SunSirs: The Domestic Market Price of PX Rose on October 11
October 12 2022 08:47:44 SunSirs (John)
Price trend
It can be seen from the trend chart that the market price of PX rose on October 11, and the domestic price of PX rose by 300 RMB/ton to 9,300 RMB/ton.
Analysis review
Recently, the domestic supply of PX was normal, and the domestic PX operating rate was more than 70%. The domestic supply of PX was average. In addition, the operation of overseas devices was normal, and the domestic price of PX was rising.
During the National Day holiday, the trend of international oil price rose, and the price of PX external market rose. On the 10th, the closing price in Asia was 1,110-1,112 US dollars/ton FOB South Korea and 1,128-1,130 US dollars/ton CFR China. Recently, the operating rate of PX units in Asia was normal. On the whole, the operating rate of PX units in Asia was about 60%, and the supply of PX goods in Asia was normal.
Market outlook
PX analysts from SunSirs believe that the crude oil price will remain high in the short term, the downstream PTA and textile industry will start to rise, and the market price of PX will rise slightly in the later period.
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