Domestic price trend:

From the trend chart of p-xylene, it can be seen that the price of p-xylene was temporarily stable this week. By the end of the week, the domestic ex factory price of p-xylene was 7100 yuan / ton, which was the same as that at the beginning of the week, with a year-on-year increase of 47.92%. The price trend of domestic PX market was temporarily stable this week.

In recent years, the domestic supply of p-xylene is normal, and the domestic PX operating rate is more than 60%. The 600000 ton unit of Sinopec Hongrun Petrochemical Co., Ltd. operates stably, the Yangzi petrochemical unit operates stably, the Pengzhou petrochemical unit operates stably, the Yangzi Petrochemical PX unit operates normally, the Jinling Petrochemical Unit operates stably, the Qingdao Lidong unit operates at full load, and the Qilu petrochemical unit operates stably, The start-up of Urumqi petrochemical plant is about 50%, and the domestic supply of p-xylene is general. However, some overseas plants are still under maintenance, and the domestic price of p-xylene remains high due to the impact. Recently, the closing price of international crude oil has declined, and the trend of PX external price has remained high. As of the 8th, the closing price of Asian region is 892-894 US dollars / ton FOB Korea and 910-912 US dollars / ton CFR China. In recent years, the operating rate of PX unit in Asia has not changed much. As a whole, the operating rate of PX unit in Asian region is more than 60%, the supply of PX in Asian region is general, and the PX external price has remained high, The price trend of domestic p-xylene market is temporarily stable.

Crude oil prices fell this week. The settlement price of the main contract in the US WTI crude oil futures market was at US $72.94/barrel, while the settlement price of the main contract in the Brent crude oil futures market was at US $74.12/barrel. Previously, affected by the stranding of OPEC negotiations, oil prices fell for two consecutive days, with a significant decline. The rebound on Thursday was mainly supported by the US Energy Information Administration (EIA) commercial crude oil inventory data, which showed that US crude oil and gasoline inventories fell more than expected last week. Crude oil prices fell slightly this week, which was bad for domestic petrochemical prices, and the price trend of p-xylene was temporarily stable.

This week, the price trend of PTA Market in the lower reaches declined. As of the 9th, the average price of PTA market was 4950-5000 yuan / ton, with a decrease of 4.18% this week. International crude oil prices have declined, and the role of cost support has weakened. The PTA plant has been running stably in the near future, and the supply side has performed normally. This week, the PTA operation rate is about 81.5%. The PTA delivery situation is general, and the on-site delivery situation is general. However, the pressure of new production capacity is still huge, and the price is lack of action on the trend. Polyester production and marketing has little change, the international epidemic has been controlled to a certain extent, but the follow-up orders of the textile industry are weak. The profits of domestic textile industry are concentrated in the spinning process. The lower reaches of the textile industry do not have a high acceptance of the fabric price rise, and the price transmission is not smooth. There is still downward pressure on the yarn price, which may further affect the price performance of the raw material end. Recently, the domestic PTA market price was affected by crude oil, the price fell, the downstream market was general, and the price trend of p-xylene market was temporarily stable.

Business community PX analyst Chen Ling believes that the current cost performance is general, short-term crude oil prices fluctuate high, coupled with the downstream PTA and textile market trend has risen, it is expected that the market price of p-xylene will remain stable in the future.