According to statistics, the price trend of domestic p-xylene factory rose sharply this week, with an average price of 4800 yuan / ton at the weekend, which was 11.63% higher than the price of 4300 yuan / ton at the beginning of the week, with a year-on-year decrease of 31.43%.

The domestic PX operating rate is less than 70%. Hongrun’s 600000 ton new unit is running stably, Huizhou refining and chemical plant is running stably, fuhaichuang plant is operating in one line, Pengzhou petrochemical plant is running stably, Yangzi Petrochemical PX unit is running normally, Jinling Petrochemical plant is running smoothly, Qingdao Lidong unit is operating at full load, Qilu Petrochemical plant is running stably The start-up of Urumqi petrochemical plant is about 50%, and Hainan refining and Chemical Co., Ltd. has started a production line. During the shutdown of Zhenhai Refining and chemical plant, Hengli petrochemical plant is running normally, and the domestic p-xylene supply is slightly tight, and the domestic p-xylene market price trend is rising. This week, the operating rate of PX units in Asia is about 70%, and the supply of PX goods in Asia is normal. This week, the external price of PX has risen slightly. As of the end of the week, the closing prices of PX market in Asia are 513-515 USD / T FOB Korea and 533-535 USD / T CFR China. Affected by the rise of international crude oil price, the external price of PX goes up this week, and more than 40% of domestic products need to be imported The rise of PX external market closing price has a certain positive impact on the domestic market, and the domestic PX market price trend has increased significantly.

WTI crude oil futures market in the United States rose slightly this week. As of the 2nd, the price of WTI crude oil futures market in the United States rose, with the settlement price of main contracts at US $40.65/barrel. The price of Brent crude oil futures market rose, and the settlement price of main contracts reached us $43.14/barrel. The rise of oil price was mainly supported by the decrease of unemployment rate and the decrease of crude oil inventory in the United States. Meanwhile, the market was intensified by the second outbreak of the epidemic Worried about the weakening of economic activities in the future, the price trend of domestic p-xylene market rose sharply, supported by the rising price of crude oil.

This week, the price trend of downstream PTA market declined. By the end of the weekend, East China PTA Market negotiation was around 3600-3700 yuan. PTA price dropped by 0.05% this week. Recently, the starting load of PTA industry was 91%, and crude oil price rose to support PTA market price. Up to now, conventional products in textile industry are unsalable, and there is no bright spot support in the market. As a result, weaving manufacturers continue to enter the accumulated inventory week Period. Judging from the current market situation, domestic trade competition is fierce, foreign trade recovery is difficult, weaving manufacturers will continue to accumulate inventory, if there is no substantial change in the future market, the starting rate of manufacturers may further decline. At present, there are about 43 days in the raw cloth warehouse in Jiangsu and Zhejiang, and about 41 days in the same period of last year. It is still necessary to observe the substantial recovery in the field. The short-term accumulation of PTA is difficult to change. However, the price fluctuation of downstream PTA market has a certain negative impact on PX market. Affected by the support of crude oil price, the domestic p-xylene price trend rises.

On the whole, the demand of textile industry is still not significantly improved, the order performance is unstable, and the terminal demand is poor. For upstream PX on-demand procurement, the rise of crude oil price is the biggest advantage of PX market price.

Chen Ling, PX analyst of business agency, believes that the recent trend of crude oil price remains strong, but the operating rate of downstream textile enterprises is low, and domestic PX market supply is normal. It is expected that the PX market price will maintain about 4800 yuan / ton next week.