China’s domestic price trend of p-xylene was temporarily stable on July 11

On July 11, 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 domestic market price trend of p-xylene was temporarily stable on the 11th. Pengzhou Petrochemical Plant operated steadily in the field. Urumqi Petrochemical Plant started 50% of its operation. Fuhai Creative 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 because of 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 10, the closing price of p-xylene in Asia increased by 19 US dollars/ton. The closing price is 860-862 US dollars/ton FOB in Korea and 879-881 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 10, the price of WTI crude oil futures rose to $60.43 per barrel, an increase of $2.60. Brent crude oil futures fell to $67.01 per barrel, a decrease of $2.85. The rising trend of crude oil price has a cost supporting effect on the price of downstream petrochemical products. The price trend of paraxylene market is temporarily stable. 。 Recent textile industry volatility, PTA price trend slightly increased 11 days, the average price of East China bid in the vicinity of 6700-6800 yuan/ton, as of 10 days domestic PTA start-up rate is about 89%, polyester industry start-up rate is about 88%, downstream production and sales rate maintained high, but PTA market price rises, the PX market price is expected to be later. Maintain shock.

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