SunSirs: PX Price Trend Increased Last Week

https://www.chemnet.com   Apr 10,2023 SunSirs

On April 10, the benchmark price of PX in SunSirs was 9100.00 RMB/ton, an increase of 3.41% compared with the beginning of this month (8800.00 RMB/ton).

According to the commodity market analysis system of SunSirs, the price trend rose this week. As of the end of the weekend, the domestic ex-factory price of p-xylene was 9,100 RMB/ton, up 3.41% from the price of 8,800 RMB/ton at the beginning of the week, and down 2.15% year-on-year. The domestic supply of p-xylene has decreased, and the domestic PX operating rate has dropped to about 60%. The external dependence of PX products is about 29%. Recently, the price trend of PX in external markets has risen. As of the 6th, the closing price of paraxylene in the Asian market is 1096-1098 RMB/ton FOB Korea and 1121-1123 US dollars/ton CFR China, and the external market prices have risen It is good for the domestic market. The operating rate of PX plants in Asia has recently declined. Overall, the operating rate of para-xylene plants in Asia is less than 60%. The positive factors affect the price trend of the domestic para-xylene market.

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