On October 16, 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 16th, 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 plant was put into operation, and other units were temporarily stable. As the new plant was put into operation, 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 15, the closing price of p-xylene market in Asia dropped by 5 US dollars / ton, and the closing price was 780-782 US dollars / ton fob in South Korea and 800-802 US dollars / ton CFR in China. Over 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 15, WTI crude oil futures market in the United States fell to 52.81 U.S. dollars / barrel, or 78 U.S. dollars, while Brent crude oil futures fell to 58.74 U.S. dollars / barrel, or 61 U.S. dollars. According to the OPEC October oil market report, the crude oil output of 14 OPEC countries in September was about 28.49 million barrels / day, or 1318 tons / day, mainly due to Saudi Arabia’s ala. However, crude oil production in Angola and Congo increased. In September 2019, OPEC crude oil accounted for 0.8% of the total global output, down to 29.3% from the previous month. The crude oil price fell, which had limited cost support impact on downstream petrochemical products, and the domestic p-xylene price trend was stable. In recent years, the textile industry market is volatile, the PTA Market operating rate is declining, and the PTA price trend is slightly lower. The average price of the offer in East China is about 5000-5100 yuan / ton. As of 15 days, the domestic PTA operating rate is about 87.3%, and the polyester industry operating rate is about 89.5%. Due to the sufficient supply in PTA field and the general transaction atmosphere, the purchase is dominated by traders, followed by sporadic polyester factories, which are affected by the original oil price. The price of PTA in the downstream market is slightly lower due to grid shock, and it is expected that PX market price will maintain 6800 yuan / ton in the short term.