SunSirs: On August 11, the Domestic Market Price of PX Was Temporarily Stable
August 12 2022 09:11:17 SunSirs (John)
Price trend
As can be seen from the trend chart, the market price of PX on the 11th was temporarily stable, and the domestic price of PX was 9,000 RMB/ton.
Analysis review
Recently, the domestic supply of PX was normal, the domestic PX operating rate was over 70%, the domestic supply of PX was average, and the overseas units were operating normally, the domestic PX price trend was temporarily stable.
The recent trend of international oil prices rose slightly, but the price of PX in the outer disk rose slightly. The closing prices in Asia on the 10th were 1,051-1,053 US dollars / ton FOB Korea and 1,069-1,071 US dollars / ton CFR China.
The operating rate of PX plants in Asia has been normal 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 the current short-term crude oil prices are still have support, the downstream PTA and the textile industry are still weak, and the market price of PX is temporarily stable.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
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