According to statistics, the trend of domestic p-xylene ex factory price this week is temporarily stable. The weekend average price is 4100 yuan / ton, which is the same as that at the beginning of the week, down 43.84% year on year.

The domestic market price trend of p-xylene is temporarily stable, the domestic PX operation rate is maintained at more than 70%, the operation of Hongrun 600000 ton new plant is stable, the operation of Huizhou refining and chemical plant is stable, the first line of fuhaichuang plant is started, the operation of Pengzhou petrochemical plant is stable, the operation of Yangzi Petrochemical PX plant is normal, the operation of Jinling Petrochemical plant is stable, the operation of Qingdao Lidong plant is full load, and the operation of Qilu Petrochemical plant is stable , Urumqi petrochemical plant starts at about 50%, Hengli petrochemical plant operates normally, domestic p-xylene supply is normal, domestic p-xylene market price trend on Friday. This week, the operating rate of PX plant in Asia is more than 70%, and the supply of PX goods in Asia is normal. The external price of PX rose slightly this week. As of the end of the week, the closing price of PX market in Asia was 504-506 US dollars / ton FOB South Korea and 524-526 US dollars / ton CFR China. Affected by the high price of international crude oil, the external price of PX rose this week, and more than 40% of domestic products need to be imported , the closing price rise of PX external market has a certain positive impact on the domestic market, and the price trend of domestic PX market is temporarily stable.

The price of WTI crude oil futures market in the U.S. fell slightly this week. As of the 11th, the settlement price of the main contracts in the U.S. WTI crude oil futures market was $36.34/barrel, and the settlement price of the main contracts in the Brent crude oil futures market was $38.55. The weekend of WTI crude oil and Brent crude oil fell sharply. After the restart of the economic fast forward key in Europe and the United States, the demand for crude oil rebounded, but the epidemic reversed The fear of a second attack on crude oil is now rising. U.S. stocks and the commodity futures market represented by crude oil tumbled on Thursday, with market worries dominating and risk assets selling again. The domestic market price trend of p-xylene was temporarily stable due to the negative factors of crude oil.

The price trend of PTA Market in the downstream of this week has declined. As of the end of the week, the price of PTA in East China had been negotiated around 3650-3750 yuan. This week, the price of PTA fell by 1.18%. Recently, the starting load of PTA industry is 83%. The slight drop of crude oil price has affected the price decline of PTA market. Up to now, the situation of PTA device repair in June is not clear, and the implementation of Xinjiang Zhongtai energy investment is still uncertain, especially to continue Pay attention to the maintenance of main devices, such as Yisheng and Tongkun. In the current situation of good profit, the overall domestic load will remain around 90% in June, PTA supply will continue to maintain a high level, the number of orders in the near future will start to rapidly reduce, and the market will enter the traditional off-season. The order performance is not stable, and the purchase of raw materials is mainly cautious. If the follow-up orders cannot be followed up in time, the possibility of loom load reduction will not be ruled out in the later period. The substantial recovery still needs to be observed. The short-term PTA stock accumulation situation is difficult to change, but the price decline of downstream PTA market has a certain negative impact on PX market, and the domestic p-xylene price trend is temporarily stable.

On the whole, the demand of textile industry has not improved significantly, the order performance is not stable, and the terminal demand is not good. For the upstream PX on-demand procurement, the PX market price trend is temporarily stable.

Chen Ling, an PX analyst at the business agency, thinks that the trend of crude oil price will remain volatile in the near future, but the operating rate of downstream textile enterprises will remain around 60%, and the supply of domestic PX market will be normal. It is expected that the PX market price will remain around 4100 yuan / ton next week.