Domestic price trend:

From the trend chart of p-xylene, it can be seen that the price of p-xylene remained stable this week. By the end of the week, the domestic ex factory price of p-xylene was 6400 yuan / ton, which remained flat compared with the beginning of the week, with a year-on-year increase of 60%. The price trend of domestic PX market was stable this week.

In recent years, the domestic supply of p-xylene is normal, and the domestic PX operating rate is more than 60%. The 600000 ton unit of Sinopec Hongrun Petrochemical Co., Ltd. operates stably, the Yangzi petrochemical unit operates stably, the Pengzhou petrochemical unit operates stably, the Yangzi Petrochemical PX unit operates normally, the Jinling Petrochemical Unit operates stably, the Qingdao Lidong unit operates at full load, and the Qilu petrochemical unit operates stably, The start-up of Urumqi petrochemical plant is about 50%, and the domestic supply of p-xylene is general. However, some overseas plants are still under maintenance, and the domestic price of p-xylene remains high due to the impact. As of the 20th, the closing prices in Asia were 827-829 US dollars / ton FOB Korea and 845-847 US dollars / ton CFR China. The operating rate of PX unit in Asia has not changed much recently. As a whole, the operating rate of PX unit in Asia is less than 60%, the supply of PX in Asia is general, and the closing price of PX unit in Asia is declining, The price trend of domestic p-xylene market is temporarily stable.

This week, the trend of crude oil price dropped sharply, and the international oil price continued to drop for three consecutive days. The settlement price of the main contract in WTI crude oil futures market of the United States is at US $61.94/barrel, and the settlement price of the main contract in Brent crude oil futures market is at US $65.11/barrel, The epidemic situation in India has slowed down the pace of demand recovery. Crude oil prices fell sharply this week, while domestic petrochemical products prices of likong were affected, and the price trend of p-xylene was temporarily stable.

This week, the price trend of downstream PTA market continued to decline, and domestic PTA spot market fell. As of the 21st, the average price of PTA market was 4600-4650 yuan / ton, with a decline of 0.37% this week. The international crude oil price fell sharply, and the cost support was poor. Recently, the PTA plant has been overhauled and restarted, and the supply side has increased. This week, the PTA operation rate is about 85%. The PTA delivery situation is general, and the price is high. Polyester production and sales fell again, European and American epidemic counterattack and Xinjiang cotton products export pressure is still large, follow-up orders weak. The profits of domestic textile industry are concentrated in the spinning process. The lower reaches of the textile industry do not have a high acceptance of the fabric price rise, and the price transmission is not smooth. There is downward pressure on the yarn price, which may further affect the price performance of the raw material end. Recently, the domestic PTA market price has fallen sharply, and the downstream market is not good, which has a negative impact on the PX market.

Chen Ling, PX analyst of business society, believes that there is a certain uncertainty in the current cost side, the short-term crude oil price has a downward trend, and the downstream PTA and textile market has a downward trend. It is expected that the market price of p-xylene will be stable in the later period, but there is no lack of possibility of a downward trend.