On October 22, the PX commodity index was 54.40, unchanged from yesterday, down 46.88% from 102.40 (2013-02-28), the highest point in the cycle, and up 19.43% from 45.55, the lowest point on February 15, 2016. (Note: cycle refers to 2013-02-01 to now).

According to statistics, on the 22nd, the domestic market price trend of p-xylene was temporarily stable, the operation of new 600000 ton plant in Hongrun was stable, the operation of petrochemical plant in Pengzhou was stable, 50% of petrochemical plant in Urumqi was started, one line of aromatics plant in Fuhai Chuang was started, CNOOC Huizhou refining and chemical plant was overhauled, the PX plant in Hengli Petrochemical was put into operation, and other units were temporarily stable. As the new plant was put into operation, the domestic The market supply of xylene is normal, and the market price trend of p-xylene is stable temporarily. The operating rate of PX plant in Asia is about 80%. On October 21, the closing price of p-xylene market in Asia dropped by 6 US dollars / ton, and the closing price was 761-763 US dollars / ton fob in South Korea and 781-783 US dollars / ton CFR in China. Over 50% of domestic products need to be imported. The decline of external market price has a certain negative impact on the domestic market price of p-xylene, but the domestic market price trend is temporarily stable.

On October 21, WTI crude oil futures market price in the United States fell to US $53.31/barrel, or US $0.47, while Brent crude oil futures price fell to US $58.96/barrel, or US $0.46. Measured by total domestic delivery, domestic oil demand in the United States was 20.8 million barrels / day, the highest level in September. 3.2% less than August, but 3.5% more than September 2018. As of September, the total oil demand averaged 20.5 million barrels per day, up 0.3% year-on-year, the highest level since 2007. Saudi Aramco said that the company has recovered its normal crude oil production level, and the crude oil processed in Abqaiq and khurais has reached the export grade. The crude oil price declined slightly, which had limited impact on the cost support of downstream petrochemical products, and the domestic p-xylene price trend was stable. In recent years, the textile industry has been in a volatile market, the PTA Market operating rate has declined, and the PTA price trend has remained low. The average price of the offer in East China is about 4900-5000 yuan / ton. As of the 21st day, the domestic PTA operating rate is about 88%, and the polyester industry operating rate is about 88%. Due to the sufficient supply in PTA field and the general trading atmosphere, the purchase is dominated by traders, followed by sporadic polyester factories, and affected by crude oil price. The market price of PTA in the downstream is slightly lower due to the shock, and it is expected that the market price of PX will maintain 6800 yuan / ton in the short term.