On September 23, the PX commodity index was 52.80, unchanged from yesterday, down 48.44% from the peak of 102.40 points in the cycle (2013-02-28), and up 15.92% from the 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 23rd. 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%. On September 20, the closing price of p-xylene in Asia dropped by 5 US dollars per ton. The closing price is 785-787 US dollars per ton FOB in Korea and 804-806 US dollars per ton CFR in China. More than 50% of the domestic units need to be imported. The decline of foreign prices has a negative impact on the domestic market price of p-xylene. However, the domestic market price trend is temporarily stable.

On September 20, the price of WTI crude oil futures fell to 58.09 U.S. dollars per barrel, or 0.04 U.S. dollars. Brent crude oil futures fell to 64.28 U.S. dollars per barrel, or 0.12 U.S. dollars. Saudi energy minister Abdulaziz Ben Salman held a news conference in Jeddah, saying Saudi Arabia would soon recover. Most of its oil production, and in a few weeks to fully restore all production, crude oil prices fell, the impact on downstream petrochemical products is limited, and the price of xylene outside was affected by the decline. Recent textile industry volatility, PTA market start-up rate maintained high, PTA price trend temporarily stable, the average price of East China in the vicinity of 5200-5300 yuan/ton, up to 20 domestic PTA start-up rate rose to about 94%, polyester industry start-up rate of about 90%, due to PTA market supply increased, trading atmosphere is general, buy-out trade. Traders mainly, sporadic polyester factories follow-up, affected by the decline in crude oil prices downstream PTA market prices remain low, is expected to maintain PX market prices in the short term or 6600 yuan/ton.