May 7 China’s domestic price trend of xylene steady

May 6 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.

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(Note: cycle refers to 2013-02-01 to date). 7th 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 6 US dollars/ton on May 6, with a closing price of 885-887 USD/ton FOB Korea and 904-906 US dollar/ton CFR China, more than 50% of the domestic need to import,

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 6 May 6, the United States WTI crude oil June futures market prices rose, reported 62.25 U.S. dollars/barrels, the increase of 0.31 U.S. dollars, Brent crude oil July futures prices rose, reported 71.24 U.S. dollars/Barrels, The increase is 0.39 U.S. dollars, crude oil price trend rise, for the downstream petrochemical product prices have a certain cost support role, the xylene market price trend is temporarily stable. Recent textile industry market stability, PTA price 7th trend Shock, East China newspaper average price in 6700-6800 yuan/ton near self-mention, as of 6th domestic PTA start rate in about 80%, 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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