On May 26, the PX commodity index was 60.00, unchanged from yesterday, down 41.41% from the peak of 102.40 points in the cycle (2013-02-28), and up 31.72% from the low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).
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According to statistics, the domestic market price trend of p-xylene was temporarily stable on the 27th. Pengzhou Petrochemical Plant operated steadily in the field. Urumqi Petrochemical Plant started 50% of its operation. Fuhai Created Aromatic Hydrocarbon Plant started a line. CNOOC Huizhou Refinery and Chemical Plant overhauled. Hengli Petrochemical PX Plant went into operation. Other units operated steadily temporarily due to the introduction of new units. Domestic market supply of p-xylene is normal, and market price trend of p-xylene is temporarily stable. The operating rate of PX plant in Asia is about 80%. On May 24, the market price of p-xylene in Asia rose by 6 US dollars/ton. The closing price is 854-856 US dollars/ton FOB in Korea and 873-875 US dollars/ton CFR in China. More than 50% of the domestic units need to be imported. The rise of foreign prices has a positive impact on the domestic market price of p-xylene. The price trend of domestic p-xylene is temporarily stable.
On May 24, the price of WTI crude oil in July rose to 58.63 U.S. dollars per barrel, an increase of 0.72 U.S. dollars. Brent crude oil in July rose to 68.69 U.S. dollars per barrel, an increase of 0.93 U.S. dollars. Crude oil price trend rose, which has a certain cost support role for the price of downstream petrochemical products. The situation is temporary. Recently, the textile industry has stabilized temporarily, PTA price declined slightly on 27 days. The average offer price in East China was raised near 5700-5900 yuan/ton. As of 24 days, the domestic PTA start-up rate was about 86%, the polyester industry start-up rate was about 87.5%, and the downstream production and sales rate maintained a high level. However, PTA market price was slightly lower, and the PX market price is expected to be lower in the later period. Lattice or will slightly lower.
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