On February 25, the PX commodity index was 70.20, which was the same as yesterday. It was 31.45% lower than the cyclical peak of 102.40 points (2013-02-28), and 54.12% higher than the lowest point of 45.55 on February 15, 2016. (Note: Period refers to 2013-02-01 to date).
Recently, the domestic market price trend of p-xylene has been temporarily stable. Pengzhou Petrochemical Plant has been running steadily in the field. Urumqi Petrochemical Plant has started 50% of its operation. Fuhaichuang Aromatic Hydrocarbon Plant has been restarted. Other plants have been running steadily for the time being. The domestic market supply of p-xylene is normal. The market price trend of p-xylene is temporarily stable. The opening rate of PX plant in Asia is about 80%. On February 25, the closing price of p-xylene in Asia dropped by US$1/ton. The closing price is US$109-1100/ton FOB Korea and US$117-1119/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 domestic market price maintains 8,800 yuan/ton.
On February 25, the price of WTI crude oil in April fell sharply to $55.45 per barrel, with a decline of $1.78. The price of Brent crude oil in April dropped sharply to $64.76 per barrel, with a decline of $2.36. The price of crude oil fell sharply, losing some support for the price of downstream petrochemical products, and the price of paraxylene Market was stable. Recently, the textile industry has declined, PTA prices shocked on the 26th. The average offer price in East China was raised near 6400-6550 yuan/ton. As of the 25th day, the domestic PTA start-up rate was about 80%, the polyester industry start-up rate was about 77%. In addition, the guerrilla production and sales rate was low. The PTA market price shocks, and the price of PX market is expected to rise slightly in the later period.