Domestic price trends:

According to statistics, the domestic price of p-xylene has remained stable since August. The domestic price has maintained 7,000 yuan/ton, but the external price has remained low. Since August, the closing price of PX Asia has fallen by about 50 dollars/ton. The domestic PX market is highly dependent on the outside world. The lower external price is the same for the domestic market. Italian air influence.

International price trends:

In recent years, the domestic market price trend of p-xylene has been temporarily stable. The domestic PX start-up rate has maintained more than 70%, the Yangtze Petrochemical Plant has been running steadily, the Fuhaichuang Unit has started a line, the Pengzhou Petrochemical Unit has been running steadily, the Yangtze Petrochemical PX Unit has been running normally, the Jinling Petrochemical Unit has been running steadily, the Qingdao Lidong Unit has been operating at full load, and Qi The unit runs steadily. Urumqi Petrochemical Plant starts about 50%, Hengli Petrochemical Plant runs normally, domestic p-xylene supply is normal, and domestic market price changes little. However, affected by the decline in international crude oil prices, the price of PX outer disk keeps falling. The closing price in Asia is 771-773 US dollars/ton FOB Korea and 790-792 US dollars/ton CFR China. Recently, a 700,000-ton PX unit in Saudi Arabia and Amy is in parking and overhaul. There are still several PX units in overhaul in Asia. Overall, Asia is in the process of overhaul. The start-up rate of paraxylene plant is about 70%, and the supply of PX in Asia is normal. However, affected by crude oil prices, domestic purchasing intention is weakening, business offers are loose, more than 50% of domestic products need to be imported, and the closing price of PX external market is low in the domestic market.

Recently, the international crude oil price closed lower. As of 8 th, the price of WTI crude oil futures market in the United States was 52.54 U.S. dollars per barrel, Brent crude oil futures price was 57.38 U.S. dollars per barrel, crude oil closing price declined, which lost some cost support for downstream petrochemical products, and PX external price was affected lower.

Downstream PTA market prices declined. As of September 9, East China PTA market talks were around 5200-5300 yuan self-lifting. In August, PTA plant restart and maintenance coexisted. Fuhua Chemical Trade 4.6 million tons and Jiaxing Petrochemical 1.5 million tons were restarted. Yizheng Chemical Fiber 350,000 tons and Jialong Petrochemical 600,000 tons were stopped and repaired successively. Downstream polyester cash flow improved. The profit has been restored, some parking plants have been restarted, and the start-up load has been increased to 84%. There is a short-term replenishment action. However, textile terminal orders are still cold, just need to be prudently purchased. The comprehensive starting rate of looms in Jiangsu and Zhejiang is 62%. The production and marketing of polyester is low. Recently, the downstream polyester industry has started to increase slightly, which has brought some favorable support to the domestic PX market. The price trend of domestic PX market is temporarily stable.

Chen Ling, an analyst with business association PX, believes that crude oil prices have been volatile in the near future, but the downstream PTA market prices have slowed down, but the domestic and international PX supply has been normal in the near future. The downstream PTA market has started to maintain a high start-up rate, and the price of PX market is expected to remain volatile in the later period.