Price trends:

According to statistics, this week’s domestic ex-factory price of p-xylene is stable, with an average weekend price of 8,400 yuan/ton, a temporary stabilization over the price of 8,400 yuan/ton at the beginning of the week, an increase of 12% over the same period last year.

2. Market analysis:

Products: This week, the domestic market price trend of p-xylene is temporarily stable, the domestic PX start-up rate maintains more than 70%, Huizhou refining and chemical plant stops, Fuhai start-up plant starts a line, Pengzhou petrochemical plant runs steadily, Yangtze petrochemical PX plant runs normally, Jinling petrochemical plant runs smoothly, Qingdao Lidong plant runs steadily at full load, Qilu petrochemical plant runs steadily, Urumqi petrochemical plant runs steadily. Starting at about 50%, Hengli Petrochemical Plant operates normally, domestic p-xylene supply is normal, recent international crude oil price shocks, domestic p-xylene market price trend is temporarily stable. The opening rate of p-xylene plant in Asia is more than 70% this week. The supply of PX in Asia is normal. The price of PX external market fluctuates this week. The closing price of this week is 1046-1048 US dollars/ton FOB Korea and 1065-1067 US dollars/ton CFR China. More than 50% of domestic products need to be imported. The closing price of PX external market remains fluctuant, and the price trend of domestic PX market is stable temporarily.

Industry Chain: Domestic crude oil prices have not changed much this week. As of November 11, the price of WTI crude oil futures market in May was $63.58 per barrel, Brent crude oil futures market in June was $70.83 per barrel, crude oil closing price shocks, which has a supporting effect on the cost of downstream petrochemical products. The price trend of PX Market is temporarily stable. This week, the downstream PTA market price trend slightly declined. As of the end of the week, the East China PTA market talks were around 6700-6800 yuan. This week, PTA prices fell. The upstream raw material PX market price trend was stable. This week, PTA plant start-up rate maintained about 80%, while downstream polyester plant start-up rate was about 90%, textile start-up rate in Jiangsu and Zhejiang increased to about 83%, downstream PTA and polyester products start-up rate increased to about 83%. Up, PTA price decline has a negative effect on the market price of p-xylene, and the market price trend of p-xylene is temporarily stable.

Industry: This week, the textile industry has been in a turbulent situation. The start-up rate of the textile industry has increased, the price of crude oil has risen slightly, and the market of raw material PX is stable.

3. Future market forecast:

Chen Ling, an analyst with business association PX, believes that crude oil prices have risen slightly in the near future, but PTA market prices have slightly declined, downstream textile industry start-up rate has not changed much, domestic p-xylene market supply is normal, and PX market prices are expected to remain volatile next week.