On September 17, the PX commodity index was 52.80, unchanged from yesterday, down 48.44% from its peak of 102.40 points in the cycle (2013-02-28), and up 15.92% from its low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).

According to statistics, the domestic market price trend of p-xylene was temporarily stable on the 17th. Hongrun 600,000 tons new plant was running steadily, Pengzhou Petrochemical Plant was running steadily, Urumqi Petrochemical Plant was started 50%, Fuhaichuang Aromatic Hydrocarbon Plant was starting a line, CNOOC Huizhou Refinery and Chemical Plant was overhauled, Hengli Petrochemical PX Plant was put into operation, and other units were running steadily. Temporarily stable operation, due to the normal domestic market supply of p-xylene, the market price trend of p-xylene is temporarily stable. The opening rate of PX units in Asia is about 80%. The closing price of p-xylene in Asia rose by 41 US dollars per ton on September 16. The closing price is 804-806 US dollars per ton FOB in Korea and 823-825 US dollars per ton CFR in China. More than 50% of the domestic units need to be imported. The sharp rise of foreign prices has certain effect on the domestic market price of p-xylene. Good impact, but the domestic market price trend is temporarily stable.

On September 16, the price of WTI crude oil futures rose sharply to $62.90 per barrel, an increase of $8.05. Brent crude oil futures rose sharply to $69.02 per barrel, an increase of $8.8. As a result of terrorist attacks, Saudi Arabian Amy Company fired at its factories in Bugaig and Kules, resulting in 5.7 million barrels per day of crude oil. Stopping production, the supply of main production areas has been greatly reduced, and the price of crude oil has soared, which has brought some favorable support for downstream petrochemical products, and the price of external plate of p-xylene has been greatly affected. Recently, the textile industry has been on the rise, PTA market starting rate has risen slightly, PTA price has risen slightly. The average price of offer in East China is around 5400-5500 yuan/ton. As of 16 days, domestic PTA starting rate has risen to 97.7%, and polyester industry starting rate is about 91%. Due to the increase of PTA supply in the PTA market, the trading atmosphere is general, and the buying rate is about 91%. Traders dominate, sporadic polyester factories follow-up, driven by the rise in crude oil prices downstream PTA market prices slightly higher, is expected to maintain PX market prices in the short term or 6600 yuan/ton.