Recent domestic isobutyraldehyde price trend

As can be seen from the above figure, the domestic isobutyraldehyde market price fell sharply this month. The quotation fell from 16533.33 yuan / ton on November 1 to 8400.00 yuan / ton on November 30, down 8133.33 yuan / ton, or 49.19%. Overall, isobutyraldehyde market fell sharply this month.

From the manufacturer’s quotation, the price of mainstream domestic isobutyraldehyde manufacturers fell this month, the manufacturer’s inventory was general, and the downstream demand was poor. The quotation of lihuayi isobutyraldehyde at the end of the month was 8400 yuan / ton, which decreased by 8100 yuan / ton compared with the beginning of the month; Shandong Zhenkun isobutyraldehyde offered 8400 yuan / ton at the end of the month, down 8100 yuan / ton compared with the beginning of the month; Liaocheng yuanze isobutyraldehyde offered 8400 yuan / ton at the end of the month, down 8100 yuan / ton compared with the beginning of the month.

Insufficient upstream support and weakening downstream demand

From the perspective of upstream and downstream industrial chains, the upstream propylene market suffered twists and turns this month, and fell slightly on the whole. The quotation fell from 8175.50 yuan / ton on November 1 to 7620.50 yuan / ton on November 30, a decrease of 6.79%, a year-on-year decrease of 1.53% compared with the same period last year. The cost support was insufficient, which had a negative impact on isobutyraldehyde. The market price of downstream neopentyl glycol decreased slightly, and the quotation decreased from about 20000 yuan / ton at the beginning of the month to 17000 yuan / ton at the end of the month, down 3000 yuan / ton. The downstream market fell slightly, and the downstream purchasing enthusiasm for isobutyraldehyde weakened. On the whole, the upstream and downstream products had a negative impact on the price of isobutyraldehyde this month.

The market outlook fell slightly

The domestic isobutyraldehyde market may fluctuate slightly in the middle and early December. Recently, the price of upstream propylene has decreased slightly, the cost support has weakened, the downstream neopentyl glycol market has decreased slightly, the downstream enthusiasm for isobutyraldehyde procurement has weakened, and the product trend has declined under the contradiction between supply and demand. Isobutyraldehyde analysts of business society believe that under the influence of supply and demand and raw materials in the short term, the domestic isobutyraldehyde market may fluctuate and decline slightly.

1、 Price trend

According to the monitoring data of business agency, the price of baking soda was adjusted and operated this month. The average market price at the beginning of the month was 3553.33 yuan / ton, and the average market price at the end of the month was 3500 yuan / ton, with a price decrease of 0.09%. On November 29, the commodity index of baking soda was 235.62, the same as yesterday, down 0.09% from the highest point 235.84 in the cycle (2021-11-10), and up 166.93% from the lowest point 88.27 on December 22, 2020. (Note: the period refers to the period from September 1, 2020 to now)

2、 Market analysis

According to the business agency, the price of baking soda is strong, and the demand in the downstream market is good in the near future. At present, the price of baking soda in Henan is about 3500-3600 yuan / ton. For the price of baking soda in Hebei, the mainstream market quotation is about 3500-3600 yuan / ton, the downstream demand is good, and the price is expected to be strong in the later stage.

Raw materials: according to the monitoring data of business society, the price of soda ash is weak this month. At present, the mainstream market price of light soda ash in East China is about 3500-3600 yuan / ton. The price of soda ash in North China is relatively strong, and the current market price of light soda ash is about 3300-3500 yuan / ton. Generally speaking, short-term soda ash prices are dominated by weak operation.

Demand: in the downstream, the demand for baking soda in medicine, textile and food is general in the near future, and the price of baking soda has been adjusted and operated in the near future. Business analysts believe that the price of soda upstream is weak, and the downstream demand is general. In the downstream, the demand for baking soda in medicine, textile and food is generally in the near future. Generally speaking, the price of baking soda will continue to consolidate the operation market in the short term, depending on the downstream market demand.

According to the data monitored by the business agency, as of November 29, the average quotation price of domestic premium DMF enterprises was 14800.00 yuan / ton. The DMF price fell this month, down 15.43% compared with the same period last month, reaching 2700 yuan / ton. At present, the mainstream price is 14800-15000 yuan / ton, and the overall trend is weak and volatile.

In the first ten days of November, the DMF market went up and fell slightly. Compared with the beginning of this week, the price fell by 300 yuan / ton. At present, the mainstream price range is about 15200 yuan / ton. The DMF market is weak and downward. At present, the supply side is tight, the procurement atmosphere is general, and the overall market is weak. In the consolidation stage, the upstream methyl alcohol is temporarily stable and the room for rise is limited.

The upstream methanol is stable and weak, and the average price of methanol production enterprises is 3056 yuan / ton. In terms of methanol spot market, there are slight differences among regions, and the ups and downs are reflected. The trend of coal is still short, or it will drag the futures disk. On the premise that the supply and demand structure has not been completely improved, the upward resistance of the market is large, and the spot market of methanol may fall.

In late November, the DMF market went up and fell slightly, down 1.99% compared with the price at the beginning of this week. At present, the mainstream price range is about 14800 yuan / ton, and the DMF market is weak and downward. At present, the supply side is tight, the procurement atmosphere is general, and the overall market is weak. In the consolidation stage, the upstream methanol is temporarily stable and the room for rise is limited.

As of November 22, the average price of domestic methanol production enterprises was 2973 yuan / ton. The overall market transaction atmosphere is flat. At present, the international oil price has fallen sharply, Brent has fallen below $80 / barrel, methanol futures operate in shock, and the short-term methanol market is mainly sorted out.

On November 28, the chemical index was 1158 points, unchanged from yesterday, down 17.29% from the highest point of 1400 points in the cycle (2021-10-23), and up 93.65% from the lowest point of 598 points on April 8, 2020. (Note: the period refers to the period from December 1, 2011 to now)

DMF analysts of business agency believe that DMF is expected to operate stably in December, with narrow range and weak operation. (to know more about the latest industry market trends, welcome to pay attention to the official account of the business community, obtain commodity information, and grasp the price of commodities).

Price trend

According to the bulk list data of business society, the domestic PA66 market fell in November, and the spot price of individual brands decreased significantly. As of November 26, the average ex factory price of PA66 adhesive injection molding sample enterprises of business society was about 38850 yuan / ton, with an increase or decrease of – 2.88% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: in the upstream, the domestic adipic acid price fluctuates weakly this month. Recently, both cost and supply and demand are bad for the adipic acid market, and the demand is expected to improve little. Comprehensively, there is still room for loosening the adipic acid price. Adiponitrile has not improved much. The loss of production capacity of large international factories and the shortage of overseas transportation capacity are still affecting the market, and the supply shortage has not improved. Due to the high dependence on imports of adiponitrile, most domestic PA66 production loads are forced to operate at a low level.

The price of upstream raw material adiponitrile is high, and the cost side support of PA66 is acceptable. In November, the operating rate of the industry was still mainly affected by the shortage of adiponitrile. Except Zhejiang Huafeng, the operating rate of PA66 enterprises decreased. In terms of imported materials, the overseas shipping capacity is low, the medium and long-term import and export goods of each port are insufficient, and the inventory position is not high. In terms of demand, the buyer took the goods slowly, the seller’s confidence weakened, and the offer decreased.

Future forecast

Business analysts believe that the spot price of PA66 fell in November. The shortage of adiponitrile at the raw material end has not been improved. The overall load of the polymerization plant is low due to the lack of raw materials, and the support of the supply end for the spot is OK. However, end users have a strong resistance to high price goods, the purchase operation is biased to just need to maintain production, and the on-site trading volume is weak. It is expected that PA66 may continue to operate in a weak adjustment in the near future.

According to statistics, the domestic ammonium nitrate market price trend fell this week. As of the 19th, the market price of ammonium nitrate was 4380 yuan / ton, down 8.09% from 4700 yuan / ton at the beginning of the week, up 48.97% year-on-year.

This week, the market price trend of domestic ammonium nitrate fell sharply. The unit operation of domestic ammonium nitrate manufacturers was stable. Recently, the supply of goods in the field was sufficient, the delivery of goods in the field was general, the manufacturer’s inventory was not high, the coal price in the upstream of the terminal fell, the price of liquid ammonia fell sharply, and the affected price of ammonium nitrate fell. Recently, the shipment market of ammonium nitrate manufacturers is normal, and the downstream purchases on demand. Recently, the demand for nitro compound fertilizer in the downstream is poor. The domestic downstream civil explosive industry is in the peak sales season. The demand for ammonium nitrate is normal, and the operation of domestic ammonium nitrate manufacturers is normal. Affected by raw materials, the market price of ammonium nitrate is falling. Up to now, the mainstream negotiation in Shaanxi is 3900-4000 yuan / ton, the mainstream negotiation in Shandong is 3800-4000 yuan / ton, and the price in Hebei is 4900-5100 yuan / ton.

The price trend of domestic concentrated nitric acid fell this week. As of the 19th, the average price of domestic nitric acid was 2766.67 yuan / ton, down 7.78% from the price of 3000 yuan / ton at the beginning of the week. Shaanxi Xinghua offers 2800 yuan / ton; Anhui Jinhe offers 2750 yuan / ton. Recently, the operation of domestic nitric acid plants is stable, the supply of concentrated nitric acid market is normal, and the delivery of goods on the site is poor. Recently, the price trend of nitric acid on the site has declined, the price of raw nitric acid has declined, which is bad for the ammonium nitrate Market, and the price trend of ammonium nitrate has declined.

The price of upstream liquid ammonia fell sharply this week. As of the 19th, the price of liquid ammonia was 4380 yuan / ton, down 10.05% from 4896.67 yuan / ton at the beginning of the week. The trading center of Shandong, Hebei and other regions moved downward, with an overall decline of more than 400 yuan / ton, and the mainstream transaction price of liquid ammonia was 4200-4400 yuan / ton. On the supply side, the overall supply this week showed a loose pattern, the operating rate in the main production areas was generally high, the liquid ammonia shipments of enterprises in East China, two lakes and other regions increased, some fertilizer enterprises reduced their own use, and a large amount of ammonia release was also an important reason for the increase in supply. The demand for superimposed urea is insufficient and the inventory is higher, which further puts pressure on the supply of liquid ammonia. Dealers mainly offer low prices, and downstream purchases take goods normally, mainly just in need. At present, with the increase of manufacturers’ shipments, there are more sources of goods in the market, and the inventory has increased significantly compared with the previous period. The sharp decline in the price of upstream liquid ammonia has a certain negative impact on the ammonium nitrate Market, and the market price trend of ammonium nitrate has dropped.

Recently, the demand of the downstream civil explosive industry is acceptable. The market demand for ammonium nitrate is normal, and the spot supply of ammonium nitrate Market is normal recently. However, the price trend of raw material market has fallen sharply, which has a certain negative impact on the ammonium nitrate Market. The ammonium nitrate analysts of business society believe that the market price of ammonium nitrate may continue to decline in the later stage.

DOTP prices rose slightly this week

According to the data monitoring of business agency, the DOTP price rose slightly this week, and the overall DOTP market recovered. As of November 19, the price of DOTP was 12275 yuan / ton, up 0.51% from 12212.50 yuan / ton last weekend (November 12); This week, DOTP prices hit the bottom and rebounded, and the DOTP market recovered.

Isooctanol prices bottomed out and rebounded this week

According to the price monitoring of business agency, the price of isooctanol rose slightly this week, and the isooctanol market hit the bottom and warmed up. Downstream customers purchase and stock goods, the price of isooctanol rises briefly, the cost of plasticizer DOTP rises, and the driving force of DOTP rise increases.

PTA prices fell slightly this week

According to the price monitoring of business agency, the sharp decline of international crude oil price weakens the cost support of PTA, the performance of terminal demand orders is poor, PTA continues to gradually enter the inventory accumulation cycle, the demand follow-up is insufficient, and PTA price shocks are weak. The raw material market weakened and the cost of DOTP decreased, which was bad for the DOTP market.

PVC market stopped falling and rebounded this week

According to the price monitoring of business society, the PVC market rebounded from the bottom this week, and the overall PVC price fell slightly this week. The PVC disk was strong, the futures PVC price fluctuated and rose, which boosted the rising atmosphere of the spot market, the enterprise quotation was tentatively increased, the market trading atmosphere gradually improved, the focus began to move up, and the PVC spot price stopped falling and warmed up. PVC market rose, which was good for DOTP market.

Future expectations

Bai Jiaxin, DOTP data analyst of business agency, believes that affected by the weakening of crude oil and poor demand, PTA prices fluctuated and fell, isooctanol prices rebounded at the bottom, DOTP cost support weakened, and DOTP has great downward pressure; On the demand side, PVC prices stopped falling and rebounded, the PVC market was warming, the demand for plasticizers was expected to rise, and the upward momentum of DOTP increased. Overall, the plasticizer DOTP has increased the momentum of future rise, and the downward pressure still exists. It is expected that the price shock of DOTP will stabilize.

1、 Price trend

According to the bulk list data of business society, pure benzene fell continuously this week, and the price fell broadly. On November 14, the price of pure benzene was 7450-7650 yuan / ton (average price 7560 yuan / ton), and on Sunday (November 21), the price of pure benzene was 6700-7250 yuan / ton (average price 6920 yuan / ton), with an average price of 640 yuan / ton or 8.47% lower than that of last week; Compared with the same period last year, it increased by 63.36%.

2、 Analysis and review

Crude oil fell in shock this week, the price weakened broadly, and the cost support collapsed. Within the week, it was reported that the No. 4 atmospheric and vacuum distillation unit of Zhejiang Petrochemical had been fed, and the supply of pure benzene increased in the later stage; The purchase enthusiasm of downstream is not high, the inventory of Shandong local refining enterprises is accumulated, the cargo from East China arrives at the port, and the inventory at the main port is increased; The continuous decline of downstream styrene also depressed the market mentality. This week, Sinopec reduced the price of pure benzene by 600 yuan / ton twice to 6950-7000 yuan / ton.

In terms of external trading, Asian pure benzene fell in the external trading this week. On Friday (November 19), the reference price of pure benzene in the Korean market was US $938 / T, down US $23 / T, or 2.39%, month on month (MOM) on November 12; The reference import price in East China was US $950 / T, down US $45 / T or 4.52% month on month on November 12.

In terms of crude oil, crude oil fluctuated and fell this week, and the price fell broadly. The epidemic situation in Europe worsens again, and the demand for crude oil may be frustrated; The United States may release strategic oil reserves, and the number of active oil rigs in the United States continues to increase this week. The possibility of an increase in crude oil supply also depresses oil prices. Month on month (MOM) on November 12, Brent fell 3.28 USD / barrel, or 3.99%; WTI fell $4.69/barrel, or 5.81%.

Downstream: styrene: the price of styrene fell continuously this week. The price of sample enterprises was 9025 yuan / ton on November 12 and 8575 yuan / ton on November 19, down 4.99% from last week and 3.65% from the same period last year. Energy and chemical commodities are generally weak, the basic expectation of styrene is weak, the mentality of merchants is damaged, and there is a lack of bottom buying and price chasing cooperation in the field. Although the port continues to go to the warehouse sharply, styrene is weak due to the production of new units in December, increased supply and bearish overall capital market.

Aniline: the price of aniline stabilized after a wide decline this week. As of the 12th, the price in Shandong was 13000-13260 yuan / ton; The price of aniline in Nanjing was 13600-13700 yuan / ton, down 3.41% from last week, up 67.09% from the beginning of the year and 92.23% from the same period last year.

3、 Future forecast

In terms of crude oil, the recent high gasoline price in the United States may still release strategic reserves. OPEC + still maintained the original production increase plan to support oil prices. Continue to pay attention to the impact of the global epidemic, OPEC + decisions on crude oil production, the inventory dynamics of crude oil and refined oil in the United States, and the global economic situation on crude oil prices.

Downstream: the downstream main product styrene: the cost side support of styrene is weakened. In addition, the supply is expected to increase, and the downstream spot demand continues to be weak. Overall, it is expected that there will be more negative aspects of styrene in the short term and will still be weak consolidation.

The recent trend of crude oil fluctuated and fell, or continue to be bad for the pure benzene market. The trend of styrene is weak, but some downstream units are expected to restart, and the demand for pure benzene may increase. This week, the price of pure benzene fell broadly or stimulated downstream purchase. It is expected that the decline of pure benzene will ease next week, dominated by weak consolidation. Pay attention to downstream market, domestic benzene plant dynamics, crude oil, external market and other trends on the price of pure benzene.

According to the monitoring of business agency, the price index of domestic rare earth market remains high. Recently, the trend of domestic praseodymium neodymium rare earth market is relatively stable, and the direct price of heavy rare earth market drops slightly. On November 21, the rare earth index was 749 points, which is the same as yesterday, 25.10% lower than the highest point 1000 points in the cycle (2011-12-06), and 176.38% higher than the lowest point 271 points on September 13, 2015. (Note: the period refers to the period from December 1, 2011 to now).

Recently, the domestic light rare earth market price has maintained a high level. Recently, the price trend of mainstream praseodymium neodymium commodities in the rare earth market is mainly stable. In terms of products:

It can be clearly seen from the product price trend chart that the domestic prices of neodymium oxide, metal neodymium and metal praseodymium are stable, the prices of praseodymium oxide are slightly lower, and the prices of praseodymium neodymium oxide and praseodymium neodymium alloy are slightly higher. On the whole, the price changes little, and the market trend is stable. As of November 22, the price of neodymium oxide in rare earth in China was 817500 yuan / ton, which was flat this week; The price of praseodymium oxide was 835000 yuan / ton, and the price trend fell by 0.6% this week; The price of praseodymium neodymium oxide was 787500 yuan / ton, and the price trend rose by 0.32% this week; The price of praseodymium neodymium alloy is 960000 yuan / ton, with a rise of 0.79% this week; The price of metal praseodymium is 1.08 million yuan / ton, which is stable this week; The price of neodymium is 990000 yuan / ton. The price is stable this week. The domestic light rare earth market is relatively stable. There is a strong wait-and-see mood in the field, and the light rare earth market price remains at a high level.

The domestic rare earth market is fair, the supply and demand structure changes little, the demand for high-end magnetic materials is normal, the proportion of frequency conversion air conditioners in domestic household appliances continues to increase, the penetration rate of Nd-Fe-B continues to increase, and the demand is fair. In addition, the strong demand for permanent magnet and the rapid development of new energy industry have driven the development of many industries. The upstream material rare earth permanent magnet has also caught the “express” of new energy. The main rare earth raw materials of high-performance Nd-Fe-B are light rare earth praseodymium and neodymium oxide, heavy rare earth dysprosium oxide and terbium oxide, which are used in new energy vehicles, wind power, energy-saving frequency conversion air conditioning, traditional vehicles and other fields. The sales of new energy vehicles are normal. The demand for rare earths is high, and the price of rare earth oxides is maintained. When there is no lock order, the rare earth metal factory mainly focuses on wait-and-see and purchases cautiously. At the same time, the national environmental protection inspector is still continuing, the traditional peak demand season for rare earth is coming, superimposing the launch expectations of relevant policies of the rare earth industry, the supply and demand is expected to resonate with the policies, and the rare earth market continues to rise. In addition, the inventory of neodymium praseodymium oxide has been at a low level, the shipping willingness of the holders is low, and the rare earth price remains high. Finally, the shortage of rare earth supply continues. The supply of rare earth waste is also tight and the price is strong, and the price of praseodymium and neodymium oxide is upside down. With the arrival of the procurement cycle of magnetic material enterprises, the price of praseodymium neodymium system remains at a high level. According to statistics, the demand for new energy vehicles has increased. According to the data released by China Automobile Industry Association, in the first three quarters of 2021, the number of pure electric vehicles has increased by 1101000 year-on-year, and the number of plug-in hybrid vehicles has increased by 211000 year-on-year. The substitution effect on the fuel vehicle market is continuing. The demand for new energy is high in recent years, and the price of domestic light rare earth market remains high.

As can be seen from the trend chart, the price of dysprosium Series in China decreased slightly. As of the 22nd, the price of dysprosium oxide was 2.92 million yuan / ton, down 1.85% this week; Dysprosium ferroalloy price was 2.89 million yuan / ton, down 2.36% this week; The price of dysprosium metal was 3.78 million yuan / ton, down 1.69% this week; Domestic terbium prices rose and fell. Domestic terbium oxide prices were 10.65 million yuan / ton and metal terbium prices were 14.4 million yuan / ton. The transaction situation in the domestic rare earth market is general. The leading magnetic material factory mainly purchases on demand. Recently, it has been cautious to wait and see. The resistance to high priced rare earth has increased, and the domestic heavy rare earth market price has declined slightly. At present, the rare earth supply in Myanmar is still not smooth, the supply disturbance has further aggravated, and the global rare earth supply is relatively concentrated. Myanmar is one of the production areas second only to China and the United States. Myanmar has a great impact on the products in the domestic heavy rare earth market, and the domestic supply is tight. The production reduction risk of separation enterprises using Myanmar mines in the south is increased. Affected by this, the domestic heavy rare earth supply is tight. In addition, it is in the peak season of heavy rare earth, and the domestic heavy rare earth market price has little decline.

In addition, with the support of national policies, Wang Jiangping, Vice Minister of the Ministry of industry and information technology, pointed out in early July that the regulations on the administration of rare earth will be introduced as soon as possible. We expect that the regulations will be introduced with a high probability within this year, and the national level legislation will regulate the high-quality development of the rare earth industry. Industry insiders believe that this reflects the strengthening of government control over the rare earth industry, which is conducive to the healthy development of the industry. Since 2021, the accelerated promulgation of the regulations on the administration of rare earth will, on the one hand, make the industry have laws to abide by and promote the rare earth industry chain to embark on the road of virtuous circle development; On the other hand, it reflects China’s determination to strictly control the supply order of rare earth and support the price of rare earth as an important strategic resource. The overall demand for rare earth products is acceptable, and the price of domestic rare earth market remains high.

With the sustainable development of new energy vehicles, wind power and variable frequency air conditioning in the downstream of rare earth, the demand continues. In addition, the domestic rare earth supply is still tight and the inventory continues to decline. The recent on-site transaction market is OK, but the downstream procurement is not active recently and the wait-and-see mood is strong. Chen Ling, a business analyst, predicts that the price trend of rare earth market may remain high in the later stage, There is also room for a slight rise.

Price trend

According to the bulk list data of business society, domestic vitamin C operated smoothly this week, and the average price of food grade vitamin C was 48.67 yuan / kg, with no rise or fall.

According to the monitoring of business society, the domestic vitamin C market is running smoothly. At present, the mainstream price of food grade is 46-48 yuan / kg, and that of feed grade is 42-44 yuan / kg. Affected by double subtraction. Factory starts decreased, some factories stopped reporting, and prices tended to rise.

Upstream: the price of corn continues to fall. It is expected that the overall price of corn will continue to be moderately strong in most of November. After the latter ten days, with the further increase of corn supply, there is an opportunity for weak correction in its price.

The price of vitamin A remained stable this week, and the weekly average price of feed grade vitamin A remained stable at 296 yuan / kg. The mainstream price of vitamin A is 285-295 yuan / kg. It is reported that Zhejiang medicine raised the price to 360 yuan / kg on November 5. Under the guidance of price adjustment by large manufacturers, the market performance was strong, manufacturers stopped reporting, and traders supported the price.

The vitamin E market is running smoothly this week. The average price of feed grade vitamin E is stable at 90 yuan / kg, and the mainstream market quotation is around 90-95 yuan / kg. On October 18, XinHeCheng raised the price to 98 yuan / kg, and on November 5, Zhejiang Pharmaceutical raised the price to 108 yuan / kg. The price increased, the middlemen supported the price, and the downstream demand follow-up was OK.

Future forecast

Vitamin analysts of the chemical branch of business society believe that: Overall, the overall market of vitamins tends to be stable. In the future, pay close attention to the opening and parking status and delivery of enterprises.

Domestic p-xylene price trend:

As can be seen from the p-xylene trend chart, the market price trend of p-xylene this week was temporarily stable. As of the 12th, the ex factory price of domestic p-xylene was 7300 yuan / ton, which was the same as that at the beginning of the week, with a year-on-year increase of 69.77%.

Recently, the domestic p-xylene supply is normal, the domestic PX operating rate is more than 60%, the 600000 ton unit of Sinochem Hongrun Petrochemical operates stably, the unit of Yangzi Petrochemical operates stably, the unit of Pengzhou Petrochemical operates stably, the PX unit of Yangzi Petrochemical operates normally, the unit of Jinling Petrochemical operates stably, the unit of Qingdao Lidong operates at full load, and the unit of Qilu Petrochemical operates stably, About 50% of Urumqi petrochemical units have been started, and the domestic p-xylene supply is general, but some overseas units are still under maintenance. Due to the general downstream demand, the domestic p-xylene price trend remains stable. The closing price of international crude oil rose, and the external price of PX changed little. As of November 11, the closing prices were US $904-906 / T FOB Korea and US $922-924 / T CFR China. Recently, the operating rate of PX unit in Asia has been relatively stable. On the whole, the operating rate of p-xylene unit in Asia is more than 60%. The supply of PX goods in Asia is normal, and the closing price of PX has changed little, The domestic p-xylene market price trend is temporarily stable.

Crude oil prices rose slightly this week. The settlement price of the main contract of WTI crude oil futures in the United States was US $81.59/barrel, and the settlement price of the main contract of Brent crude oil futures was US $82.87/barrel. The international crude oil market was in a stalemate, mainly based on the concerns of us dollar strength and rising inflation expectations. However, the organization of Petroleum Exporting Countries and its allies (OPEC +) lowered their oil demand forecast for the fourth quarter of this year on Thursday, worried that high energy prices would drag down the pace of economic recovery. However, global demand continues to recover and energy shortage will continue in the short term. Although the price of natural gas in Europe has dropped, due to the substitution of oil, crude oil is in short supply. Especially in winter, heating will increase some demand. Medium and short-term demand will still be good for oil prices. Maintaining high oil prices will have a negative impact on the domestic petrochemical market, The price trend of p-xylene is temporarily stable.

The downstream PTA market price rose slightly this week. As of the 12th, the average PTA market price was 4900-5000 yuan / ton, and the PTA price rose by 1.2% this week. The PTA Market of raw materials rose slightly. In terms of units, Hengli Dalian 2.2 million tons began maintenance for about 20 days on November 5. Honggang Petrochemical’s 1.5 million tons unit plans to restart this weekend. Baihong 2.5 million tons plans to start maintenance for three weeks on December 1. Ineos 1.1 million tons unit plans to maintain maintenance for two weeks at the end of December. At present, the operating rate of the industry remains above 79%. The polyester Market in Jiangsu and Zhejiang downstream of the terminal is flat, the production and sales are poor, the enthusiasm for PTA procurement is not high, and the operating rate of the polyester industry is around 80%. The procurement is more cautious, mainly maintaining the procurement of just needed goods. The comprehensive startup rate of Jiangsu and Zhejiang looms is about 65%, with no obvious change. Recently, px-pta prices have been supported by the crude oil market, but the wait-and-see atmosphere of downstream factories has increased, the procurement enthusiasm is not high, the market situation of the textile industry is poor, and the market price trend of p-xylene is temporarily stable.

Chen Ling, PX analyst of business society, believes that the current crude oil price can be maintained, but the cost side support begins to weaken, the downstream PTA and textile market is poor, PTA stocks are accumulated, and the terminal demand is weak. It is expected that there is room for the market price of p-xylene to fall in the later stage.