On June 30, the PX commodity index was 56.00, unchanged from yesterday, down 45.31% from its peak of 102.40 points in the cycle (2013-02-28), and up 22.94% from its low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).

According to statistics, the domestic market price trend of p-xylene was temporarily stable on the 1st day. Pengzhou Petrochemical Plant operated steadily in the field. Urumqi Petrochemical Plant started 50% of its operation. Fuhai Created Aromatic Hydrocarbon Plant started a line. CNOOC Huizhou Refinery and Chemical Plant overhauled. Hengli Petrochemical PX Plant was put into operation. Other units operated steadily temporarily. Because the new plant was put into operation, the domestic market for p-xylene was normally supplied. Benzene market price trend is temporarily stable. The opening rate of PX plant in Asia is about 80%. On June 28, the closing price of p-xylene in Asia dropped by 11 US dollars per ton. The closing price is 818-820 US dollars per ton FOB in Korea and 837-839 US dollars per 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 price trend of p-xylene in the market is temporary stable.

On June 28, the price of light crude oil futures for August delivery on the New York Mercantile Exchange fell by $0.96 to $58.47 a barrel, or 1.62%. London Brent crude oil futures for September delivery fell by $0.93 to $64.74 a barrel, or 1.42%. Crude oil prices declined, losing some cost support for downstream petrochemical products, and paraxylene market. Price trend is stable for the time being. Recently, the textile industry has been stabilizing, PTA prices have risen on the 1st day. The average offer price in East China is raised near 6750-6800 yuan/ton. As of the 28th day, the domestic PTA start-up rate is about 95%, the polyester industry start-up rate is about 90%, and the downstream production and sales rate remains high. However, the PTA market price is rising, and the price of PX market is expected to remain volatile in the later period.