Weekly Review: &Nbsp, PX Weekly Market Overview

2011/2/26 15:36:00 41

The price of PX is basically stable this week, and the market atmosphere is relatively mild.

At present, the spot price of CFR China's main port is 1670 U.S. dollars / ton, compared with the price a week ago, it dropped by 7 US dollars / ton, FOB Korea.

Spot price

It was 1650 US dollars / ton, which was basically the same as last weekend.

The main reason for this week's impact on the PX market should be upstream.

From the perspective of crude oil, the recent surge in prices is supportive of the mentality of the PX market.

The aromatics market is also gradually strengthening under the driving force of crude oil prices, so the price of PX has no shortage of continuing strength.

The domestic heterogeneous MX ports are fully stock and the sellers are expecting higher prices, so the delivery is not positive, and the price of goods is basically stable.

Of course, from the lower reaches, though nearly two days in Zhengzhou

PTA

The diving performance of the futures market is a big surprise, and the spot price of PTA has begun to go down slightly. But in the recent overall situation, PTA performance is still relatively stable, which should be more favorable for the development of PX market.

Due to the arbitrage of Asia Europe and America, traders are shipping from Asia to Europe and America.

Source of supply

Tighten up.

ExxonMobil and Japan's launch of the PX contract price in March were 1750, 1730 US dollars / ton respectively, reflecting the tight supply situation of PX in Asia.

The market outlook should not be too bad, but if the downstream PTA market goes down again, it will still have a certain effect on the PX market.