On October 15, the PX commodity index was 54.40, unchanged from yesterday, down 46.88% from 102.40 (2013-02-28), the highest point in the cycle, and up 19.43% from 45.55, the lowest point on February 15, 2016. (Note: cycle refers to 2013-02-01 to now).

According to statistics, on the 15th, the domestic market price trend of p-xylene was temporarily stable, the operation of new 600000 ton plant in Hongrun was stable, the operation of petrochemical plant in Pengzhou was stable, 50% of petrochemical plant in Urumqi was started, one line of aromatics plant in Fuhai Chuang was started, CNOOC Huizhou refining and chemical plant was overhauled, the PX plant in Hengli Petrochemical was put into operation, and other units were temporarily stable. As the new plant was put into operation, the domestic The market supply of xylene is normal, and the market price trend of p-xylene is stable temporarily. The operating rate of PX plant in Asia is about 80%. On October 14, the closing price of p-xylene market in Asia dropped by 8 US dollars / ton, and the closing price was 785-787 US dollars / ton fob in South Korea and 805-807 US dollars / ton CFR in China. More than 50% of domestic products need to be imported. The decline of external market price has a certain negative impact on the domestic market price of p-xylene, but the domestic market price trend is temporarily stable.

On October 14, WTI crude oil futures market in the United States fell to $53.59/barrel, down $1.11, while Brent crude oil futures fell to $59.35/barrel, down $1.16. According to OPEC’s October oil market report, the crude oil output of 14 OPEC countries in September was about 28.49 million barrels / day, down 1318 tons / day, mainly Saudi Arabia ala. Production declined in Burma and Iraq, but crude oil production increased in Angola and Congo. In September 2019, OPEC crude oil accounted for 0.8% of the total global output, down to 29.3% from the previous month. The rise of crude oil price has cost support impact on downstream petrochemical products, and the domestic p-xylene price trend is stable. In recent years, the textile industry market has been volatile, PTA Market operating rate has declined, PTA price trend has been volatile, the average price of offer in East China is around 5100-5200 yuan / ton, and the domestic PTA operating rate is about 87.3% as of the 14th day, and the polyester industry operating rate is about 89.5%. Due to the sufficient supply in PTA field and general transaction atmosphere, traders are the main buyers, sporadic polyester factories follow up, and crude oil price shocks. The downstream PTA market price remains low, and it is expected that the PX market price will maintain 6800 yuan / ton in the short term.