On May 9, the PX commodity index was 60.00, unchanged from yesterday, down 41.41% from its peak of 102.40 points in the cycle (2013-02-28), and up 31.72% from its low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).

Domestic market price trend of p-xylene was temporarily stable on the 9th day. Pengzhou Petrochemical Plant operated steadily in the field. Urumqi Petrochemical Plant started 50% of its operation. Fuhai Created Aromatics Plant started a line. CNOOC Huizhou Refinery and Chemical Plant overhauled and Hengli Petrochemical PX Plant put into operation. Other units operated steadily temporarily. Due to the normal supply of p-xylene in the domestic market, the market price of p-xylene was stable. The trend of the latter is temporarily stable. The opening rate of PX plant in Asia is about 80%. On May 8, the market price of p-xylene in Asia is stable. The closing price is 885-887 US dollars/ton FOB in Korea and 904-906 US dollars/ton CFR in China. More than 50% of domestic imports are needed. The low price of external market has a negative impact on domestic market price of p-xylene, and the price trend of p-xylene in the market is temporarily stable.

On May 8, the price of WTI crude oil in June rose to 62.12 U.S. dollars per barrel, an increase of 0.72 U.S. dollars. The price of Brent crude oil in July rose to 70.37 U.S. dollars per barrel, an increase of 0.49 U.S. dollars. Crude oil price trend rose, which lost some cost support for the price of downstream petrochemical products, and the price trend of paraxylene market was temporarily stable. Recently, the textile industry has been stable for a while. PTA prices fluctuated on the 9th day. The average offer price in East China was raised near 6650-6750 yuan/ton. As of the 7th day, the domestic PTA start-up rate was about 78%, the polyester industry start-up rate was about 90.5%, and the downstream production and sales rate maintained a high level. However, PTA Market prices did not change much. It is expected that the price of PX market will remain volatile in the later period.