Price trends:

According to statistics, this week’s domestic ex-factory price of p-xylene showed a temporary stable trend, with an average weekend price of 7,000 yuan/ton, which was temporarily stable compared with the price of 7,000 yuan/ton at the beginning of the week, down 15.66% year-on-year.

II. Market analysis:

Products: This week, the domestic market price trend of p-xylene is stable, the domestic PX start-up rate maintains more than 70%, Huizhou refining and chemical plant runs steadily, Fuhaichuang plant starts a line, Pengzhou Petrochemical plant runs steadily, Yangtze Petrochemical PX plant runs normally, Jinling Petrochemical plant runs smoothly, Qingdao Lidong plant runs at full load, Qi Luzhou Petrochemical Plant runs steadily, Urumqi Petrochemical Plant starts at about 50%, Hengli Petrochemical Plant runs normally, domestic p-xylene supply is normal, recent international crude oil price fluctuation, domestic p-xylene market price trend is temporarily stable. The opening rate of paraxylene plant in Asia is more than 70% this week, and the supply of PX in Asia is normal. This week, the price of PX external market is slightly lower. By the end of the weekend, the closing price of the Asian market for paraxylene is US$762-764/ton FOB Korea and US$781-783/ton CFR China. More than 50% of domestic products need to be imported. PX external market closes. The price fluctuation has brought negative effects to the domestic market, and the price trend of the domestic PX market is temporarily stable.

Industry chain: This week’s domestic crude oil closing price shocks, as of 22 U.S. WTI crude oil futures market price was 55.35 U.S. dollars per barrel, Brent crude oil futures price was 59.92 U.S. dollars per barrel, this week’s crude oil closing price shocks, for downstream petrochemical products prices have little impact, PX market price trend is temporarily stable. The price of PTA market in the lower reaches of this week declined. By the end of the weekend, the price of PTA market in East China was around 5200-5300 yuan. The price of raw material PX market in the upper reaches was stable. Recently, PTA start-up load has been rising to 91%. Several sets of equipment in the supply side have restarted the short-term market. Terminal demand has improved slightly, and polyester start-up stock has fallen back. The downstream polyester start-up load restored to about 88%, and the start-up rate of Jiangsu and Zhejiang looms remained at 74%. Inventory, polyester FDY inventory fell for 3 days, polyester DTY decreased for 2.5 days, polyester POY decreased for 2 days, downstream demand was general, and the price trend of p-xylene market was temporarily stable.

Industry: This week, the textile industry’s market trend shocks, the textile industry’s start-up rate has not changed much, crude oil prices remain shocks, raw material PX market trend is stable.

3. Future market forecast:

Chen Ling, an analyst with business association PX, believes that recent changes in crude oil prices, together with a slight decline in PTA market prices, the downstream textile industry has maintained a high start-up rate, and the domestic PX market supply is normal. It is expected that the price of PX market will remain volatile next week.