recently, the textile industry has risen, downstream PTA market has risen, PTA price has recently risen slightly. The average price of offer in East China is raised near 6400-6500 yuan/ton. As of the 9th day, domestic PTA start-up rate is about 75%, polyester industry start-up rate is about 84%. In addition, the upstream production and marketing market is general, PTA market price is declining, and the price of PX market is expected to rise slightly in the later period.