1、 Price trend:

According to statistics, the trend of domestic p-xylene ex factory price this week is temporarily stable. The weekend average price is 6300 yuan / ton, which is the same as that at the beginning of the week, down 28.41% year on year.

2、 Market analysis:

Products: this week, the domestic market price trend of p-xylene is temporarily stable, the domestic PX operation rate is maintained at more than 70%, the operation of new 600000 ton Hongrun unit is stable, the operation of Huizhou refining and chemical unit is stable, the first line of Fuhai Chuang unit is started, the operation of Pengzhou petrochemical unit is stable, the operation of Yangzi Petrochemical PX unit is normal, the operation of Jinling Petrochemical unit is stable, the operation of Qingdao Lidong unit is full load, Qilu Petrochemical equipment is stable With stable operation, Urumqi petrochemical plant starts at about 50%, Hengli petrochemical plant operates normally, and domestic p-xylene supply is normal. Due to the fluctuation of crude oil price, the domestic market price of p-xylene is temporarily stable. This week, the operating rate of PX plant in Asia is more than 70%, and the supply of PX in Asia is normal. This week, the external price of PX rises slightly. As of the end of the week, the closing price of PX market in Asia is 734-736 US dollars / ton FOB South Korea and 754-756 US dollars / ton CFR China. Affected by the rising international crude oil price, the external price of PX rises slightly this week, and more than 40% of domestic products need to be imported , the closing price rise of PX external market has a certain positive impact on the domestic market, and the price trend of domestic PX market has increased.

Industry chain: the closing price of international crude oil rose slightly this week. As of the 20th, the price of WTI crude oil futures market in the United States rose, with the main contract at 53.88 yuan / barrel. The price of Brent crude oil futures market rose, with the main contract at 59.31 USD / barrel. Since February 11, the oil price has risen for eight consecutive trading days. On the one hand, the impact of China’s epidemic has been gradually digested, and the market demand for crude oil has declined On the other hand, the rise of US sanctions on Venezuela and OPEC’s reduction in production are good for oil prices to continue to rebound. The rise of crude oil price is a great positive influence of domestic chemical products, and the domestic market price trend of p-xylene is temporarily stable. The price trend of PTA Market in the downstream of this week fluctuated. By the end of the week, the PTA Market in East China had been negotiated around 4400-4500 yuan. The terminal textile was gradually resumed this week, and the operating rate was slowly increased. However, the polyester and PTA load was maintained at more than 60%. The upstream of the industrial chain was under great pressure to go to the warehouse, the low oil price was stabilized and recovered, and the cost support was strengthened under the environment of low processing cost. The short-term long-term long-term game continued to fluctuate Focus on the progress of demand recovery. In the near future, the crude oil price is higher, and the market price trend of p-xylene is temporarily stable.

Industry: the textile industry started to improve this week, but during the epidemic, transportation was difficult, crude oil prices rose slightly, and the market price trend of p-xylene was temporarily stable.

3、 Future forecast:

Chen Ling, an PX analyst at business club, believes that the recent high crude oil price, coupled with the continuous resumption of downstream textile enterprises, has led to a rise in the operating rate of downstream textile industry, and the supply of domestic PX market is normal. It is expected that the PX market price will maintain 6300 yuan / ton next week.