On September 18, the PX commodity index was 52.80, unchanged from yesterday, down 48.44% from its peak of 102.40 points in the cycle (2013-02-28), and up 15.92% from its low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).

According to statistics, the domestic market price trend of p-xylene was temporarily stable on the 18th. Hongrun 600,000 tons new plant was running steadily, Pengzhou Petrochemical Plant was running steadily, Urumqi Petrochemical Plant was started 50%, Fuhaichuang Aromatic Hydrocarbon Plant was starting a line, CNOOC Huizhou Refinery and Chemical Plant was overhauled, Hengli Petrochemical PX Plant was put into operation, and other units were running steadily. Temporarily stable operation, due to the normal domestic market supply of p-xylene, the market price trend of p-xylene is temporarily stable. The opening rate of PX plant in Asia is about 80%. The closing price of p-xylene in Asia rose by 26 US dollars/ton on September 17. The closing price is 830-832 US dollars/ton FOB in Korea and 849-851 US dollars/ton CFR in China. More than 50% of the domestic units need to be imported. The rise of foreign prices has a positive impact on the domestic market price of p-xylene. However, the domestic market price trend is temporarily stable.

On September 17, the price of WTI crude oil futures fell to $59.34 a barrel, or $3.56, while Brent crude oil futures fell to $64.55 a barrel, or $4.47. Due to terrorist attacks, Saudi Amy’s factories in Bulgaria and Kules caught fire, but the factories responded positively. Nearly 70% of production has been restored and crude oil prices have fallen, with limited impact on downstream petrochemical products and higher external price of paraxylene. Recently, the textile industry has been on the rise, PTA market starting rate has risen slightly, PTA price has risen slightly, the average offer price in East China is around 5400-5500 yuan/ton, the domestic PTA starting rate has risen to about 97.7% by the 17th day, and the polyester industry starting rate is about 90%. Due to the increase of PTA market supply, the trading atmosphere is general, and the buying rate is about 90%. Traders dominate, sporadic polyester factories follow-up, driven by the rise in crude oil prices downstream PTA market prices slightly higher, is expected to maintain PX market prices in the short term or 6600 yuan/ton.