On April 15, the PX commodity index was 67.20, unchanged from yesterday, down 34.38% from its peak of 102.40 points in the cycle (2013-02-28), and up 47.53% from its low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).
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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. Price trend is stable for the time being. The opening rate of PX plant in Asia is about 80%. On April 15, the closing price of p-xylene in Asia dropped by 10 US dollars per ton. The closing price is 1039-1041 US dollars per ton FOB in Korea and 1058-1060 US dollars per ton CFR in China. More than 50% of the domestic units need to be imported. The decline of foreign prices has a negative impact on the domestic market price of p-xylene, and the price trend of p-xylene in the market is temporarily stable.
On April 15, the price of WTI crude oil in June fell to $63.40 per barrel, a decline of $0.49. Brent crude oil in June fell to $71.18 per barrel, a decline of $0.37. The price of crude oil declined slightly, losing some cost support for the price of downstream petrochemical products, and the price of p-xylene market stabilized temporarily. Recent textile industry market shocks, PTA price trend shocks on the 16th day, the average price of East China bid in the vicinity of 6700-6800 yuan/ton, as of the 15th domestic PTA start-up rate is about 80%, polyester industry start-up rate is about 90%, downstream production and sales rate maintained high, but PTA market price changes little, it is expected that PX market prices will remain stable in the later period.
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