On February 12, the PX commodity index was 70.20, unchanged from yesterday, down 31.45% from the peak of 102.40 points in the cycle (2013-02-28), and up 54.12% 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. Fuhaichuang Aromatic Hydrocarbon Plant has been restarted. Other plants 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%. The closing price of p-xylene market in Asia increased by 3 US dollars/ton on February 12. The closing price is US$109-1092/ton FOB in Korea and US$1112/ton CFR in China. More than 50% of the domestic units need to be imported. The rising price of foreign units has a good support for the domestic market price of p-xylene, and the intra market price maintains 8,800 yuan/ton.

On February 12, the price of WTI crude oil in March rose to 53.10 U.S. dollars per barrel, an increase of 0.69 U.S. dollars. The price of Brent crude oil in April rose to 62.42 U.S. dollars per barrel, an increase of 0.91 U.S. dollars. Crude oil price rose slightly, which lost some support for the price of downstream petrochemical products, and the price trend of paraxylene market was temporarily stable. Recently, the textile industry is in a general market, PTA prices rose on the 13th day. The average price of East China is raised near 6700-6850 yuan/ton. As of the 12th day, the domestic PTA start-up rate is about 80%, the polyester industry start-up rate is about 77%. In addition, the hobby sales rate is low, the PTA market price rises, and the PX market price is expected to maintain 8800 yuan/ton in the later period.