The PX commodity index on March 5 was 72.00, unchanged from yesterday, down 29.69% from the peak of 102.40 points in the cycle (2013-02-28), and up 58.07% from the low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).
|ferrous fumarate price|
Recently, the domestic market price trend of p-xylene has been temporarily stable. Pengzhou Petrochemical Plant has been running steadily. Urumqi Petrochemical Plant has started 50% of its operation. Fuhaichuang Aromatic Hydrocarbon Plant has started a line. CNOOC Huizhou Refinery and Chemical Plant has been overhauled. Other units 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%. The closing price of p-xylene market in Asia is stable on March 5. The closing price is 1106-1108 USD/ton FOB Korea and 1125-1127 USD/ton CFR China. More than 50% of the domestic units need to be imported. The fluctuation of foreign prices has a positive impact on the domestic market price of p-xylene. The price of p-xylene in the market is fluctuating.
On March 5, the price of WTI crude oil in April fell to $56.56 per barrel, a decline of $0.03. Brent crude oil in May rose to $65.86 per barrel, a rise of $0.19. The price of crude oil slightly declined, which had little impact on the price of downstream petrochemical products, while the price of paraxylene was temporarily stable. Recently, the textile industry has risen slightly. PTA prices have risen on the 6th day. The average offer price in East China is raised near 6600-6800 yuan/ton. As of the 5th day, the domestic PTA start-up rate is about 80%, and the polyester industry start-up rate is about 80%. In addition, the hobby sales rate has risen. The PTA market price has risen, and the price of PX market is expected to remain volatile in the later period.