On March 3, the PX commodity index was 49.60, unchanged from yesterday, down 51.56% from 102.40 (2013-02-28), the highest point in the cycle, and up 8.89% from 45.55, the lowest point on February 15, 2016. (Note: cycle refers to 2013-02-01 to now).
| ferric sulfate (Poly ferric sulphate) |
According to statistics, the market price trend of p-xylene in China is temporarily stable, 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 is started, one line of aromatics plant in Fuhai Chuang is started, CNOOC Huizhou refining and chemical plant is overhauled, the PX plant in Hengli Petrochemical is put into operation, other units are temporarily stable, and the operation rate of domestic p-xylene plant is stable About 70%, the domestic market supply of p-xylene is normal, but the recent crude oil price trend is rising, and the market price of p-xylene is affected by the price stability. The operating rate of PX plant in Asia is about 80%. On March 3, the closing price of PX market in Asia increased by 12 US dollars / ton, and the closing price was 690-692 US dollars / ton fob in South Korea and 710-712 US dollars / ton CFR in China. More than 40% of PX in China needs to be imported. The rising price of external market has a certain positive impact on the domestic market price of PDT, and the market price trend of PX is temporarily stable.
WTI crude oil futures market rose in the US, with major contracts at 47.18 yuan / barrel, or 43 US dollars. Brent crude oil futures market price fell, the main contract was $51.86/barrel, down $0.04. Leonid fedun, vice president of Lukoil, Russia’s second largest oil producer, said that OPEC’s proposal to reduce production by 1 million barrels per day was enough to balance the market and push the oil price back to $60 per barrel. The rise of crude oil price is good for domestic chemicals price, while the domestic p-xylene price trend is stable for the time being.
| Azodicarbonamide (AC foaming Agent) |
In terms of downstream PTA, the recent price rose slightly to the level of 4250-4350 yuan / ton. The market expected OPEC production reduction and domestic stimulus policy, and crude oil rebounded, boosting chemicals. In terms of PTA supply, PTA plant restart and load reduction coexist, and the market supply increment is limited. At present, the overall operating rate is 81.54%. Due to the lack of downstream demand follow-up, the inventory continues to accumulate. In terms of demand, due to the impact of public health events, the downstream polyester and terminal textile industry resume slowly. The overall operating rate of polyester is at a low level of 63.32%, and the operating rate of terminal textile industry rises to 38%. The overall demand is strong Degree is still weak, PTA market price range shocks, p-xylene price trend temporarily stable.
Recently, the trend of crude oil price is rising, which has a certain positive support for the market of p-xylene, but the downstream demand of the terminal is not significantly improved, and the business analysts believe that PX market price may remain stable.
| povidone Iodine |