<div id="readability-page-1"><div> China's Sinopec has finalized its paraxylene contract price for April at 9,765 yuan/mt ($1,429.84), up marginally by 0.15% from its March CP settlement, industry sources said on Monday. The company initially nominated its April CP at 9,700 yuan/mt, a 50 yuan/mt decrease from the March settlement. The adjustment follows a period of demand stabilization as Middle East geopolitical tensions eased, cooling the supply chain disruptions that previously drove prices higher in the local market. In addition, PX prices softened in April as feedstock shortages forced production cuts across the polyester chain. The average Chinese PX plant operating rate slipped 0.1 percentage point week on week to 79.7% on April 30, while the average purified terephthalic acid plant operating rate rose 1.3 percentage points week on week to 66.3%, remaining significantly depressed compared to last year's 82%. Similarly, while the average Chinese polyester plant run is hovering at 82.4%, this is lower by 11.4 percentage points year on year. Asian PX supply tightened as the second-quarter maintenance cycle began; however, this squeeze was mitigated by a parallel slowdown in the PTA sector, which curbed feedstock consumption. Notable domestic PX Chinese plants that saw turnarounds in April included Fujian Fuhaichuang Petroleum Chemical Industry Co.'s 800,000 mt/year plant in Fujian, Sinopec Jinling Co.'s 600,000 mt/year plant in Jiangsu and Zhejiang Petroleum and Chemical Co.'s 2 million mt/year plant in Zhoushan. Elsewhere in Asia, Ulsan Aromatics Co's 1 million mt/year plant in South Korea was also taken offline for maintenance. Exacerbating the PX supply tightness was a series of force majeure actions triggered by Middle East-related supply chain disruptions. On Tuesday, China's Hengyi Industries declared force majeure on supplies from its Pulau Muara Besar complex in Brunei following an upstream refinery disruption. Concurrently, Thai Paraxylene Co. issued a similar declaration for PX and other aromatics, citing feedstock shortages linked to regional geopolitical tensions. Both notices were dated April 28 and seen by OPIS. Earlier, on April 13, Hanwha TotalEnergies Petrochemical declared force majeure on PX supply due to delivery disruptions of raw materials required for production amid the Middle East conflict, according to a company notice seen by OPIS. Conversely, ongoing maintenance at Chinese PTA plants provided much-needed relief to the tightening PX market. Significant shutdowns included Hengli Petrochemical's Dalian units (4.7 million mt/year total), Sanfangxiang's Jiangyin facilities (3.2 million mt/year), and Xinfengming's Tongxiang plant (3 million mt/year). Collectively, these 10.9 million mt of PTA outages reduced PX demand by an estimated 7.14-7.19 million mt. This demand-side reduction, alongside lower PTA operating rates, kept PX demand stable compared to March and effectively prevented any significant price hikes. Sinopec has settled its April PTA CP at 6,570 yuan/mt, up 3.3% month on month amid tighter supply. The company utilizes a nomination and settlement mechanism to establish both PX and PTA monthly pricing with its customer base. Sinopec has nominated its May PX CP at 9,900 yuan/mt. <pre></pre> This content was created by Oil Price Information Service, which is operated by Dow Jones &amp; Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal. <pre></pre> --Reporting by Serena Seng, sseng@opisnet.com; Editing by Mei-Hwen Wong, mwong@opisnet.com <pre></pre> (END) Dow Jones Newswires May 04, 2026 01:51 ET (05:51 GMT)Copyright (c) 2026 Dow Jones &amp; Company, Inc.</div></div>

中国石化

汇添富中证油气资源ETF

国泰中证油气产业ETF

易方达中证石化产业ETF

博时中证油气资源ETF

华夏中证石化产业ETF

中国石化已将 4 月份的对二甲苯合同价格定为 9,765 元/吨，较 3 月份小幅上涨 0.15%。这一调整是由于中东地区地缘政治紧张局势缓解后需求稳定。尽管由于检修活动和不可抗力声明导致对二甲苯供应紧张，但 PTA 工厂的减产使得对二甲苯需求保持稳定。中国石化 4 月份的 PTA 价格为 6,570 元/吨，环比上涨 3.3%，5 月份的对二甲苯提名价格为 9,900 元/吨

中国石化 4 月份对二甲苯合同价格上涨，因需求稳定 — OPIS