Price trend

It can be seen from the trend chart that on July 4, the price trend of PX in the market was temporarily stable, and the domestic price of PX was 10,000 RMB/ton.

Analysis review

Recently, the domestic supply of PX was normal, the domestic PX operating rate was more than 70%, the domestic supply of PX was average, and the overseas units were operating normally, the domestic PX price remained high.

Recently, the international oil price rose slightly, and the price trend of PX in the outer disk fell. The closing price in Asia on the 1st was 1,202-1,204 US dollars/ton FOB Korea and 1,220-1,222 US dollars/ton CFR China.

The operating rate of PX plants in Asia remained low recently. Overall, the operating rate of PX plants in Asia was around 60%, and the supply of PX in Asia was normal.

Market outlook

PX analysts of SunSirs believe that crude oil prices are still supported in the short term, and the downstream PTA and textile industry prices have fallen. It is expected that the market price of PX may stabilize temporarily in the later period.

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