On June 2, 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).
| EDTA 2Na |
According to statistics, the domestic market price trend of p-xylene was temporarily stable on the 3rd day. Pengzhou Petrochemical Plant operated steadily in the field. Urumqi Petrochemical Plant started 50% of its operation. Fuhai Aromatic Hydrocarbon Plant started one line. CNOOC Huizhou Refinery and Chemical Plant overhauled. Hengli Petrochemical PX Plant was put into operation. Other units operated steadily temporarily. As the new plant was put into operation, the domestic market for p-xylene was normally supplied. Benzene market price trend is temporarily stable. The operating rate of PX plant in Asia is about 80%. On May 31, the market price of p-xylene in Asia dropped by 24 US dollars/ton. The closing price is 834-836 US dollars/ton FOB in Korea and 853-855 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 trend of p-xylene in the market is temporary stable.
On May 31, the futures market price of WTI crude oil in July fell sharply to 53.50 US dollars per barrel, down by 3.09 US dollars. The futures price of Brent crude oil in July fell sharply to 64.49 US dollars per barrel, down by 2.38 US dollars. The price of crude oil declined, losing some cost support to the price of downstream petrochemical products, and the price of paraxylene market was temporarily stable. Recently, the textile industry has been stable, PTA price declined slightly on the 3rd day. The average price in East China was raised near 5600-5700 yuan/ton. By the 31st day, the domestic PTA start-up rate was about 83.5%, the polyester industry start-up rate was about 86%, and the downstream production and sales rate maintained a high level. However, PTA market price was slightly lower, and the price of PX market is expected to oscillate at a low level.
| Melamine |