On October 30, the commodity index of light soda ash was 91.11, flat with yesterday, down 22.70% from 117.86 (2017-11-21), the highest point in the cycle, and up 44.28% from 63.15, the lowest point on November 18, 2015. (Note: cycle refers to 2011-09-01 to now)

According to the survey data of business agency, the price trend of soda ash in East China was stable on the 30th, with an average market price of about 1775.67 yuan / ton, which was flat compared with yesterday. At present, the domestic market price of soda ash is temporarily stable. The mainstream price of light soda is 1550-1800 yuan / ton, and the mainstream price of heavy soda is 1780-1850 yuan / ton. The actual transaction price can be further discussed. The domestic market of soda ash is relatively stable as a whole. The market of heavy alkali is mainly consolidated, and the delivery of manufacturers is acceptable.

According to the soda ash analyst of the business club, the overall trend of the downstream glass market is general, and the soda ash market may maintain stable operation in the short term, depending on the demand of the downstream market.

I. price trend

According to the price monitoring of the business agency, the domestic factory price of R134a continued to decline in October. As of the end of the month (25th), the price was 23833.33 yuan / ton, 2.05% lower than that of 24333.33 yuan / ton at the beginning of the month (1st), and 18.75% lower than that of the same period last year.

II. Market analysis

Product: R134a market of refrigerant market is weak and stable this month, with the actual transaction price slightly down. The upstream hydrofluoric acid market is weak, which has insufficient support for the cost side of refrigerant. At present, the macro economy is in a downward trend, the production and marketing of major manufacturers in the terminal and air conditioning industry are in a dilemma, the purchasing power of the automobile industry is declining, and the demand for refrigerant R134a is limited. In addition, the newly increased production capacity in the industry may be released in the near future, the manufacturer’s mentality is negative, and it is prudent to wait and see, the unit starts at a low level, so the market situation is difficult to improve. As of October 25, R134a of Zhejiang Juhua Co., Ltd. has quoted 26000 yuan / ton, R134a of Quzhou Jiuzhou Chemical Co., Ltd. has quoted 22500 yuan / ton, R134a of Zhejiang lengwang science and Technology Co., Ltd. has quoted 23000 yuan / ton, R134a of Yuemei Chemical Co., Ltd. has quoted 24000 yuan / ton, R134a of Longxun trade has quoted 23500 yuan / ton, R134a of Yumei Chemical Co., Ltd. has quoted 25000 yuan / ton, R134a of blue planet has quoted 25000 yuan / ton, and the price is concentrated at 22500 yuan./ Tons – about 26000 yuan / ton.

Industry chain: the price of upstream products in domestic hydrofluoric acid market has fallen sharply, the operation of domestic hydrofluoric acid plant is stable, the supply of goods in the site is sufficient, the situation of goods in hydrofluoric acid market is not good, and the market price keeps falling. The output of the downstream major air conditioning manufacturers and the automobile industry is flat, and the demand for refrigerant R134a is not high, so there is no good support.

Industry: according to the price monitoring of the business agency, in the 42nd week of 2019 (10.21-10.25), there are 10 kinds of commodities rising month on month in the chemical sector, including 2 kinds of commodities rising by more than 5%, accounting for 2.4% of the number of commodities monitored in the sector; the top three commodities are epichlorohydrin (8.05%), sulfur (5.05%) and sulfuric acid (4.88%). There are 41 kinds of commodities decreased on a month-on-month basis, 4 kinds of commodities decreased by more than 5%, accounting for 4.8% of the number of commodities monitored in this sector; the top three products decreased were formaldehyde (37%) (- 9.21%), nitric acid (- 8.62%), acetic acid (- 5.29%). This week’s average was – 0.85%.

III. future forecast

According to the refrigerant analyst of business agency, at present, the refrigerant R134a domestic market is weak, the transaction environment continues to be depressed, and the export market is still very flat. In addition, the newly added capacity in the industry may be released in the near future, and the manufacturer’s mentality is negative. It is expected that the R134a market will remain weak in the short term.

I. price trend

According to the data monitored by the business agency, on October 25, PET water bottle manufacturers quoted 6775.00 yuan / ton, and on October 21, PET water bottle manufacturers quoted 6875.00 yuan / ton, with an overall decline of 1.45%. PET market fell slightly.

II. Cause analysis

Products: as of October 25, the main manufacturers of polyester bottle chips in East China have offered at a high price of 6700-6850 yuan / ton, and the main market negotiation is about 6550-6650 yuan / ton. The PTA Market for raw materials is relatively strong, and the cost side is stable. Some bottle chip manufacturers offer an increase of 50 yuan / ton, and the focus of market negotiation is slightly higher. In the downstream, the atmosphere of cautious wait-and-see is strong, the market is light, the polyester bottle Market in South China is narrow, and the main spot negotiation price is 6550-6700 yuan / ton. PTA raw materials market is relatively strong, cost support is stable, some businesses offer slightly higher. The downstream buying is generally followed up, and the market trading atmosphere is light. At present, the latest enterprise price is 6700 yuan / ton for Anyang polyester material factory, 6800 yuan / ton for Jiangsu Sanfangxiang Group Co., Ltd., 6900 yuan / ton for Hainan Yisheng Petrochemical Co., Ltd., 6850 yuan / ton for China resources chemical Holding Co., Ltd., 6750 yuan / ton for Zhejiang wankai New Material Co., Ltd.

Industry: on October 24, the rubber and plastic index was 678, down 1 point from yesterday, 36.04% from 1060 (2012-03-14), and 17.71% from 576, the lowest point on December 21, 2015. (Note: cycle refers to 2011-12-01 to now)

III. future forecast

PET business analysts believe: the short-term market is not expected to decline space, temporarily more stable finishing.

I. price trend

According to the data monitoring of the business agency, the domestic phosphorus ore market is still running smoothly this week, and the overall market has almost no fluctuation. Due to regional differences and different production, the price difference is large. Based on several sample areas, the average ex factory price of the first high-end phosphorus ore is close to 420 yuan / ton.

II. Market analysis

Products: this week, the phosphorus ore market as a whole maintained a stable situation. Large mining enterprises continued to digest inventory, kept more orders from old customers in the field, and kept a small amount of procurement downstream. At present, the market price of 30% phosphate rock car board in Guizhou is 360-400 yuan / ton; the price of 30% phosphate rock car board in Hubei is 460-470 yuan / ton; the price of 28% phosphate rock ship board in Hubei is 420 yuan / ton; the price of 28% phosphate rock car board in Yunnan is 280 yuan / ton; the overall market of phosphate rock is temporarily stable.

Industry chain: after the national day, the market price of phosphoric acid was mainly consolidated, fluctuated slightly, and the price was reduced. As of October 17, the average market price of 85% industrial purified water phosphoric acid was about 5366.67 yuan / ton, down 2.42% compared with October 1 (5500.00). At present, Hubei Xingfa Group offers 5200 yuan / ton, Beijing hangxinghongda 5400 yuan / ton, Guangxi Mingli group 5800 yuan / ton, qianrui chemical 4700 yuan / ton, Sichuan KANGLONG chemical 5100 yuan / ton, Kunming South Yunnan industry and trade 5900 yuan / ton. Prices in all regions are temporarily stable, and the market trading atmosphere is flat, with the main focus on wait-and-see. A small amount of orders are made up in the downstream, and the market is weak as a whole.

III. future forecast

According to the analysis of the data division of the business agency, it is expected that the phosphorus ore market will be stabilized and consolidated temporarily in the short term.

According to the price monitoring of the business agency, the domestic PTA spot market price continued to weaken since October 9. As of October 20, the market average price was 5037 yuan / ton, down 3.28%, down 31.98% year on year.

In recent years, the maintenance of multiple PTA units has pushed the industry into the de stocking cycle. However, due to the abundant flow of goods and the pressure of new units being put into operation, the PTA rebound drive is not strong. At the same time, the raw material inventory of polyester factory is on the high side, and there is no continuous transaction volume, and the demand side is insufficient. Specifically:

Enterprise name capacity device dynamics

Pengwei Petrochemical Co., Ltd. stopped on October 18 and the restart time is to be determined.

Honggang Petrochemical Co., Ltd. stopped for maintenance on October 14 and planned to restart on October 28.

Yadong Petrochemical 70 produced qualified products on October 14, and the unit has been shut down for maintenance since October 9.

Yishanhua 225 reduced load by 50% and planned to recover within 15 days.

Hengli Petrochemical 220 overhauled No. 1 2.2 million ton PTA production line on October 8, and overhauled No. 2 2.2 million ton PTA production line after line 1 was overhauled.

In terms of PTA equipment maintenance, 86.89% of the starting load as of October 17 was 4.16% lower than 91.05% on October 9. However, in the expectation that new production capacity will be put into production soon, the positive boost is limited. In particular, recently, the single unit test run of the PTA project with an annual output of 1.2 million tons of China Thailand Petrochemical Co., Ltd. has come to an end, marking that the linkage test run of PTA plant is about to start, which will help fuel the feeding test run of PTA plant. The expected news of the production has a certain negative impact on the market.

The price trend of PX in raw material market is stable temporarily, and the price of domestic mainstream factories is 6800 yuan / ton. In terms of units, the operation of the 600000 ton new unit in Hongrun is stable, the operation of Pengzhou petrochemical unit is stable, 50% of Urumqi petrochemical unit is started, one line of Fuhai Chuang aromatics unit is started, and other units are temporarily stable during the maintenance of CNOOC Huizhou refining and chemical unit.

The operating rate of PX plant in Asia is stable at about 80%, and the price continues to be explored. On October 17, the closing price of PX market in Asia dropped by 4 USD / ton, and the closing price was 773-775 USD / ton fob in South Korea and 793-795 USD / ton CFR in China.

The starting load of downstream polyester was maintained at about 89%, with local preferential sales promotion but general production and sales response and flat market trend. At present, weaving elastic inquiry has fallen sharply, and some mainstream factories have reduced their preferential policies, including polyester POY (150D / 48F) at 7150-7400 yuan / ton, DTY (150D / 48F low elastic) at 8950-9200 yuan / ton, and FDY (150D / 96F) at 7350-7550 yuan / ton, creating a new low in the history of the year. The comprehensive starting rate of Jiangsu and Zhejiang looms has been reduced to around 77%, the terminal market is cautious and wait-and-see mood is not reduced, and the grey fabric inventory digestion is slow.

Xia Ting, an analyst at the business club, believes that PTA plant maintenance news has certain support for the price, but considering that xinfengming’s 1.1 million ton new plant is planned to be put into operation by the end of October and Hengli’s 2.2 million ton plan to be put into operation at the beginning of January next year. In the near future, the downstream polyester demand has gradually transited to the off-season. Influenced by the uncertain macro environment at home and abroad, the terminal textile and garment industry is in decline, and the polyester production and marketing volume is limited. It is expected that PTA market will face a pattern of accumulation. In addition, the cost support is limited under the circumstances of large-scale PX production capacity and low crude oil price. According to the comprehensive analysis, PTA may still have a small rebound in the short term, but in the long term, the focus will further move down.

According to the monitoring of the business agency, the price of hydrogen peroxide continues to soar this week. At the beginning of the week, the average price of 27.5% hydrogen peroxide market was 1170 yuan / ton, and at the end of the week, 27.5% hydrogen peroxide market was 1473 yuan / ton, with a daily increase of more than 10% on the 18th. Compared with the beginning of October, the price of hydrogen peroxide rose sharply, with an overall increase of 25.93%.

market analysis

Hydrogen peroxide continued to soar this week, mainly because the manufacturers ushered in the period of centralized maintenance. Last week, Tianjin, Shanxi and other manufacturers carried out parking maintenance. This week, some manufacturers started the outage plan. Among them, Shandong open water chemical industry shutdown maintenance. The Zhengyuan chemical fertilizer plant in Hebei Province was overhauled and started up in early November. The supply of hydrogen peroxide in the market has been in short supply, and the prices of manufacturers have been greatly increased. The mainstream price of 27.5% hydrogen peroxide has increased to 1450-1600 yuan / ton, and the price has increased by 150-200 yuan / ton.

Shandong Province: the price of 27.5% hydrogen peroxide of Mingshui Chemical Co., Ltd. is 1450 yuan / ton; the price of 27.5% hydrogen peroxide of Luxi Chemical Co., Ltd. is 1440 yuan / ton; the price of 27.5% hydrogen peroxide of Shandong Haineng Co., Ltd. is 1480 yuan / ton; the overall price is increased by 150-180 yuan / ton. Hebei Province: the ex factory price of 27.5% hydrogen peroxide of Zhengyuan fertilizer industry increased to 1500 yuan / ton, and the price increased by 150 yuan / ton. Anhui Jinhe 27.5% hydrogen peroxide price is 1650 yuan / ton; Anhui Quansheng 27.5% hydrogen peroxide price is 1600 yuan / ton, the price increases by 100 yuan / ton. The market in Hunan, Sichuan and other places is relatively stable, with 27.5% hydrogen peroxide price of Hunan Shuangyang at 1350 yuan / ton, and 27.5% hydrogen peroxide price of Leshan Fuxi in Sichuan at 1350 yuan / ton, which is flat.

Industry chain: hydrogen peroxide continued to soar in October mainly due to the shortage of its own parking maintenance and supply. Similarly, the recovery of the downstream paper market was further supported. Hydrogen peroxide continued to soar by more than 25%. In October, the price increase letter of base paper market was frequently sent, with a general increase of 50-100 yuan / ton. The reasons for the price increase of paper mills are mainly due to environmental factors and the rising cost of waste paper. Driven by the “golden nine silver ten” market atmosphere, the downward trend is better. The price of corrugated base paper is 2.74% higher than that in early October. Paper market support, hydrogen peroxide prices rose again.

Outlook for the future

According to the hydrogen peroxide analyst of the business club: at present, the hydrogen peroxide manufacturers are shut down for maintenance, some of the quotations are unreasonably high, and the actual transaction volume has declined. It is expected that the manufacturers in the future will resume operation in succession, and the price of hydrogen peroxide will be slightly recalled.

I. price trend

According to the price monitoring of business agency, the ex factory price of domestic refrigerant R22 fell sharply this week. On October 8, the average ex factory price of mainstream manufacturers was 14333.33 yuan / ton, and on the weekend (27 days), the average price was 13900 yuan / ton, down 3.02% in the week, down 24.88% year-on-year.

II. Market analysis

Product: the market price of R22 in refrigerant market continues to decline this week, the price of hydrofluoric acid in upstream continues to decline, and the cost of refrigerant is insufficient. Major air-conditioning manufacturers have stepped out of the maintenance period in succession, but the demand has not been significantly improved, refrigerant R22 continues to decline, and the profit is basically close to the cost. According to the data monitoring of Yishe society, as of October 13, the quotation of R22 of Zhejiang Juhua Co., Ltd. is 16000 yuan / ton, that of Quzhou Jiuzhou Chemical Co., Ltd. is 12500 yuan / ton, that of Zhejiang lengwang science and Technology Co., Ltd. is 13200 yuan / ton, that of Longxun trade is 12500 yuan / ton, and the price is concentrated in 12500 yuan / ton – 16000 yuan / ton.

Industry chain: the price trend of upstream products in domestic hydrofluoric acid market has declined. According to the data of business association as of the 11th day, the current mainstream of hydrofluoric acid negotiation in southern China is about 9000-9500 yuan / ton, and the price of hydrofluoric acid in northern China is 9000-10000 yuan / ton. The domestic market price of hydrofluoric acid keeps a low level, and the supply of spot goods is sufficient, but the demand is poor, and the market price of hydrofluoric acid drops slightly.

Industry: according to the price monitoring of the business agency, in the 40th week of 2019 (10.7-10.11), there are 0 rising commodities, 2 falling commodities, and 3 rising and falling commodities. The main commodities falling were hydrofluoric acid (- 2.69%) and aluminum fluoride (- 1.64%). This week’s average was – 0.87%.

III. future forecast

According to the refrigerant analyst of the business club, the raw material end of refrigerant R22 is not well supported, the terminal demand is not significantly improved, and the profits of refrigerant R22 manufacturers are close to the cost. In the near future, some manufacturers have maintenance plans. Under the quota limit, traders have the sense of hoarding. It is expected that R22 will be consolidated in the short term.

Price data:

II. Trend Analysis

Price: According to the monitoring data of business associations, this week’s domestic coke market has maintained a steady impression, and there is a strong wait-and-see mood in the industry. At present, the mainstream price of secondary metallurgical coke in Shanghai is 1980 yuan/ton, and the mainstream price of quasi-primary metallurgical coke is 2050 yuan/ton; the mainstream price of secondary metallurgical coke in Xuzhou is 1960 yuan/ton, and the mainstream price of quasi-primary metallurgical coke is 2030 yuan/ton; the mainstream price of secondary metallurgical coke in Weifang, Shandong is 1850 yuan/ton, and the mainstream price of quasi-primary metallurgical coke is 1900 yuan/ton; the mainstream price of secondary metallurgical Co The mainstream price of metallurgical coke is 1800 yuan/ton; the mainstream price of secondary metallurgical coke in Mudanjiang, Heilongjiang Province is 1840 yuan/ton, and the mainstream price of quasi-primary metallurgical coke is 1900 yuan/ton; the mainstream price of secondary metallurgical coke in Shenyang, Liaoning Province is 1870 yuan/ton, and the mainstream price of quasi-primary metallurgical coke is 1930 yuan/ton; the mainstream price of secondary metallurgical coke in Pingdingshan, Henan Province is 1860 yuan/ton, and the The mainstream price of secondary metallurgical coke is 1840 yuan/ton, and the mainstream price of quasi-primary metallurgical coke is 1990 yuan/ton; the mainstream price of secondary metallurgical coke in Tianjin is 1850 yuan/ton, and the mainstream price of quasi-primary metallurgical coke is 1950 yuan/ton; the mainstream price of secondary metallurgical coke in Panzhihua coke market in Sichuan is 2080 yuan/ton; the mainstream price of secondary metallurgical coke in Liupanshui coke market in Guizhou is 230 yuan/ton; and The main price of metallurgical coke is 1500 yuan per ton. The first grade metallurgical coke in port trade is about 2100 yuan/ton, the second grade metallurgical coke in trade is about 2000 yuan/ton, and the second grade metallurgical coke in trade is about 1900 yuan/ton.

Products: After the National Day, the domestic coke market started to rebound. With the liberalization of the restrictions on coke logistics and transportation, the shipment of coke enterprises is in good condition, and some coke enterprises’inventory has been reduced to a low level. On the downstream side, although the start of construction of the steel plant has been restored and some steel plants have the demand of replenishing stores, the overall situation is still not as good as that of the coke enterprises. In the short term, the demand is difficult to effectively improve. In addition, a new round of environmental protection policies promulgated in Hebei, Shanxi and other places have intensified the production restriction of coke steel.

Industry: According to the price monitoring of business associations, there are five kinds of commodities rising in the energy sector in the 40 th week (10.7-10.11) of the commodity price rise-fall list in 2019, including two commodities with an increase of more than 5%, accounting for 12.5% of the monitored commodities in the sector; the first three commodities are liquefied natural gas (15.16%), liquefied gas (7.98%) and methanol (3.55%). There are 9 kinds of commodities falling annually, and 2 kinds of commodities falling more than 5% accounted for 12.5% of the monitored commodities in this sector. The products of the first three declines were MTBE (-11.87%), gasoline (-5.32%) and Brent crude oil (-4.54%).

3. Future Market Forecast

Coke analysts from business associations believe that due to the restriction of production brought about by the National Day, coke supply in some regions is tight, but demand is still not as expected. In the case of the subsequent market restriction policy, the industry mostly holds a wait-and-see attitude. It is expected that the coke market will be stable in the near future, and the new policy should be noticed in the future.

Price Trend

The domestic butadiene market is weakening. As of October 12, the domestic market price of butadiene was 11673 yuan/ton. The price of butadiene rose 12.35% in the same period last month and 6.73% in the same period last year.

II. Analysis of Influencing Factors

Products: The domestic butadiene market continued to decline weakly, the prices of some manufacturers in the North weakened, the downstream wait-and-see situation remained unchanged, and some continued bearish expectations, dragging down the market. Shandong’s high-grade products are delivered to the price reference of 11100-11200 yuan/ton, while East China’s price is around 11500 yuan/ton. Market turnover is scarce, and real single negotiation is the main method.

Enterprises: Yangtze Petrochemical 220,000 tons/year plant, 3 # long-term parking; 1 # and 2 # total 120,000 tons/year plant normal operation. The 165,000 tons/year unit of Zhenhai Refinery and Chemical Company operates normally, mainly for mutual supply and a small amount for export. The 120,000 tons/year plant of Liaotong Chemical Company operates normally, and the trading range is 11,110-11,170 yuan/ton. Fushun Petrochemical 160,000 tons/year plant is in normal operation, and there is no export for the time being.

Market: Butadiene market inquiries in East China are limited. Businessmen pay more attention to the arrival of late shipments, and cautious market expectations lead to low downstream inquiry intention, which is sent to the price reference of about 11800 yuan/ton. Shandong butadiene market wait-and-see, downstream inquiry intention is limited, businessmen wait for next week node manufacturers price guidance, active offer intention is not high, high-grade goods to the price of temporary reference 11100-11200 yuan/ton, single discussion.

Industry chain: Downstream synthetic rubber, styrene-butadiene rubber, mainstream sales company prices, as expected, fell by 300 yuan per ton. After the decline of the supply price, the market quotations were adjusted accordingly. Due to the weak trend of raw material butadiene and the poor purchasing power of synthetic rubber at downstream terminals, some merchants had strong willingness to ship, and the market price was hanging upside down again. Short-term fluctuation of the trend of Tianguo made the suspension of the business of a large domestic enterprise still have an impact. The delivery of raw material butadiene was flat and there was no obvious positive factor to boost the domestic market. The price of butadiene-styrene is still weak, and the mainstream sales companies are still under pressure. We need to pay close attention to the adjustment of price policy and geopolitical factors. Styrene-butadiene rubber (SBR) has a negative effect on the market of butadiene to a certain extent.
Cis-butadiene rubber: raw material butadiene price is weak finishing, but in terms of cis-butadiene cost pressure still exists. Shunding’s ex-factory price dropped 400 yuan/ton, the market price followed the decline, the market maintained wait-and-see, after the tentative decline, the business still had some upside-down offers, causing drag on the price; do not buy down mentality guidance, end-to-market caution, maintain the purchase price. The domestic cis-butadiene rubber market is weakening, and the actual trade is still under pressure. We need to pay attention to the information guidance of raw materials and market transaction. According to the trend comparison chart of butadiene and cis-butadiene rubber, the trend of butadiene and cis-butadiene rubber is the same, the trend of cis-butadiene rubber is declining, and the market of butadiene is likely to decline.

3. Future Market Forecast

The downstream industry is difficult to support the butadiene market due to the lower price of synthetic rubber. In addition, the supply side of domestic butadiene market is difficult to boost significantly. The downstream wait-and-see mentality leads to a continuing downturn in the trading atmosphere. The short-term butadiene market is difficult to stimulate by good news. Business analysts expect that the short-term domestic butadiene market will be weaker and the downward trend will be the main concern. Information and downstream product trend guidance.

Domestic price trends:

According to statistics, the domestic price of p-xylene was stable in September. At the beginning of the month, the domestic price was 6,600 yuan/ton, and at the end of the month, the domestic price of PX was 6,600 yuan/ton. The price trend was stable, declining by 40% year on year. The price of PX external market remained low and volatile. The dependence of domestic PX market on foreign markets was high, and the domestic price trend was stable.

Recent domestic market prices of p-xylene maintained low level, domestic PX operating rate of about 8 per cent, Sinochem Petrochemical 600 thousand tons of new petrochemical plant put into operation, Yangzi Petrochemical plant stable operation, Fuhai set up a start-up line, stable operation of petro chemical plant, Yangshi petrochemical PX plant operates normally, Jinling Petrochemical plant runs smoothly, and the Li Dong plant operates at full load. The Qilu Petrochemical plant has been operating stably. The operation of the petrochemical plant has reached about 5. The Hengli petrochemical plant has run normally, and the domestic p-xylene supply is normal, and the domestic market price has remained stable. Affected by the impact of international crude oil prices, the price of PX external market rose slightly in September. As of 27, the closing price in Asia reached 779-781 US dollars / ton FOB Korea and 798-800 US dollars / ton CFR China. Recently, Saudi Arabia Amy has set up a 700 thousand ton PX device in parking repair, and there are still several sets of PX installed in Asia for maintenance. Overall, the operation rate of p-xylene plant in Asia is around 7, and Asia. Regional PX supply is normal, PX external closing price is rising, which is good for the domestic market, while domestic market price of p-xylene is temporarily stable.

In September, the closing price of international crude oil was put down for the first time. As of 27 days, the US WTI crude oil futures market price was quoted at 55.91 US dollars / barrel. The price of Brent crude oil futures was quoted at 61.91 US dollars / barrel. The closing price of crude oil has been maintained between 50-60 US dollars / barrel, and the cost supporting effect for downstream petrochemical products is limited. The domestic market of p-xylene is stable.
The price trend of PTA downstream market slightly declined in September. As of the 30th day, East China PTA market talks were around 5100-5200 yuan. At the beginning of the month, Hengli Petrochemical announced its September overhaul plan for 2.2 million tons of plant, which to some extent boosted market sentiment and PTA rebounded slightly. However, due to the planned overhaul device has not yet been implemented, as well as market concerns about the supply side erupted, prices fell. During the Mid-Autumn Festival, there were concerns about the supply of crude oil due to the attack on Saudi oil fields. Driven by this, the domestic chemical sector rose and climbed, but then the cost support weakened due to the Saudi crude oil recovery rate far exceeding expectations. Fortunately, the domestic equipment maintenance plan increased, to some extent, supporting the PTA price. In September, PTA price maintained about 90% of the start-up rate, and the polyester industry. Starting at about 89%, the lower Jiangsu and Zhejiang looms have been operating at about 75%, the lower PTA market has maintained a high starting rate, which guarantees the upstream demand for p-xylene, and the price trend of PX market is stable.

Chen Ling, an analyst with business association PX, believes that the recent volatility of crude oil prices and the maintenance of 90% of the downstream PTA market start-up rate have increased demand for upstream PX, and the price of PX market is expected to rise slightly in the later period.