According to statistics, the domestic p-xylene ex factory price rose slightly this week, with an average price of 5300 yuan / ton at the weekend, up 1.92% compared with 5200 yuan / ton at the beginning of the week, and down 15.87% year on year.

The price trend of domestic p-xylene market is rising, and the domestic PX operation rate is about 60%. The operation of Hongrun 600000 tons new unit is stable, Huizhou refining and chemical unit is stable, Fuhai Chuang unit starts one line, Pengzhou petrochemical unit is stable, Yangzi Petrochemical PX unit is normal, Jinling Petrochemical unit is stable, Qingdao Lidong unit is full load, Qilu petrochemical unit is stable The start-up of Urumqi petrochemical plant is about 50%, Hengli petrochemical plant is running normally, the domestic supply of p-xylene is normal, and the domestic market price of p-xylene is rising. This week, the operating rate of p-xylene plant in Asia dropped to about 60%, the supply of PX in Asia decreased, and the PX external price rose this week. By the end of the week, the closing price of p-xylene market in Asia was 718-720 USD / T FOB Korea and 736-738 USD / T CFR China. The PX external price rose this week, and about 40% of domestic products needed to be imported, and PX external price closed The price shock brought some positive support to the domestic market, and the domestic PX market price went up.

The price of WTI crude oil futures market in the United States rose this week. As of the 4th, the settlement price of the main contract in WTI crude oil futures market in the United States was at US $56.23/barrel, and the settlement price of the main contract in Brent crude oil futures market was at US $58.84/barrel. The price rise of crude oil futures this week was mainly affected by the strong economic data in the United States, the decline of crude oil inventory, OPEC + production reduction and other favorable factors, but the US dollar declined The strong restriction on the rise of oil price and the rising trend of international crude oil price are good support for domestic petrochemical products, and the domestic market price of p-xylene is higher.

This week, the price trend of PTA Market in the lower reaches rose, and the domestic PTA spot market maintained a rising trend. By the end of the week, the average spot price in the domestic market was 4100 yuan / ton. In terms of equipment, the PTA start-up remained above 87%. Although Ningbo Yisheng 2 million ton plant was overhauled as planned on January 24, fuhaichuang 4.5 million ton plant returned to normal operation and Fujian Baihong new plant was put into operation, PTA is still in the situation of oversupply, and the risk of accumulation is increasing. As the Spring Festival is approaching, the terminal textile factories are gradually taking a holiday to finish finishing, and the number of looms in Jiangsu and Zhejiang has dropped to about 40%. I heard that about 2 / 3 of the weaving enterprises in Xiaoshao area have stopped for a holiday recently, and the logistics and transportation in the later stage will also be limited. However, due to the rise of crude oil price, the price trend of PX in the upstream will rise slightly.

Overall, the textile industry gradually began to holiday, demand has declined, but the price trend of crude oil is mainly rising. For the upstream PX on-demand procurement, the price trend of PX market is temporarily stable.

Business community PX analyst Chen Ling believes that the recent trend of crude oil prices continued to rise, but the downstream textile industry trading market has declined, the domestic PX market supply is normal, and it is expected that the PX market price will be stable next week.