On January 16, the PX commodity index was 68.80, up 4 points 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).

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 16, the closing price of p-xylene in Asia dropped by 4 US dollars per ton. The closing price was US$1052-1054 per ton FOB in Korea and US$1071-1073 per ton CFR in China. More than 50% of domestic imports were needed. The decline of foreign prices had a negative impact on domestic market price of p-xylene. The domestic market price was 8600 yuan per ton.

On January 16, the price of WTI crude oil in February rose to 52.31 U.S. dollars per barrel, an increase of 0.20 U.S. dollars. Brent crude oil in March rose to 61.32 U.S. dollars per barrel, an increase of 0.68 U.S. dollars. Crude oil closing price rose slightly, which supported the price of downstream petrochemical products, while the price of paraxylene market was stable. Recent textile industry volatility, PTA prices have maintained stability in the near future, the average price of East China bid in the vicinity of 6400-6600 yuan/ton, as of 16 days domestic PTA start-up rate is about 72%, polyester industry start-up rate is about 82%, plus the general market of hobby production and marketing, PTA market price high volatility, is expected to maintain the PX market price of 8600 yuan/ton in the later period.