Domestic price trend:

As can be seen from the p-xylene trend chart, the market price of p-xylene rose in the first half of October. As of the 13th, the domestic ex factory price of p-xylene was 7300 yuan / ton, an increase of 2.82% over the price of 7100 yuan / ton at the beginning of the week and a year-on-year increase of 64.04%.

Recently, the domestic p-xylene supply is normal, the domestic PX operating rate is more than 60%, the 600000 ton unit of Sinochem Hongrun Petrochemical operates stably, the unit of Yangzi Petrochemical operates stably, the unit of Pengzhou Petrochemical operates stably, the PX unit of Yangzi Petrochemical operates normally, the unit of Jinling Petrochemical operates stably, the unit of Qingdao Lidong operates at full load, and the unit of Qilu Petrochemical operates stably, About 50% of Urumqi petrochemical units have been started, and the domestic p-xylene supply is general, but some overseas units are still under maintenance. Due to the general downstream demand, the domestic p-xylene price trend rises. The closing price of international crude oil remained high, and the PX external price rose sharply. As of the 12th, the closing prices were US $923-925 / T FOB Korea and US $941-943 / T CFR China. Recently, the operating rate of PX units in Asia has not changed much. On the whole, the operating rate of p-xylene units in Asia is more than 60%, the supply of PX goods in Asia is general, and the PX external closing price has risen sharply, The price trend of domestic p-xylene market rose.

In the first half of October, the trend of crude oil price rose sharply. WTI crude oil futures in the United States rose, and the settlement price of main contracts was reported as US $80.64/barrel, and the settlement price of Brent crude oil futures was reported as US $83.42/barrel. After the oil price rose, it stabilized, and the market fell into differences temporarily. Affected by the global economic recovery and supply shortage, the oil price is still easy to rise but difficult to fall. Since October, the rise of crude oil price is good for the price of domestic petrochemical products, and the price trend of p-xylene is rising.

Since October, the price trend of downstream PTA market has risen. As of October 13, the average price of PTA market was 5400-5500 yuan / ton. The rise in international crude oil prices has strengthened the support for PTA costs. Recently, some PTA units were overhauled, of which the 1.5 million ton unit of Jiaxing Petrochemical stopped on October 9; Yisheng Dalian 6 million ton plant was shut down for 4-5 days on October 8; Hengli Dalian 2.5 million ton unit was overhauled for two weeks on October 8, the industrial commencement dropped to near 60%, and there was output compression at the supply end. Next, restart and overhaul coexisted, and the discharge of 650000 ton PTA unit of Yangzi Petrochemical was restarted on October 11; Two sets of yishanhua with a total of 6 million tons are planned to restart on October 12; Chuanneng chemical is expected to produce 1 million tons of high-quality products on October 13. As of October 12, the operating rate of domestic PTA industry is around 63%, which is expected to decline in the later stage. Therefore, the cumulative inventory rate of PTA is suspended. Affected by the dual control of energy consumption in Jiangsu and Zhejiang, the operating load of polyester weaving in the downstream further fell to less than 80%, the supply of goods was tight, mainly consumption inventory, and the prices of staple fiber, filament and other products rose sharply. However, under the condition of increasing supply and decreasing demand, the driving force of PTA continued to rise was insufficient, and the price trend of p-xylene market rose.

Chen Ling, PX analyst of business society, believes that the current short-term crude oil price trend is OK, but the downstream PTA and textile market continue to rise, and the polyester market remains high. It is expected that the market price of p-xylene may stabilize temporarily in the later stage.