The PX commodity index on March 31 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 Plant has been running steadily in the field. Urumqi Petrochemical Plant has started 50% of its operation. Fuhai Aromatic Hydrocarbon Plant has started a line. CNOOC Huizhou Refinery and Chemical Plant has been overhauled. Hengli Petrochemical PX Plant has been put into operation. Other units have been running steadily for the time being. Due to the increase of domestic market supply of p-xylene, the market for p-xylene has increased. Prices are declining. The opening rate of PX plant in Asia is about 80%. On March 29, the closing price of p-xylene in Asia increased by 5 US dollars per ton. The closing price is US$1029-1031 per ton FOB Korea and US$1048-1050 per ton CFR in China. More than 50% of the domestic units need to be imported. The fluctuation of foreign prices has a negative impact on the domestic market price of p-xylene. The intra market price of p-xylene maintains temporary stability.

On March 29, the price of WTI crude oil in May rose to $60.14 per barrel, an increase of $0.84. Brent crude oil in May rose to $68.39 per barrel, an increase of $0.57. The trend of crude oil price rose slightly, which had little impact on the price of downstream petrochemical products and had a stable trend in the price of xylene market. Recent textile industry market shocks, PTA price 1 day trend shocks, the average price of East China bid in the vicinity of 6600-6750 yuan/ton, as of 1 day domestic PTA start-up rate is about 75%, polyester industry start-up rate is about 90%, downstream production and sales rate slightly increased, but PTA market price changes little, it is expected that PX market prices will remain stable in the later period.