SunSirs: Domestic PX Operating Rate Fell to 60%
March 31 2023 09:33:34The latest price of PX (3-29): 8800 RMB / ton
Key points of analysis: In the recent period of maintenance of some domestic paraxylene plants, the operating rate of domestic PX has dropped to more than 60%, and the supply of PX in the field has decreased. The external dependence of PX products is about 29%. Recently, the price trend of PX external market has risen. As of the 28th, the closing price of paraxylene in the Asian market is 1076-1078 RMB/ton FOB South Korea and 1101-1103 US dollars/ton CFR China, and the external market price has risen Good for the domestic market. The price of crude oil rose, coupled with the sharp rise in the downstream PTA market, the polyester load remained at a high level of more than 83%, the downstream demand improved, supported by favorable factors, and the PX market price rose.
Future market forecast: In the near future, there is an expectation of overhaul of some paraxylene devices, and the supply will decline at that time. In addition, the price trend of the PTA market will rise. However, the prospect of textile foreign trade is not clear. Overall, the trend of paraxylene is expected to be stable temporarily.
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