On April 22, the PX commodity index was 67.20, unchanged from yesterday, down 34.38% from its peak of 102.40 points in the cycle (2013-02-28), and up 47.53% from its 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. Fuhai 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. Other units have been running steadily for the time being. Due to the increase of domestic market supply of p-xylene, the market for p-xylene has increased. Price trend is stable for the time being. The start-up rate of PX plant in Asia is about 80%. On April 22, the market of p-xylene in Asia rose by 2 US dollars/ton. The closing price is US$949-951/ton FOB in Korea and US$968-970/ton CFR in China. More than 50% of the domestic units need to be imported. The low price of foreign units has a negative effect on the domestic market price of p-xylene. The price trend of p-xylene in the market is temporarily stable.

On April 22, the price of WTI crude oil in June rose to $65.70 per barrel, an increase of $1.70. Brent crude oil in June rose to $74.04 per barrel, an increase of $2.07. The trend of crude oil price is rising, which has certain cost support for the price of downstream petrochemical products, while the price of p-xylene market is temporarily stable. Recent textile industry volatility, PTA prices rose slightly on the 23rd. The average price of East China was raised near 6550-6650 yuan/ton. As of the 22nd, domestic PTA start-up rate was about 80%, polyester industry start-up rate was about 91%, downstream production and sales rate maintained high, but PTA market prices did not change much. It is expected that the price of PX Market will be lower in the later period.