According to statistics, the price trend of domestic p-xylene factory this week is stable, with an average price of 4300 yuan / ton at the weekend, which is 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 plant in Asia is about 70%, and the supply of PX in Asia is sufficient. The external price of PX will rise this week. As of the end of the week, the closing price of PX market in Asia is 608-610 USD / T FOB Korea and 626-628 USD / T CFR China. This week, the trend of PX external price is rising, more than 40% of domestic products need to be imported, and the closing price of PX external market goes up The domestic market has brought a certain positive supporting effect, and the domestic PX market price trend is temporarily stable.

The U.S. WTI crude oil futures market rose this week. As of the 18th, the settlement price of the main contract in the U.S. WTI crude oil futures market was at $49.24/barrel, and the settlement price of the main contract in the Brent crude oil futures market was at $52.26/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 vaccine, the market started 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.

The price trend of downstream PTA market rose this week. As of the end of the weekend, the price of PTA Market in East China was about 3600-3700 yuan. Recently, PTA downstream orders were OK. PTA enterprises had good production enthusiasm and did not have large-scale maintenance. As of December 18, the operating load of domestic PTA production enterprises was 91%, which was at the normal level. In the atmosphere of “buy up not buy down”, weaving enterprises have certain replenishment action. Although the weaving factories are affected by the low temperature and the fabric orders in autumn and winter have recovered to a certain extent, the orders of the “double 11″ and “double 12″ shopping festival gradually entered the traditional off-season after delivery, the follow-up of new orders is weak and the continuity is poor, and the comprehensive operating rate of Jiangsu and Zhejiang looms has been reduced to below 79%. The overall market is relatively low, and the enterprise funds are relatively tight, and the demand side is still facing greater pressure, 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 the business agency, believes that the recent trend of crude oil price remains high, but under the trend of high inventory and difficulty in going to storage in the future, PTA supply pressure is obvious, so the overall supply and demand remain pessimistic, PTA market has the risk of weakening, domestic PX market supply is normal, it is expected that the PX market price will remain stable next week.