According to statistics, the trend of domestic p-xylene ex factory price was temporarily stable this week, with an average price of 4300 yuan / ton at the weekend, which was temporarily stable compared with the price of 4300 yuan / ton at the beginning of the week, with a year-on-year decrease of 35.82%.

The domestic PX operating rate is about 60%. The operation of Hongrun 600000 ton new unit is stable, Huizhou refining and chemical plant is stable, fuhaichuang plant is on the first 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. Hengli petrochemical plant is in normal operation, the domestic p-xylene supply is normal, and the domestic p-xylene market price trend is temporarily stable. This week, the operating rate of PX units in Asia is about 70%, and the supply of PX goods is sufficient in Asia. This week, the price trend of PX external market rose slightly. As of the end of the week, the closing prices of PX market in Asian region were 567-569 USD / T FOB Korea and 585-587 USD / T CFR China. This week, the trend of PX external price rose. More than 40% of domestic products need to be imported, and the closing price of PX external market went The price trend of domestic PX market is stable temporarily.

The U.S. WTI crude oil futures market rose this week. As of the 11th, the settlement price of the main contract in the U.S. WTI crude oil futures market was at $46.78/barrel, the settlement price of the main contract in the Brent crude oil futures market was at $50.25/barrel. The international oil prices of WTI and Brent both rose sharply on Thursday. Brent broke through the $50 mark, mainly due to the boost of vaccines and the start of large-scale vaccination The market hopes that the rebound in fuel demand and the news of oil well attacks in Iraq offset the negative effects of the substantial increase in commercial crude oil inventories in the United States. The rising trend of international crude oil prices is a good support for domestic petrochemical products, and the price trend of domestic p-xylene market is temporarily stable.

This week, the downstream PTA market price decreased slightly. By the end of the weekend, the PTA Market in East China had been discussed for 3500-3600 yuan. Recently, the downstream PTA orders were OK. PTA enterprises had good production enthusiasm and did not have large-scale maintenance. As of December 10, the operating load of domestic PTA production enterprises was 93%, which was at the normal level. In the early stage, under the hype of “double 11 stock season”, the whole industry chain from clothing to fabric to weaving has entered the market peak, and the market has ushered in a wave of explosive growth. In addition, under the cold winter expectation, with the increasing demand for the lining materials of down jacket and cotton padded jacket, the factory once again cleared a batch of inventory, which relieved the production pressure. However, as the upsurge recedes, the traditional off-season characteristics are becoming more and more obvious, and there is a trend of accumulated inventory and reduced operation. At present, the domestic textile industry is generally performing, so the upstream PX price trend is mainly stable.

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

Chen Ling, PX analyst of business agency, thinks that the recent trend of crude oil price has changed greatly. In addition, the operating rate of downstream textile enterprises is general. PTA market price remains high and fluctuates. Domestic PX market supply is normal. It is expected that PX market price will remain stable next week.