1、 Price trend
| PVA 1799 (PVA BF17) |
According to the data of the bulk list of business cooperatives, mixed xylene fell by a narrow margin this week. The price was 8180 yuan/ton on September 9; On Friday (September 16), the price was 8120 yuan/ton, down 0.73% from last week and up 40% from the same period last year.
2、 Analysis and review
Crude oil fell in shock this week, with poor cost support; The domestic logistics and transportation are limited, the gasoline market is weak, the actual negotiation of the mixed xylene market is limited, and the enthusiasm for preparing goods before the festival is not high. The bad news is suppressed, and the mixed xylene is reduced in a narrow range.
In terms of external market, Asian mixed xylene in external market fell after rising this week. On Thursday (September 15), the price of mixed xylene imported from South Korea was 998 dollars/ton, a year-on-year increase of 39 dollars/ton, or 4.07%.
In terms of crude oil, European winter energy supply tension supported, and oil prices rose at the beginning of the week. However, under the pressure of high inflation, the market is worried that the Federal Reserve may significantly raise interest rates. The expectation of global economic recession continues to be depressed, and oil prices have fallen back in shock. As of September 16, Brent price this week fell 1.49 dollars/barrel, or 1.6%, compared with last week; WTI fell 1.68 USD/barrel, or 1.94%.
On the downstream side, in the PX market, the domestic PX price rose this week. On September 9, the price was 8800 yuan/ton, and on September 16, the price was 9000 yuan/ton, 2.27% higher than last week and 26.76% higher than the same period last year.
In terms of OX market, the price of OX in East China was stable this week. On Friday (September 16), the price of OX in East China was 8600 yuan/ton, unchanged from last week and up 32.31% from the same period last year.
| PVA |
In terms of gasoline, this week, gasoline in Shandong Province weakened. The price was 9325 yuan/ton on September 9 and 9091 yuan/ton on September 16, down 2.51% from last week and up 13.53% from the same period last year.
3、 Future market forecast
In terms of crude oil, in terms of crude oil, the crude oil market is long and short, and the energy supply is expected to be tight in winter; However, the expectation of interest rate increase in Europe and the United States is strong, and the market is still worried about economic recession. Continue to pay attention to the geopolitical situation, OPEC+’s decision on crude oil production, the impact of the stock dynamics of U.S. crude oil and refined oil, and the global economic situation on crude oil prices.
The uncertainty of the cost trend and the weakening of the gasoline market led to a bad atmosphere on the market. However, the market focused on the downstream stock before the National Day, and the short-term price decline is expected to be limited. Pay attention to the market trend of crude oil and gasoline, the impact of mixed xylene and downstream device dynamics, port inventory, and external market on the price of mixed xylene.
| http://www.pva-china.net |