On January 13, the PX commodity index was 55.20, unchanged from yesterday, down 46.09% from 102.40 (2013-02-28), the highest point in the cycle, and up 21.19% from 45.55, the lowest point on February 15, 2016. (Note: cycle refers to 2013-02-01 to now).
| EDTA |
According to statistics, in recent years, the domestic market price trend of p-xylene has remained volatile, the operation of new 600000 ton plant in Hongrun is stable, the operation of petrochemical plant in Pengzhou is stable, 50% of petrochemical plant in Urumqi has been started, one line of aromatics plant in Fuhai Chuang has been started, CNOOC Huizhou refining and chemical plant has been overhauled, the PX plant in Hengli Petrochemical has been put into operation, the operation of other plants is stable temporarily, and the domestic p-xylene plant has been installed The market supply of p-xylene is normal and the market price trend of p-xylene is stable temporarily. The operating rate of PX plant in Asia is about 80%. On January 10, the closing price of p-xylene market in Asia dropped by 5 US dollars / ton, and the closing price was 797-799 US dollars / ton fob in South Korea and 817-819 US dollars / ton CFR in China. About 50% of domestic products need to be imported. The decline of external market price has a certain negative impact on the domestic market price of p-xylene, and the market price trend of p-xylene is temporarily stable.
WTI crude oil futures market in the United States recently fell to US $59.04/barrel, or US $0.52, while Brent crude oil futures fell to US $64.98/barrel, or US $0.39. The energy information administration reported an increase of 1.2 million barrels in crude oil inventories in the first week of the new year and a further decline in crude oil prices, after a decrease of 11.5 million barrels in the week before the EIA report. Analysts had expected a decrease of 4.064 million barrels in the week to January 3. The authorities also reported that the gasoline inventory increased by 9.1 million barrels, and the average daily fuel output during the reporting period was 8.9 million barrels, compared with 3.2 million barrels in the previous week, and the average daily output was 10.2 million barrels. The decline of crude oil price was negative for domestic chemical prices, and the domestic p-xylene price trend was temporarily stable.
| Melamine |
In terms of raw material PTA, the recent price remains at the level of 4900-5000 yuan / ton, the PTA operating rate remains at about 85%, and the comprehensive starting rate of Jiangsu and Zhejiang looms is reduced to around 30%. Weaving enterprises show the phenomenon of reducing the number of orders and lack of stamina. In winter, the turnover of fabrics decreases month by month, while in spring, the order of fabrics is relatively limited. At the same time, near the end of the year, most enterprises are reducing prices to inventory in order to recover funds, and later loading and weaving factories will be shut down for holidays, PTA market price changes little, and the trend of p-xylene price is temporarily stable.
In the near future, crude oil prices continue to decline, which has a certain negative impact on the xylene market, but the downstream demand of the terminal is general, and business analysts believe that PX market price may remain stable.
| EDTA 2Na |