SunSirs: Domestic PX Market Prices Fell on July 12
July 13 2022 13:52:54 SunSirs (John)Price trend
It can be seen from the trend chart that on the 12th, the market price of PX declined, and the domestic price of PX was 9,550 RMB/ton.
Analysis review
Recently, the domestic supply of PX was normal, the domestic PX operating rate was more than 70%, the domestic supply of PX was average, and the overseas units were operating normally, the domestic PX price trend declined.
The international oil price has risen slightly recently, and the price trend of PX in the outer disk has fallen. The closing price in Asia on the 11th was 1,176-1,178 US dollars/ton FOB Korea and 1,192-1,194 US dollars/ton CFR China. The operating rate of PX plants in Asia has remained low recently. Overall, the operating rate of PX plants in Asia was around 60%, and the supply of PX in Asia was normal.
Market outlook
PX analysts of SunSirs believe that crude oil prices are still supported in the short term, and the downstream PTA and textile industry prices have fallen. It is expected that the market price of PX may drop slightly in the later period.
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