1、 Price trend

The price of calcium carbide in Northwest China rose slightly this week. This week, the average ex factory quotation price of mainstream calcium carbide manufacturers increased from 2430.00 yuan / ton at the beginning of the week to 2563.33 yuan / ton at the end of the week, up 133.33 yuan / ton or 5.49%, and 15.03% lower than the same period last year. Overall, this week’s calcium carbide market rose slightly, the carbide commodity index on July 24 was 67.16.

2、 Trend analysis

From the manufacturer’s quotation, the calcium carbide factory price in Northwest China rose slightly this week: the carbide price of ovicanon at the end of this week was 2500 yuan / ton, which was 50 yuan / ton higher than that at the beginning of the week; the carbide price of Inner Mongolia union of China was 2540 yuan / ton at the end of this week, which was 50 yuan / ton higher than that at the beginning of the week; the price of calcium carbide in Xingping of Ningxia was 2600 yuan / ton this weekend, which was 300 yuan / ton higher than that at the beginning of the week.

Overall, the actual transaction price of calcium carbide in Northwest China is about 2500-2600 yuan / ton this weekend: the mainstream transaction price of calcium carbide in Shaanxi is about 2500 yuan / ton; the mainstream transaction price of calcium carbide in Ningxia is about 2600 yuan / ton; the mainstream transaction price of calcium carbide in Inner Mongolia is about 2500 yuan / ton, and the actual transaction price is mainly through negotiation.

From the calcium carbide upstream and downstream industry chain, upstream raw material market, orchid charcoal factory quotation this week temporarily stable. At present, the quotation of small materials is 560 yuan / ton, that of medium materials is 580 yuan / ton, and that of large materials is about 750 yuan / ton. The low price consolidation of upstream raw materials and the general cost support have a negative impact on the price of calcium carbide.

Downstream market prices, PVC factory prices fell slightly this week. The price of PVC decreased from 6500.00 yuan / ton at the beginning of the week to 6450.00 yuan / ton at the end of the week, a decrease of 0.77%, but a decrease of 4.34% compared with the same period last year. This week, the PVC price fell slightly, the market was general, and the downstream purchasing enthusiasm for calcium carbide was also general. Overall, the PVC market this week had a favorable impact on the price of calcium carbide. However, the supply of calcium carbide is insufficient in the near future, and the procurement is tight.

3、 Future forecast

In late July, calcium carbide market fluctuated slightly and rose mainly. The price of raw materials in the upstream is low, which generally supports the price of calcium carbide. Although the downstream PVC market has declined, the decline is limited. The downstream customers have a good enthusiasm for purchasing calcium carbide, and the calcium carbide production capacity is insufficient at this stage, and the supply of calcium carbide is relatively tight. The later market forecast that the price of calcium carbide in Northwest China will rise slightly in late July.

1、 Price trend

According to the monitoring data of the business agency, the average ex factory price of ammonium sulfate in China on July 20 was 566 yuan / ton, while that on July 24 was 563 yuan / ton. The price fell by 0.59% this week.

On July 24, the ammonium sulfate commodity index was 47.14, unchanged with yesterday, 55.65% lower than 106.28 (2012-05-24), and 28.62% higher than the lowest point of 36.65 on June 23, 2014. (Note: period refers to 2011-09-01 to now)

2、 Market analysis

This week, the domestic market of ammonium sulfate fell slightly, the transaction was stable, and the export was good. The main ex factory quotation of ammonium sulfate in Central China is about 550-650 yuan / ton, that of Henan Province is 500-580 yuan / ton, that of Hebei Province is 470-600 yuan / ton, that of Shandong Province is 550-620 yuan / ton, that of East China is 550-650 yuan / ton, that of North China is 500-650 yuan / ton The main ex factory quotation of ammonium sulfate is 520-630 yuan / T.

This week, the downstream compound fertilizer market is mainly stable. Autumn fertilizer has not been started yet, and the raw material procurement is not active, and the demand is mainly on demand. In the short term, the purchase of ammonium sulfate for compound fertilizer is limited, and the market is weak and stable.

3、 Future forecast

Business Club ammonium sulfate analysts believe that the current coking grade ammonium sulfate Market Transaction stability, the market fluctuations. The domestic demand of ammonium sulfate has not improved, and the export situation is good. It is expected that in the short term, ammonium sulfate will fluctuate in a small range.

According to the data monitoring of business agency, as of July 24, the average ex factory price of domestic butanone market was 6266.67 yuan / ton, which was 167 yuan / ton or 2.59% lower than the price on Monday (July 20), 333 yuan / ton, or 5.05%, or 767 yuan / ton, or 10.90%, compared with the price on July 1. The maximum amplitude was from July to July 23.

In the first ten days of July, the market of butanone remained stable for several days after falling

At the beginning of July, the market of butanone can maintain stable operation temporarily. Since July 7, due to the cold market situation and weak downstream demand, the price of butanone market fell slightly, falling around 100-200 yuan / ton. Subsequently, the downstream demand continued to be weak, and the market inquiry atmosphere was always cold. The butanone market fell all the way to the middle and late July (July 17). According to the data monitoring of the business agency, the reference price of butanone factory was 6433.33 yuan / ton on the 17th. Compared with the price on July 1, the average price of butanone decreased by 600 yuan / ton, or 8.53%. After half a month’s sharp decline, the market price of butanone has basically dropped to a low point. The factory has a strong attitude of stabilizing the price, and the market of butanone has entered the stage of temporary consolidation and stabilization.

Insufficient demand is difficult to support butanone market falling again this week

At the beginning of this week, the atmosphere of inquiry in the butanone market is still general. Under the low price, the downstream demand is still insufficient. At present, the inventory pressure of the factory is not reduced. On the 23rd, the offer of butanone market in many regions is weakening again. According to the data monitoring of the business agency, the reference price of butanone factory is 6266.67 yuan / ton, which is 167 yuan / ton lower than that at the beginning of this week The atmosphere of inquiry in the regional butanone market was general, with the ex factory price of butanone at around 6500 yuan / ton, down 50 yuan / ton compared with that on the 22nd; the inquiry in the East China butanone market was weak, with the ex factory price reference of butanone around 6300 yuan / ton, down 50 yuan / ton compared with the 22nd; the butanone market in North China fell slightly, with the ex factory price reference of butanone around 5800 yuan / ton, down 50 yuan / ton compared with the 22nd.

In terms of supply and demand, at present, the downstream demand of butanone market remains cold, the market inquiry atmosphere is flat, and the factory inventory pressure is still large. As of the 24th, the market price of butanone is relatively stable, and the downstream industry is mainly waiting-and-see, and the market is relatively low.

In the upstream sector, the overall market of liquefied natural gas (LNG) rose in July, with a large rise. As of July 24, the reference price of liquefied natural gas was 3060 yuan / ton, which was 10.87% higher than that on July 1 (2760.00). At present, the civil LPG market in Shandong continues to rise strongly, with the range of 100-200 yuan / ton. The market transaction atmosphere is good, and the current mainstream transaction price is 3200 yuan / ton. With the continuous rise of prices, the resistance mentality in the downstream is breeding, and the enthusiasm for entering the market has declined. It is expected that the subsequent market will gradually stabilize.

At present, it is obvious that the price of butanone factory is looking forward to rising, but the downstream demand has not been effectively boosted. Therefore, it is expected that the market will stabilize the price in the short term. There is also a secondary market that adjusts the ex factory price of butanone according to its own inventory, profit and other factors. Whether it will drive the market trend, we need to pay more attention to the supply and demand news.

1、 Price data

As of July 17, the mainstream ex factory average price of domestic refining and hydrotreating naphtha was 4540 yuan / ton, down 0.17% from 4550 yuan / ton at the beginning of the week. The actual transaction price of hydrotreated naphtha in local refining was about 4350-4500 yuan / ton.

The naphtha commodity index on July 17 was 56.00, unchanged with yesterday, down 45.43% from 102.62 (2012-09-24), and 32.58% higher than the lowest point of 42.24 on July 19, 2016. (Note: period refers to 2012-09-01 to now)

2、 Analysis of influencing factors

Last week, the price of naphtha decreased slightly, and the pressure of inventory gradually appeared.

Upstream: according to the monitoring of the business agency, the international crude oil market fluctuates within a narrow range of 40 US dollars, with the positive and negative market offsetting each other, and the market sentiment falls into anxiety. On the one hand, the economy is still in a slow recovery period, and various economic indicators are in order. At present, the rhythm and effect of oil production reduction in oil producing countries are also commendable. On the other hand, the epidemic situation in the United States, Brazil and other countries is still relatively serious, and the number of new cases continues to soar, which makes the worry about crude oil demand rise obviously, and the oil price falls into a bottleneck period.

Downstream: according to the monitoring of business agency, the domestic toluene market price continued to fall last week. As of Friday, the domestic average price was about 3400 yuan / ton, down 2.29% from the previous week. The domestic xylene market price also fell last week. As of Friday, the domestic average price was about 3580 yuan / ton, down 2.72% from the previous week. Domestic inventory pressure gradually highlights, the risk of oversupply has been hyped again.

3、 Future forecast

Energy analysts of the business agency believe that the naphtha refining industry fell slightly last week, the manufacturers gradually accumulated their stocks, and the downstream purchasing sentiment was general. It is expected that the price of local refining and hydrogenation naphtha will continue to decline in the near future, with the average price range of 4200-4400 yuan / ton.

According to the monitoring data of the business agency, as of July 17, the average price of silicone DMC market quotation in the mainstream areas of data monitoring was around 16366 yuan / ton. Compared with that on July 12, the average price of silicone DMC decreased by 1100 yuan / ton, or 6.30%. Compared with July 1, the average price was 1167 yuan / ton, a decrease of 6.65%.

At the beginning of July, silicone DMC did not rise well enough and mainly supported the price

Since July, the downstream demand of silicone DMC has been weakened, and the market is not driven by enough momentum. Most monomer manufacturers mainly focus on stabilizing the price. During this period, a few factories adjusted the ex factory price in order to stimulate the market of silicone DMC.

Demand hindered silicone DMC plunges 6.30% week

Silicone DMC market fell sharply this week. Due to the increasing rain in southern China, the demand for silica gel and other products in the terminal construction field has been decreasing. With the strong wait-and-see mood in the downstream, the purchasing atmosphere is cold and the demand is seriously insufficient, the silicone DMC city made a factory offer on Wednesday. On Monday (July 13), most monomer factories lowered the ex factory quotation of silicone DMC by 300-800 yuan / ton. The reference price of DMC was 16866 yuan / ton, which was 600 yuan / ton lower than the average market price of the previous weekend (12 days), down 3.44%, and the low-end quotation fell to 16500 yuan / ton. However, the fall in price did not effectively drive the downstream stock mood. I heard that the number of new orders was still small, and the price generally fell by 500 yuan / ton. The market was still waiting and waiting. On Wednesday (July 15), some manufacturers lowered the DMC quotation again by 300-500 yuan / ton, to the mainstream quotation of silicone DMC was around 16500-17200 yuan / ton, and the low quotation fell to 16200 yuan / ton. Then, the market is mostly bearish, and only those whose inventory has been exhausted in the downstream will replenish on demand, while those who hoard and stock up are few. On Friday (July 15), the market price of DMC was lowered by 200-400 yuan / ton. According to the monitoring of the business agency, the reference average price of silicone DMC has dropped to 16366 yuan / ton, the mainstream quotation is 16200-17000 yuan / ton, and the low quotation has dropped again by 200 yuan / ton, which has dropped to 16000 yuan / ton. At present, there are not many plant maintenance and the overall operating load is high.

According to the business agency: the following is the current major enterprises silicone DMC prices and plant start-up (for reference only)

Enterprise name: silicone total capacity price (tax included) plant operation

Zhejiang Xin’an Chemical Co., Ltd., 340000 tons / year, 16500 yuan / ton, full load operation, purified water delivery

Tangshan Sanyou Chemical Co., Ltd., 200000 tons / year – shutdown and maintenance of the plant, no offer

Inner Mongolia hengyecheng 240000 T / a 16500 unit starts to operate and the purified water is delivered to

Zhejiang Zhongtian 120000 T / a – plant maintenance offer temporarily

The 150000 T / a 17000 yuan / T plant in Jinling, Shandong province runs smoothly, and the purified water is delivered in cash

Luxi Chemical Plant 80000 tons / year 16000 yuan / ton unit normal operation

Inner Mongolia hengyecheng 240000 / T 17200 yuan / T unit normal operation

In the upstream, since the beginning of July, the metal silicon market has been stable as a whole. At present, the social stock of silicon metal is relatively stable, and the spot stock of low-grade silicon is relatively tight. Some silicon factories are determined to stand up for price, and the supply of low-cost goods is reduced. Since July, the market quotation has stabilized and rebounded, with a slight increase. According to the data of business agency, on July 16, the average market price of domestic silicon metal (441) was 10633.33 yuan / ton, an increase of 1.35% compared with the average price of 10491.67 yuan / ton at the beginning of the month (7.1). The price range of 441 silicon metal in Fujian is 10200-10400 yuan / ton; that of Sichuan is 10400-10500 yuan / ton; that of Tianjin port is 10700-10800 yuan / ton; that of Huangpu port is 10600-10700 yuan / ton. At present, the supply and demand is stable. Considering the cost factors, the manufacturers have strong willingness to bid, but based on the actual transaction is weak, it is expected that the upstream and downstream game of silicon metal will intensify in the near future, and the approximate rate will mainly maintain stable operation in the near future.

On the downstream side, affected by the decline of silicone DMC, the raw rubber and mixed rubber market also went down with the weak trend. At present, the quotation reference of raw rubber mainstream areas is 17900-18400 yuan / ton; the actual transaction price is loose, with reference to 17400-17800 yuan / ton. The atmosphere of inquiry in the field is general, and most transactions are small orders, and they are mainly used as soon as they are purchased. In terms of silicone oil, the market price was also weak, with shocks and falls. Affected by the plum rain season, the purchasing speed of downstream silicone rubber products enterprises slowed down, and the wait-and-see sentiment increased. At present, the overall market situation is mainly weak.

Inventory accumulated silicone DMC still has downward risk

At present, the shipment of silicone DMC is generally in general. Under the high starting level, the factory inventory has gradually accumulated. Therefore, in order to increase the shipment in the future market, the market price of silicone DMC still has the risk of falling again. In the future market, more attention should be paid to the downstream replenishment and replenishment.

According to the data monitored by the business agency, as of July 14, the price quoted by pet water bottle manufacturers was 5600 yuan / ton, which was 1.47% lower than that of the same period last week. The pet market is in a weak position, the transaction center is low, and the overall trend is stable. At present, the mainstream quotation range is between 5400 yuan and 5600 yuan / ton.

Pet market is in a weak position, with high inventory, insufficient follow-up of downstream demand, and inactive purchasing attitude. Most of them just need to purchase, and the upstream inventory is accumulated, and polyester bottle chips lose cost support. At present, the mainstream manufacturers in East China are offering around 5400-5550 yuan / ton, and the mainstream market negotiation is around 5300-5400 yuan / ton. At present, the price of Xiamen Tenglong is 5550 yuan, Yuan / ton: Guangdong Taibao 5550 yuan / ton, Zhuhai China Resources 5550 yuan / ton, Zhejiang wankai 5550 yuan / ton, Yizheng Chemical fiber 5450 yuan / ton. The terminal demand is slightly weak due to rainstorm weather, and the market recovery needs a certain time.

The upstream PTA is weak in operation, with high inventory, slow shipment and poor transaction atmosphere, which makes it difficult to form a good support for pet cost. The market negotiation focus is weak, and the main thing is to wait and see carefully

On July 13, the rubber and plastic index was 628 points, unchanged with yesterday, 40.75% lower than 1060 (2012-03-14), and 18.94% higher than the lowest point of 528 on April 06, 2020. (Note: period refers to 2011-12-01 to now)

Pet analyst of business club thinks: pet market will maintain weak operation in the short term, and there is possibility of price falling. (the above prices are provided by major pet manufacturers all over the country and analyzed by pet business analysts for reference only. Please contact relevant manufacturers for more price details.)

1、 Price trend

This week, the factory price of urea in Shandong rose slightly, and the quotation rose from 1643.33 yuan / ton at the beginning of the week to 1650.00 yuan / ton at the end of the week, an increase of 0.41%, and a decrease of 14.36% compared with the same period last year. Overall, the urea market rose slightly this week, and the urea commodity index on July 10 was 76.74.

2、 Market analysis

From the manufacturer’s quotation, the mainstream urea factory price in Shandong this week rose slightly. Yangmei plain urea quoted 1640 yuan / ton at the end of this week, which was temporarily stable compared with the beginning of the week; Shandong Ruixing urea quoted 1630 yuan / ton at the end of this week, which was increased by 30 yuan / ton compared with the beginning of the week; the urea of Mingshui Chemical Co., Ltd. was shut down for maintenance this week and was expected to ship on July 14.

From the perspective of market demand, at present, there is some agricultural demand in North China and central China, but the support is weak; in terms of industrial demand, the downstream compound fertilizer and plate enterprises have low operating load, and their procurement is cautious. They purchase on demand, use as they are purchased and follow up appropriately. In terms of supply: the early production reduction and maintenance devices have been restored, and the spot supply has increased slightly. International: India’s mmtc announced a new round of urea bidding on July 9. The bid opening date is July 17, the bid closing date is July 24, and the shipping date is August 20.

From the perspective of upstream and downstream industrial chain, the overall price of urea upstream products rose slightly this week: the price of liquefied natural gas rose slightly, with the quotation rising from 2443.33 yuan / ton at the beginning of the week to 2453.33 yuan / ton at the end of the week, with an increase of 0.41%, and a year-on-year decrease of 23.97% compared with the same period last year; the price of liquid ammonia rose slightly this week, with the quotation rising from 3083.33 yuan / ton at the beginning of the week to 3116.67 yuan / ton at the end of the week. It increased by 1.08%, decreased by 4.88% compared with the same period last year. Overall, the urea cost support this week is strong. This week, the quotation of melamine downstream of urea was temporarily stable, with a price of 5066.67 yuan / ton. The downstream rubber sheet factory had a general enthusiasm for urea procurement, which had a negative impact on the urea price.

3、 Future forecast

In the middle of July, the market of urea in Shandong Province fluctuated slightly. According to urea analysts of the business club, the current agricultural demand is slightly down, and the single downstream industry is more active in urea procurement. In addition, with the printing mark approaching, it is expected that the short-term urea market will rise slightly.

The domestic market of cyclohexanone fell sharply. According to the monitoring data of business agency, the average price of domestic cyclohexanone producers was 6000 yuan / ton at the beginning of the week, and 5650 yuan / ton at the weekend, a decrease of 5.83% during the week. The price was 12.40% lower than that of the same period last month and 29.08% lower than that of the same period last year.

The cyclohexanone market continued to fall during the week. During the week, Sinopec’s pure benzene was listed at 3100 yuan / ton, the spot market was relatively strong, the cost side support was relatively stable, and the downstream caprolactam was weak. On July 7, the listing price of Sinopec caprolactam this week was 10400 yuan / T (liquid premium products were accepted and self raised in June) by 400 yuan / ton, and the spot market weakened to 10600-10800 yuan The chemical fiber will be purchased on demand within the week. The cyclohexanone factory will release some chemical fiber orders. However, the spot supply in the market may still be abundant. The quotation of the factory will fluctuate and the market will remain stable.

Raw materials, pure benzene: Shandong market rose during the week, regional differences are larger. After falling to 2800 yuan / ton, downstream and traders have been buying bottom, and the market trading atmosphere is strong. The pressure of local refining inventory was relieved, and the supply of low-cost goods was continuously reduced. However, the local refiners in Dongying are cautious about the future market of pure benzene, and the shipment is not so good, so the price is close to 2950 yuan / ton. The mainstream price of other refineries is 3000-3100 yuan / ton, and high-end shipment is hindered.

Caprolactam: the caprolactam market continued to fall this week. At the beginning of the week, the main listed prices fell. Shenyuan’s offer this week was lowered by 400-10600 yuan / ton, while Sinopec’s was lowered by 400-10400 yuan / ton on Tuesday, which had a negative impact on the spot market. The downstream demand was in the off-season in July, and the inventory of spinning and polymerization factories’ order list had accumulated. Some enterprises had a small negative impact. In the market downturn, the downstream raw material purchasing rhythm slowed down, The demand for caprolactam slowed down.

Adipic acid: all aspects of adipic acid market are waiting for the wind this week, and the overall situation is weak and stalemate. At present, crude oil fluctuates in a narrow range, and there is still a price difference of about 400 yuan / T between the main listing of pure benzene and the external market, and the cost support is weak. However, the adipic acid plant has not made a statement, and the listing is still at a high level, which limits the operation space of middlemen. Downstream wait-and-see mood is strong, the enthusiasm of inquiry into the market is not high.

On the cost side, due to the port storage tank full, there are still ships waiting for unloading, the pure benzene is weak next week, and the possibility of vibration is relatively high. From the supply side, the Fengxi unit of Yangquan Coal Co., Ltd. plans to restart in the near future, and the spot supply of each device is normal, and the spot supply is expected to increase slightly. On the demand side, the downstream caprolactam supply is abundant or there is further inventory pressure, so it is difficult to make large-scale external mining. Cyclohexanone analysts from the business community predict that the short-term cyclohexanone market will be weak and stable, and pay special attention to the external procurement of chemical fiber market.

1、 Price trend

According to the data from the business club’s bulk list, the trend of domestic toluene market was stable this week. As of Friday, the domestic average price was about 3480 yuan / ton, down 0.57% month on month.

2、 Analysis and comment

The overall price of toluene this week is stable. At present, the downstream demand is general, and the market trading atmosphere is not active. Compared with the previous period, the market price is slightly weak. At present, the mainstream price in East China is about 3500 yuan / ton. As the outlook for crude oil supply and demand is not clear, the market is concerned about the trend of oil price and the secondary spread of overseas epidemic situation, the impact of the global economic recession on crude oil demand, and the news of the meeting of the OPEC + Joint Ministerial supervision committee, which will meet again on July 15.

Upstream, in terms of crude oil, the overall fluctuation of international oil prices this week was not big. On the one hand, the new crown epidemic in the United States and other countries broke out again, raising demand concerns. Libya may resume production, and OPEC may reduce the scale of production reduction in August, which puts pressure on oil prices. However, the economic data showed good performance, the global stock market rose, which boosted the confidence of economic recovery, improved the prospect of crude oil demand, and EIA crude oil inventory was large As a result, Russia’s output has declined, providing support for oil prices. As of early Friday morning, spot Brent was up 5.76%, Brent futures was up 5.29%, WTI futures was up 5.46%, and Dubai futures was up 1.93%.

In terms of downstream, TDI, the market continues to decline, dealers’ offers continue to go down, and the downstream mentality tends to be cautious. At present, the domestic goods with bill of lading are quoted at 9500-9700 yuan / ton, and Shanghai goods with bills are quoted at 9900-10000 yuan / ton. It is expected that the short-term TDI market will still be weak. In terms of PX market, the listed price of Sinopec’s enterprises in China this week is about 4800 yuan / ton, and the latest price of external disk is about 523 US dollars / ton FOB Korea and 541 US dollars / ton CFR China. It is expected that the PX market will maintain a stable trend in the short term.

3、 Future forecast

In the short term, the supply cost side, OPEC + production reduction, the total number of us oil drilling wells and EIA inventory situation are considered by toluene analysts of business club chemical branch. In the medium term, on the demand side, the economic and trade situation in Europe and the United States, the impact of the second outbreak in Europe and the United States on the economic restart of crude oil demand, and the recovery progress of the industrial chain. Next week, we will focus on the secondary spread of overseas epidemic situation, the impact of global economic recession on crude oil demand, and the trend of international crude oil. On the whole, it is expected that the domestic market price of toluene will adjust slightly next week.

According to statistics, the price trend of domestic p-xylene factory rose sharply this week, with an average price of 4800 yuan / ton at the weekend, which was 11.63% higher than the price of 4300 yuan / ton at the beginning of the week, with a year-on-year decrease of 31.43%.

The domestic PX operating rate is less than 70%. Hongrun’s 600000 ton new unit is running stably, Huizhou refining and chemical plant is running stably, fuhaichuang plant is operating in one line, Pengzhou petrochemical plant is running stably, Yangzi Petrochemical PX unit is running normally, Jinling Petrochemical plant is running smoothly, Qingdao Lidong unit is operating at full load, Qilu Petrochemical plant is running stably The start-up of Urumqi petrochemical plant is about 50%, and Hainan refining and Chemical Co., Ltd. has started a production line. During the shutdown of Zhenhai Refining and chemical plant, Hengli petrochemical plant is running normally, and the domestic p-xylene supply is slightly tight, and the domestic p-xylene market price trend is rising. This week, the operating rate of PX units in Asia is about 70%, and the supply of PX goods in Asia is normal. This week, the external price of PX has risen slightly. As of the end of the week, the closing prices of PX market in Asia are 513-515 USD / T FOB Korea and 533-535 USD / T CFR China. Affected by the rise of international crude oil price, the external price of PX goes up this week, and more than 40% of domestic products need to be imported The rise of PX external market closing price has a certain positive impact on the domestic market, and the domestic PX market price trend has increased significantly.

WTI crude oil futures market in the United States rose slightly this week. As of the 2nd, the price of WTI crude oil futures market in the United States rose, with the settlement price of main contracts at US $40.65/barrel. The price of Brent crude oil futures market rose, and the settlement price of main contracts reached us $43.14/barrel. The rise of oil price was mainly supported by the decrease of unemployment rate and the decrease of crude oil inventory in the United States. Meanwhile, the market was intensified by the second outbreak of the epidemic Worried about the weakening of economic activities in the future, the price trend of domestic p-xylene market rose sharply, supported by the rising price of crude oil.

This week, the price trend of downstream PTA market declined. By the end of the weekend, East China PTA Market negotiation was around 3600-3700 yuan. PTA price dropped by 0.05% this week. Recently, the starting load of PTA industry was 91%, and crude oil price rose to support PTA market price. Up to now, conventional products in textile industry are unsalable, and there is no bright spot support in the market. As a result, weaving manufacturers continue to enter the accumulated inventory week Period. Judging from the current market situation, domestic trade competition is fierce, foreign trade recovery is difficult, weaving manufacturers will continue to accumulate inventory, if there is no substantial change in the future market, the starting rate of manufacturers may further decline. At present, there are about 43 days in the raw cloth warehouse in Jiangsu and Zhejiang, and about 41 days in the same period of last year. It is still necessary to observe the substantial recovery in the field. The short-term accumulation of PTA is difficult to change. However, the price fluctuation of downstream PTA market has a certain negative impact on PX market. Affected by the support of crude oil price, the domestic p-xylene price trend rises.

On the whole, the demand of textile industry is still not significantly improved, the order performance is unstable, and the terminal demand is poor. For upstream PX on-demand procurement, the rise of crude oil price is the biggest advantage of PX market price.

Chen Ling, PX analyst of business agency, believes that the recent trend of crude oil price remains strong, but the operating rate of downstream textile enterprises is low, and domestic PX market supply is normal. It is expected that the PX market price will maintain about 4800 yuan / ton next week.