On May 27, the PX commodity index was 60.00, unchanged from yesterday, down 41.41% from its peak of 102.40 points in the cycle (2013-02-28), and up 31.72% from its low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).
| Gamma Polyglutamic Acid |
According to statistics, the domestic market price trend of p-xylene was temporarily stable on the 28th. 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 put into operation, and other units operated steadily temporarily. Due to the normal supply of p-xylene in the domestic market when the new unit was put into operation, p-dimethyl benzene was supplied normally. The price trend of toluene market is stable for the time being. The opening rate of PX plant in Asia is about 80%. On May 27, the market price of paraxylene in Asia rose by 23 US dollars/ton. The closing price is 877-879 US dollars/ton FOB in Korea and 896-898 US dollars/ton CFR in China. More than 50% of the domestic units need to be imported. The rise of foreign prices has a certain positive impact on the domestic market price of paraxylene. The price trend of intra-market paraxylene is temporarily stable.
| Gamma Polyglutamic acid Gamma PGA |
On May 27, the price of WTI crude oil in July futures market in the United States was flat at $58.63 per barrel, up by $0. The price of Brent crude oil in July rose to $70.11 per barrel, up by $1.42. The price trend of crude oil rose, which has a cost supporting effect on the price of downstream petrochemical products. The price trend of paraxylene market is temporarily stable. Recently, the textile industry has stabilized temporarily, PTA price declined slightly on the 28th. The average price in East China was raised near 5600-5700 yuan/ton. By the 27th day, the domestic PTA start-up rate was about 83.5%, the polyester industry start-up rate was about 86.5%, and the downstream production and sales rate maintained a high level. However, the PTA market price was slightly lower, and the PX market price is expected to be slightly lower in the later period.