On July 9, 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).
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According to statistics, the market price trend of p-xylene in China was temporarily stable on the 9th day. Pengzhou Petrochemical Plant operated steadily in the field. Urumqi Petrochemical Plant started 50% of its operation. Fuhaichuang Aromatic Hydrocarbon Plant started one line. CNOOC Huizhou Refinery and Chemical Plant was overhauled. Hengli Petrochemical PX Plant was put 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 plant in Asia is about 80%. On July 8, the closing price of p-xylene in Asia increased by 13 US dollars/ton. The closing price is 831-833 US dollars/ton FOB in Korea and 850-852 US dollars/ton CFR in China. More than 50% of the domestic units need to be imported. The rise of foreign prices has a positive 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 8, the price of WTI crude oil futures rose to $57.66 per barrel, an increase of $0.15. Brent crude oil futures fell to $64.11 per barrel, a decrease of $0.12. The rising trend of crude oil price has a cost supporting effect on the price of downstream petrochemical products. The price trend of Brent crude oil futures is temporarily stable. 。 Recent textile industry market shocks, PTA prices declined on the 9th. The average price of East China bid was raised near 6500-6700 yuan/ton. As of the 8th day, domestic PTA start-up rate was about 99%, polyester industry start-up rate was about 90%, and downstream production and sales rate remained high. However, PTA market prices declined, and PX market prices are expected to remain shocky in the later period. Swing.
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