On November 4, China’s domestic p-xylene price trend was temporarily stable

On November 4, the PX commodity index was 54.40, unchanged from yesterday, down 46.88% from 102.40 (2013-02-28), the highest point in the cycle, and up 19.43% from 45.55, the lowest point on February 15, 2016. (Note: cycle refers to 2013-02-01 to now).

According to statistics, on April 4, the domestic market price trend of p-xylene was temporarily stable, the operation of new 600000 ton plant in Hongrun was stable, the operation of petrochemical plant in Pengzhou was stable, 50% of petrochemical plant in Urumqi was started, one line of aromatics plant in Fuhai Chuang was started, CNOOC Huizhou refining and chemical plant was overhauled, the PX plant in Hengli Petrochemical was put into operation, and other units were temporarily stable. As the new plant was put into operation, the domestic The market supply of xylene is normal, and the market price trend of p-xylene is stable temporarily. The operating rate of PX plant in Asia is about 80%. On November 1, the closing price of PX market in Asia dropped by 4 US dollars / ton, and the closing price was 765-767 US dollars / ton fob in South Korea and 785-787 US dollars / ton CFR in China. Over 50% of domestic PX plant needs to be imported. The fluctuation of external market price has a certain negative impact on domestic PX market price, but the price trend in domestic market is temporarily stable.

On November 1, WTI crude oil futures market rose to 56.20 US dollars / barrel, or 2.02 US dollars. Brent crude oil futures rose to 61.69 US dollars / barrel, or 2.07 US dollars. Oil production of the organization of Petroleum Exporting Countries (OPEC) rebounded in October from an eight year low as Saudi Arabia recovered rapidly after its largest crude oil processing plant was attacked by drones According to Bloomberg News Agency’s survey of government officials, ship tracking data and estimates from consulting companies including lesta energy, JBC energy and petro logistics, the 14 member countries of OPEC produced an average of 29.7 million barrels of oil per day in October, an increase of 1.11 million barrels per day over September, and the domestic price trend of p-xylene was stable. In recent years, the textile industry has been in a volatile market, the PTA Market operating rate has declined, and the PTA price trend has remained low. The average price of the offer in East China is around 4850-4950 yuan / ton. As of the first day, the domestic PTA operating rate is about 85%, and the polyester industry operating rate is about 87%. Due to the sufficient supply in PTA field and the general trading atmosphere, the purchase is dominated by traders, followed by sporadic polyester factories, and affected by crude oil price The market price of PTA in the downstream is slightly lower due to the shock, and it is expected that the market price of PX will maintain 6800 yuan / ton in the short term.