On March 15, the PX commodity index was 44.00, which was the same as yesterday, setting a new low in the cycle, 57.03% 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 market price trend of p-xylene is stable. The operating rate of PX plant in Asia is about 80%. On March 13, the closing price of PX market in Asia was temporarily stable. The closing price was 591-593 US dollars / ton fob in South Korea and 611-613 US dollars / ton CFR in China. More than 40% of PX in China needed to be imported. The stability of external market price had certain support for the market price of PX in China, and the market price trend of PX was temporarily stable.

WTI crude oil futures market rose in the US, with major contracts at 31.73 yuan / barrel, or 23 US dollars. Brent crude oil futures rose, with major contracts up $2.22 to $35.44 a barrel. In recent years, crude oil prices fluctuated, and domestic p-xylene prices were stable.

In terms of downstream PTA, the price has been maintained at 3800-3900 yuan / ton in the near future, and the social inventory of PTA has not changed much in the near future. It is understood that at present, the terminal weaving enterprises return to work less than expected, the inventory pressure is transmitted to all links of the industrial chain from bottom to top, the contradiction between PTA supply and demand is more prominent, the PTA operating rate is maintained at about 80%, and the textile operating rate in Jiangsu and Zhejiang rises to 70%, but the PTA market price changes little, and the price trend of p-xylene is temporarily stable.

In the near future, the crude oil price trend is volatile, the downstream PTA market price remains at a low level, and the downstream demand of the terminal is not significantly improved. Business analysts believe that PX market price may maintain a volatile trend.