On June 27, the PX Commodity Index was 58.40, unchanged from yesterday, down 42.97% from its peak of 102.40 points in the cycle (2013-02-28), and up 28.21% 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 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 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 June 26, the closing price of p-xylene in Asia increased by 10 US dollars/ton. The closing price is 823-825 US dollars/ton FOB in Korea and 842-844 US dollars/ton CFR in China. More than 50% of the domestic units need to be imported. The decline of foreign prices has a negative impact on the domestic market price of p-xylene. The price of p-xylene in Asia is stable temporarily.
| gamma polyglutamic acid fertiliser(fertilizer) grade |
On June 26, the price of WTI crude oil in August rose to $59.38 per barrel, up $1.55. Brent crude oil in August rose to $66.49 per barrel, up $1.44. The rising trend of crude oil price has a cost supporting effect on the price of downstream petrochemical products, while the price trend of paraxylene market is temporarily stable. Recently, the textile industry has been stable for a while, PTA prices have risen on the 26th. The average offer price in East China is raised near 6450-6500 yuan/ton. By the 26th, the domestic PTA start-up rate is about 94%, the polyester industry start-up rate is about 90%, and the downstream production and sales rate remains high. However, the PTA market price is rising, and the price of PX market is expected to remain volatile in the later period.