China’s domestic price trend of p-xylene was temporarily stable on January 22

On January 21, the PX commodity index was 68.80, unchanged from yesterday, down 32.81% from the peak of 102.40 points in the cycle (2013-02-28), and up 51.04% from the low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).

potassium persulphate

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 has increased, and the market price trend of p-xylene has been temporarily stable. The opening rate of PX plant in Asia rose to about 80%. On January 21, the closing price of p-xylene in Asia rose by 22 US dollars/ton. The closing price was US$1072-1074/ton FOB in Korea and US$1092-1094/ton CFR in China. More than 50% of the domestic units needed to be imported. The rising price of foreign units had a positive impact on the domestic market price of p-xylene, and the intra market price maintained 8,600 yuan/ton.

On January 21, the US WTI crude oil futures market closed at $53.80 per barrel in March, while Brent crude oil futures market closed at $62.70 per barrel in March. The closing price of Brent crude oil did not change much, which supported the price of downstream petrochemical products and temporarily stabilized the price trend of xylene market. Recent textile industry market shocks, PTA prices have maintained stability in the near future, the average price in East China is around 6400-6600 yuan/ton, as of 18 days domestic PTA start-up rate is about 71%, polyester industry start-up rate is about 80%, plus the general market of hobby production and marketing, PTA market price shocks, it is expected that the later PX market price will maintain 8600 yuan/ton.

http://www.bariumcarbonate.net

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>