May 5 The PX Commodity Index was 60.00, the same as yesterday, down 41.41% from 102.4 at the highest point in the cycle (2013-02-28), up 31.72% from its lowest 45.55 point on February 15, 2016.
(Note: cycle refers to 2013-02-01 to date). 6th domestic to Xylene market price trend temporary stability, the field installation Pengzhou petrochemical plant operation is stable, Urumqi petrochemical plant started 50%, Fuhai invasive aromatic device driving a line, CNOOC Huizhou Refining Plant Maintenance, Hengli petrochemical PX device put into production, other devices temporarily stable operation, As a result of the new installation of domestic paraxylene market supply normal, the market price trend of xylene is temporarily stable. The operating rate of PX devices in Asia was around 80%, and the Asian region was down 28 US dollars/ton on May 3, with a closing price of 892-894 USD/ton FOB Korea and 911-913 US dollar/ton CFR China, more than 50% of the domestic need to import,
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The low price of foreign plate has a certain negative effect on the domestic market price of xylene, and the price trend of xylene in the field is stable. May 3 U.S. WTI crude oil June futures market prices rose, reported 61.94 U.S. dollars/barrels, the increase of 0.13 U.S. dollars, Brent crude oil July futures prices fell, reported 70.85 U.S. dollars/Barrels, The decline was 0.10 U.S. dollars, crude oil prices rose, for the downstream petrochemical product prices have a certain cost support role, the xylene market price trend is temporarily stable. Recently the textile industry market stability, PTA price 6th trend Rise, East China’s average price in 6700-6800 yuan/ton near self-mention, as of 6th domestic PTA start rate of about 78%, polyester industry start rate of about 91%, downstream production and sales rate to maintain a high, but the PTA market price changes are not big, The late PX market price is expected to remain volatile.
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