PX Price Chart & Market Analysis 2026

PX Price Information Spec: China national standards;≥99.7%｜Premium grade

Newest Price 1,559.48

Price Date 20261010

Day's Change +89.11

Day's Range 1,559.48 - 1,648.59

Month's Change -72.55

Month's Range 1,469.96 - 1,397.42

Year's Change +303.89

Year's Range 1,282.84 - 978.95

Opinions

How does crude oil price volatility impact PX producers and downstream polyester chains?

For equity investors, oil strength favors coal-based chemical producers over oil-based ones, since coal prices rise less. In futures, the same logic suggests long coal-chemical/short oil-chemical spreads. But remember, integrated players may tolerate losses at one node to optimize whole-chain profits.

Why is China's PX capacity now the world's largest, yet imports remain significant?

Watch the 2026 capacity pipeline: PX additions of 5-6 million tons are planned, while PTA sees zero new capacity. That flips the historical imbalance and could shift pricing power downstream, favoring PTA margins over PX in futures spreads.

Why are Chinese private firms dominating PX supply while state giants lag?

The next wave is going overseas. With domestic refining capacity already exceeding 9.4 billion tons and competition intense, private polyester giants like Tongkun and Xinfengming are jointly building integrated projects in Indonesia, where product gaps are larger and margins potentially better.

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Overview

Para-xylene (PX, 1,4-dimethylbenzene, CAS 106-42-3) is a colourless, flammable liquid with a characteristic aromatic odour, immiscible with water and miscible with common organic solvents. It is the core raw material of the polyester industry chain, with over 98% of output used to produce purified terephthalic acid (PTA).

Polyester chain: feedstock for PTA and DMT, which are polymerised into PET and PBT for polyester fibres, films, and bottle resins.
Industrial: intermediate for coatings, dyes, pesticides, and pharmaceuticals.
Textiles: one tonne of PX yields about 1.7 tonnes of polyester fibre, substituting roughly 12 mu of cotton farmland.

China has become the world's largest PX producer, with capacity exceeding half of the global total and concentrated in East, North, and South China. Domestic supply has grown rapidly through integrated refining projects, reducing reliance on imports. Non-petroleum routes such as CO2 hydrogenation are under research but remain commercially challenging.

Key domestic producers:
Hengli Petrochemical – operates a large integrated refining and aromatics complex.
Rongsheng Petrochemical – major PX and PTA producer.
Sinopec – state-owned refiner with multiple PX units.

Properties

Name

1,4-Dimethylbenzene

1,4-xylene

C6H4(CH3)2

Dibencoside

CAS Number

106-42-3

EINECS No.

203-396-5

Risk Codes

S25;S45;S36/37;S16;S7

Safety Description

R10;R20/21;R38;R39/23/24/25;R23/24/25;R11

HS Code

2902430000

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ChemPriceHub

PX Price Information Spec: China national standards;≥99.7%｜Premium grade

Opinions

How does crude oil price volatility impact PX producers and downstream polyester chains?

Why is China's PX capacity now the world's largest, yet imports remain significant?

Why are Chinese private firms dominating PX supply while state giants lag?

Latest News

On October 10, Sinopec raised the price of para-xylene (PX).

On October 8, Sinopec Sales Co., Ltd. maintained a stable price for para-xylene (PX), with the current execution price at 990 RMB/ton.

On September 30, Sinopec Sales maintained a stable price for para-xylene (PX), with the current execution price set at RMB 990.

Sinopec raises the ex-factory price of paraxylene (PX).

On September 29, Sinopec raised the price of para-xylene.

On September 28, the closing price of para-xylene (PX) in the U.S. region declined.

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