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P-XYLENE Market Price & Analysis

P-XYLENE China Domestic Price

Date

2021-06-21

Price

870.67Yuan/mt

Change

3.0

International Price - P-XYLENE

Analysis Report - P-XYLENE

The PX market was flat this week, with market prices rising and then falling.(20210524-20210528)

From the downstream PTA market, because of the weak profit, the start-up rate is expected to decline, while the demand and supply of PTA itself is poor, it is expected that the PX market will be slightly weaker next week.

The PX market shuddered to the upside, with market prices modestly higher(20210503-20210507)

Crude oil market slightly upward during the week, oil prices rose, which will lead to a better boost to the PX market.

OPEC+ confirms to maintain May-July production growth plan which lead to oil prices increase(202104)

OPEC+ confirms to maintain May-July production growth plan, oil prices increase rather than fall. The terminal textile market is not strong in the peak season. The polyester production and sales performance is normal.

The PX market rose broadly this month(202102)

The PX market rose broadly this month, and the market price rose sharply. From a macro perspective, this month Saudi Arabia’s commitments to reduce production will take effect, OPEC+’s implementation rate of production cuts has increased

PX market rose broadly this week(20210215-20210220)

The PX market rose broadly this week, and the market price rose sharply. The current EIA inventory data report shows that U.S. crude oil inventories and production have declined, and imports have increased. According to market sources

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