SunSirs: Domestic PX Market Prices Fell on September 1
September 02 2022 10:03:54 SunSirs (John)
Price trend
It can be seen from the trend chart that the market price of PX declined on September 1, and the domestic price of PX was 8,800 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 recent trend of international oil prices has declined, but the price of PX in the outer market has been slightly lower. On the 31st, the closing price of PX in Asia was 1,037-1,039 US dollars/ton FOB Korea and 1,055-1,057 US dollars/ton CFR China. The operating rate of PX plants in Asia was 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 price of crude oil has fallen slightly in the short term, and the downstream PTA and textile industries have risen, and the price trend of PX in the later stage is temporarily stable.
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