On March 11, the PX Commodity Index was 72.00, unchanged from yesterday, down 29.69% from its peak of 102.40 points in the cycle (2013-02-28), and up 58.07% from its 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 11, the closing price of p-xylene in Asia increased by 3 US dollars/ton. The closing price is US$109-1101/ton FOB Korea and US$118-1120/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 11, the price of WTI crude oil in April rose to 56.79 U.S. dollars per barrel, an increase of 0.72 U.S. dollars. The price of Brent crude oil in May rose to 66.58 U.S. dollars per barrel, an increase of 0.84 U.S. dollars. Crude oil price rose slightly, which had little impact on the price of downstream petrochemical products, while the price of paraxylene market was temporarily stable. Recent textile industry volatility, PTA prices declined on the 12th, the average price of East China bid in the vicinity of 6600-6700 yuan/ton, up to 11 domestic PTA start-up rate is about 80%, polyester industry start-up rate is about 80%, downstream production and sales rate has risen, but PTA market prices are lower, it is expected that PX market prices will remain volatile in the later period.