Core Viewpoint - The recent surge in paraxylene (PX) futures prices is influenced by fluctuations in crude oil prices, with a notable increase of 2.33% observed in the main contract [1] Group 1: Market Analysis - The main paraxylene futures contract reached a peak of 6984.0 yuan, closing at 6940.0 yuan [1] - Domestic PX production for the week was reported at 6.6933 million tons, reflecting a week-on-week increase of 0.4% [1] - The average domestic PX capacity utilization rate was 82.67%, up 0.32% from the previous week [1] Group 2: Demand and Supply Dynamics - The average PTA capacity utilization rate was 75.01%, down 0.91% from the previous week, with PTA production at 1.3841 million tons, an increase of 15,800 tons week-on-week [1] - PX load increased to 84.3%, a rise of 2.3% compared to the previous week [1] - Import statistics indicate that in July 2025, China's mainland PX imports totaled approximately 782,000 tons, marking a 2.2% increase month-on-month and a 23.7% increase year-on-year [1] Group 3: Future Outlook - Short-term PX prices are expected to follow crude oil price trends, with resistance around 7050 yuan and support near 6600 yuan [1] - The market anticipates a potential short-term adjustment in PX prices, with a focus on cost factors and macroeconomic policy changes [1]
短期供需环比转弱 对二甲苯预计随原油价格波动
Jin Tou Wang·2025-08-21 06:15