On April 14, the PX commodity index was 34.40, which was the same as yesterday, a record low in the cycle, 66.41% lower than the highest point of 102.40 on February 28, 2013. (Note: cycle refers to 2013-02-01 to now)

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 In about 70%, the domestic market supply of p-xylene is normal, and the domestic market price trend of p-xylene is stable temporarily. The operating rate of PX plant in Asia is about 80%. On April 13, the closing price of PX market in Asia fell by 2 US dollars / ton, and the closing price was 457-459 US dollars / ton fob in South Korea and 477-479 US dollars / ton CFR in China. More than 40% of PX needs to be imported in China. Recently, affected by the fluctuation of crude oil price, the external price of PX declined slightly, and the market price trend of PX was stable temporarily.

As of the 13th, WTI crude oil futures market prices in the United States fell slightly, with the main contract at 22.76 yuan / barrel, down $0.35. Brent crude oil futures market prices rose slightly, with the main contract at US $31.48/barrel, or US $0.26. Saudi energy minister said on Sunday that OPEC and its allies (known as OPEC + Organization) will effectively cut production by 12.5 million barrels per day due to the increase in oil production in Saudi Arabia, the United Arab Emirates and Kuwait in April. Crude oil price shocks support the cost of downstream petrochemical products, and the market price trend of p-xylene is stable.

In terms of downstream PTA, the price trend of domestic PTA spot market slightly declined, with the market average price of 3442.22 yuan / ton as of April 14, and PTA price slightly decreased in recent two days. Influenced by the slight decline of crude oil price, the price of PTA Market in the downstream is slightly lower. In the near future, Fuhua industry and trade and BP Zhuhai restart, and the domestic PTA unit load is increased to 93.42%. At present, the overall inventory pressure in the market is still large. Domestic polyester production kept at 82.53% and weaving production fell to 51%. At present, the load is restored to a higher level, the inventory is still high, and there are 30-35 days for each polyester library. Affected by the decline of export orders, the inventory and capital pressure of textile enterprises rose, but PTA prices fluctuated at a low level, and the domestic price trend of p-xylene was temporarily stable.

In the near future, crude oil prices fluctuated, the price of PTA Market in the downstream declined slightly, and the demand in the downstream of the terminal did not improve significantly. Business analysts believe that PX market price may keep fluctuating.