On March 27, the PX commodity index was 72.00, unchanged from yesterday, down 29.69% from the peak of 102.40 points in the cycle (2013-02-28), and up 58.07% 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 declined, the on-site plant Pengzhou Petrochemical Plant has been running steadily, the Urumqi Petrochemical Plant has started 50%, the Fuhaichuang Aromatic Hydrocarbon Plant has started a line, CNOOC Huizhou Refinery and Chemical Plant has been overhauled, Hengli Petrochemical PX Plant has been put into operation, and other devices have been running steadily for the time being. Prices are declining. The opening rate of PX plant in Asia is about 80%. On March 27, the closing price of p-xylene in Asia dropped by US$1/ton. The closing price is US$1016-1018/ton FOB Korea and US$1035-1037/ton CFR in China. More than 50% of the domestic units need to be imported. The decline of foreign prices has a negative impact on the domestic market price of p-xylene, and the intra market price of p-xylene dropped sharply.

On March 27, the price of WTI crude oil in May fell to $59.41 per barrel, a decline of $0.53. Brent crude oil in May fell to $67.83 per barrel, a decline of $0.14. The fluctuation of crude oil price has little impact on the price of downstream petrochemical products, and the price of paraxylene market is lower affected by supply. Recent textile industry volatility, PTA price fluctuation on 28 days, the average price of East China bid in the vicinity of 6500-6650 yuan/ton, as of 28 days domestic PTA start-up rate is about 84%, polyester industry start-up rate is about 80%, downstream production and sales rate remains volatile, but PTA market price changes little, it is expected that later PX market prices will be slightly lower.