On August 14, the PX Commodity Index was 56.00, unchanged from yesterday, down 45.31% from its peak of 102.40 points in the cycle (2013-02-28), and up 22.94% 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 14th. Pengzhou Petrochemical Plant operated steadily in the field. Urumqi Petrochemical Plant started 50% of the 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 because of the introduction of new units. Domestic market supply of p-xylene is normal, and market price trend of p-xylene is temporarily stable. The opening rate of PX plant in Asia is about 80%. The closing price of p-xylene in Asia rose by 3 US dollars/ton on August 13. The closing price is 774-776 US dollars/ton FOB in Korea and 793-795 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 p-xylene in the market is stable for the time being.
On August 13, the price of WTI crude oil futures rose to $57.10 per barrel, an increase of $2.17. Brent crude oil futures rose to $61.30 per barrel, an increase of $2.73. The rising trend of crude oil prices has provided some favorable support for downstream petrochemical products, while the price of p-xylene market has temporarily stabilized. Recent textile industry market shocks, PTA price trend shocks 14 days, the average price in East China is around 5200-5300 yuan/ton, as of 13 days domestic PTA start-up rate is about 92.5%, polyester industry start-up rate is about 85%, downstream production and sales rate has not changed much, but PTA market price trend shocks, expected later PX market price or The shock will be maintained.
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