On March 9, 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).
| EDTA |
According to statistics, the market price trend of p-xylene in China has declined significantly, 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 has been started, CNOOC Huizhou refining and chemical plant has been overhauled, the PX plant in Hengli Petrochemical has been put into operation, other units have been operated stably temporarily, and domestic p-xylene plant has been opened The working rate is about 70%, and the domestic market supply of p-xylene is normal. However, the price of crude oil has plummeted recently, and the market price of p-xylene has been affected. The operating rate of PX plant in Asia is about 80%. On March 9, the closing price of PX market in Asia dropped by 100 US dollars / ton, and the closing price was 562-564 US dollars / ton fob in South Korea and 582-584 US dollars / ton CFR in China. More than 40% of PX in China needs to be imported. The sharp decline of external price has a certain positive impact on the market price of PX in China, and the market price trend of PX is significant Fall back.
WTI crude oil futures market prices plummeted in the US, with major contracts down $10.15 to 31.13 yuan / barrel. Brent crude oil futures market price plummeted, the main contract was 34.36 US dollars per barrel, a drop of 10.91 US dollars. At present, the collapse of OPEC + cooperation has led to a punitive drop in oil prices. The sharp drop in crude oil prices is bad for domestic chemical prices, and the trend of domestic p-xylene prices has declined sharply.
| Melamine |
In terms of downstream PTA, the price has dropped sharply to 3900-4000 yuan / ton in the near future, and the social inventory of PTA has increased sharply in the near future. It is understood that the current social inventory has exceeded 2 million tons, an increase of about 500000 tons compared with that before the festival. In recent days, crude oil price has plummeted and PTA period price has fallen again. At present, terminal weaving enterprises are not expected to return to work. Inventory pressure is transmitted to all links of the industry chain from bottom to top. PTA supply and demand contradiction is more prominent. In the later stage, it will still present a weak pattern. The downstream construction is generally delayed. In addition, PTA supply remains relatively resilient, resulting in the market accumulation exceeding expectations and PTA market price falling sharply Benzene prices have declined.
In recent years, the trend of crude oil price has declined sharply, which has a certain negative impact on the xylene market. In addition, the demand at the downstream of the terminal has not improved significantly. Business analysts believe that PX market price may continue to decline.
| EDTA 2Na |