According to statistics, in November, the trend of domestic p-xylene ex factory price decreased slightly. At the beginning of the month, the domestic price was 6800 yuan / ton. At the end of the month, the price of domestic PX market was 6700 yuan / ton. The price trend decreased by 1.29%, 32.88% year-on-year. The external price of PX remained low and fluctuated. The external dependence of domestic PX market was high, and the domestic price trend of low external price was slightly lower.

In recent years, the market price trend of p-xylene in China has declined slightly. The domestic PX operation rate is about 80%. The 600000 ton new petrochemical plant of Sinochem Hongrun Petrochemical Co., Ltd. has been put into production. The operation of Yangzi Petrochemical plant is stable. The first line of Fuhai Chuang plant has been started. The operation of Pengzhou petrochemical plant is stable. The operation of Yangzi Petrochemical PX plant is normal. The operation of Jinling Petrochemical plant is stable. The operation of Qingdao Lidong plant is full load. Qilu Petrochemical plant is in full load operation Petrochemical plant operation is stable, Urumqi petrochemical plant starts at about 50%, Hengli petrochemical plant operates normally, domestic p-xylene supply is normal, and domestic market price is slightly lower. Affected by the fluctuation of international crude oil price, the external price of PX fluctuated in November. As of 28, the closing price of Asia was 773-775 US dollars / ton FOB South Korea and 794-796 US dollars / ton CFR China. Recently, several PX units in Asia are still under maintenance. As a whole, the operating rate of PX units in Asia is about 70%, the supply of PX goods in Asia is normal, and the closing price of PX is low Negative domestic market, domestic p-xylene market price slightly lower.

In November, the closing price of international crude oil fluctuated. As of the 28th, the price of WTI crude oil futures market in the United States was $58.11/barrel and Brent crude oil futures market was $63.87/barrel. The closing price of crude oil has been maintained between $55-60 / barrel. The cost support for downstream petrochemical products is limited, and the price trend of domestic p-xylene market is slightly lower.

In November, the price trend of the downstream PTA market declined slightly. As of the 29th, the PTA Market in East China had been negotiated to be around 4700-4800 yuan. In the futures market, the main futures of PTA fell in shock, and the main futures (2001) closed at 4726 yuan / ton. After the buyback of suppliers, another 1.1 million tons of Dushan energy line was put into operation successfully, Hainan Yisheng and Yadong petrochemical plants were restarted successively, and the supply end was pressurized. At the same time, the downstream is cautious in purchasing, and there is a weakening expectation. The spot market lacks clear positive news support. The price keeps falling. In November, PTA starts at more than 90%, polyester starts at about 87%, and the downstream Jiangsu and Zhejiang looms starts at about 71%. The current terminal weaving factory has a relatively common new order, and the inventory pressure of weaving products is still there. In addition, the raw material market Limited market support, multiple negative drag, downstream and terminal factories to maintain just need to replenish, have taken negative hedging measures, PX market price trend fell slightly.

Chen Ling, an PX analyst at business club, thinks that the recent crude oil price trend is volatile, and the downstream PTA Market operating rate remains at a high level of 90%, but the PTA market price is slightly lower. At present, the PTA plant is newly put into operation, and the supply will gradually accumulate, and the downstream polyester production is expected to reduce, especially from late December to January, there is a large area maintenance plan for the polyester plant, and the PX market price is expected to be later Grid may maintain low volatility.