On September 24, 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 24th. 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. The operation is stable for the time being. As the market supply of p-xylene is normal when the new unit is put into operation, the market price trend of p-xylene is stable for the time being. The opening rate of PX plant in Asia is about 80%. The closing price of p-xylene market in Asia rose 2 US dollars/ton on September 23. The closing price is 787-789 US dollars/ton FOB in Korea and 806-808 US dollars/ton CFR in China. More than 50% of the domestic units need to be imported. The fluctuation of foreign prices has a negative impact on the domestic market price of p-xylene. However, the domestic market price trend is temporarily stable.

On September 23, WTI crude oil futures market in the United States rose to $58.64 per barrel, an increase of $0.55. Brent crude oil futures rose to $64.77 per barrel, an increase of $0.49. Uzakbe Karabalin, deputy chief executive of Kazakhstan Energy Association, said that Kazakhstan’s annual oil processing capacity would exceed that of Kazakhstan. Seventeen million tons. Karabalin made the above speech at the 6th International Conference on Petroleum Processing and Petrochemical Industries in Caspian Sea and Central Asia. The rising price of crude oil has limited impact on downstream petrochemical products and higher price of xylene. Recent textile industry volatility, PTA market start-up rate maintained high, PTA price trend temporarily stable, the average price of East China in the vicinity of 5200-5300 yuan/ton self-raised, as of 23 days domestic PTA start-up rate is about 90%, polyester industry start-up rate is about 89%, due to PTA market supply increase, trading atmosphere is general, to traders to buy. Mainly, sporadic polyester factories follow-up, affected by crude oil price shocks downstream PTA market prices remain low, it is expected that the PX market price will maintain 6600 yuan/ton in the short term.