On May 28, 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).
| Melamine |
According to statistics, the domestic market price trend of p-xylene was temporarily stable on the 29th. Pengzhou Petrochemical Plant operated steadily in the field. Urumqi Petrochemical Plant started 50% of its operation, Fuhai Created Aromatic Hydrocarbon Plant started one line, CNOOC Huizhou Refinery and Chemical Plant overhauled, Hengli Petrochemical PX Plant put into operation, and other units operated steadily temporarily. Since the new plant was put into operation, the domestic market for p-xylene supply was normal. The price trend of toluene market is stable for the time being. In Asia, the start-up rate of PX plant is about 80%. On May 28, the market price of paraxylene in Asia increased by 8 US dollars/ton. The closing price is 869-871 US dollars/ton FOB in Korea and 888-890 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 paraxylene. The price trend of intra-market paraxylene is temporarily stable.
On May 28, the price of WTI crude oil in July rose to $59.14 per barrel, an increase of $0.51. The price of Brent crude oil in July was flat at $70.11 per barrel. The price trend of crude oil rose, which had a certain cost supporting effect on the price of downstream petrochemical products and temporarily stabilized the price trend of xylene market. Recently, the textile industry has stabilized temporarily, PTA price declined slightly on the 29th. The average price in East China was raised near 5600-5700 yuan/ton. As of the 28th 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.
| Azodicarbonamide (AC foaming Agent) |