On April 24, 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).

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 start-up rate of PX plant in Asia is about 80%. On April 24, the market of p-xylene in Asia dropped by 2 US dollars/ton. The closing price is 952-954 US dollars/ton FOB in Korea and 971-973 US dollars/ton CFR in China. More than 50% of the domestic units need to be imported. The low price of foreign units has a negative impact on the domestic market price of p-xylene. The price trend of p-xylene in the market is temporarily stable.

On April 24, the price of WTI crude oil in June fell to $65.89 per barrel, a decline of $0.41. Brent crude oil in June rose to $74.57 per barrel, an increase of $0.06. The price of crude oil declined, losing some cost support for the price of downstream petrochemical products, and the price of paraxylene market stabilized temporarily. Recent textile industry volatility, PTA price trend slightly increased on the 25th day, the average price of East China bid in the vicinity of 6750-6850 yuan/ton, up to 24 domestic PTA start-up rate of about 78%, polyester industry start-up rate of about 91%, downstream production and sales rate maintained high, but PTA market price changes little, is expected to lower in the later PX market price.