On March 10, the PX commodity index was 72.00, unchanged from yesterday, down 29.69% from the peak of 102.40 points in the cycle (2013-02-28), and up 58.07% 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 Plant has been running steadily. Urumqi Petrochemical Plant has started 50% of its operation. Fuhaichuang Aromatic Hydrocarbon Plant has started a line. CNOOC Huizhou Refinery and Chemical Plant has been overhauled. 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 about 80%. On March 8, the closing price of p-xylene in Asia dropped by 8 US dollars per ton. The closing price is US$1096-1098 per ton FOB in Korea and US$1115-11177 per ton CFR in China. More than 50% of the domestic units need to be imported. The decline of foreign prices has a positive and negative impact on the domestic market price of p-xylene, and the price of p-xylene in the market fluctuates.

On March 8, the price of WTI crude oil in April fell to $56.07 per barrel, a decline of $0.59. Brent crude oil in May fell to $65.74 per barrel, a decline of $0.56. The price of crude oil slightly declined, which had little impact on the price of downstream petrochemical products, while the price of paraxylene was stable. Recently, the textile industry has risen slightly. PTA prices have risen on the 11th. The average offer price in East China is raised near 6700-6900 yuan/ton. As of the 8th day, the domestic PTA start-up rate is about 80%, and the polyester industry start-up rate is about 80%. In addition, the hobby sales rate has risen. The PTA market price has risen, and the price of PX market is expected to remain volatile in the later period.