According to statistics, the price trend of domestic p-xylene factory was temporarily stable this week, with an average price of 4800 yuan / ton at the weekend, which was temporarily stable compared with the price of 4800 yuan / ton at the beginning of the week, with a year-on-year decrease of 31.43%.

The domestic PX operating rate is about 60%. The operation of Hongrun 600000 ton new unit is stable, Huizhou refining and chemical plant is stable, fuhaichuang plant is on the first line, Pengzhou petrochemical plant is running stably, Yangzi Petrochemical PX unit is running normally, Jinling Petrochemical plant is running smoothly, Qingdao Lidong unit is operating at full load, Qilu Petrochemical plant is running stably The start-up of Urumqi petrochemical plant is about 50%, and Hainan refining and Chemical Co., Ltd. has started a production line. Hengli petrochemical plant is in normal operation, the domestic p-xylene supply is normal, and the domestic p-xylene market price trend is temporarily stable. This week, the operating rate of PX units in Asia is about 70%. The supply of PX goods in Asia is normal. This week, the external price of PX fluctuates mainly. As of the end of the week, the closing prices of PX market in Asia are 528-530 USD / T FOB Korea and 546-548 USD / t CFR China. Affected by the fluctuation of international crude oil price, the external price of PX has little change this week, and more than 40% of domestic products need To import, PX external market closing price shocks to the domestic market to a certain extent, domestic PX market price trend temporarily stable.

The U.S. WTI crude oil futures market prices fluctuated this week. As of the 16th, the U.S. WTI crude oil futures market prices fell, with the settlement price of the main contracts at US $40.93/barrel, while the Brent crude oil futures market prices fell to US $43.37/barrel. The main reason is that OPEC + agreed to relax the supply limit of record production reduction, while the number of epidemic cases in the United States continued to surge, causing demand concerns Under the influence of crude oil price fluctuation, the domestic p-xylene market price trend is temporarily stable.

This week, the price trend of downstream PTA market did not change much. As of the end of the weekend, East China PTA Market negotiation was around 3500-3600 yuan, and the recent PTA industry operating load was 89%, and crude oil price shocks supported PTA market price. Up to now, domestic loom operating load is at a low point in the same period of 7 years, while Shengze area grey cloth inventory is at a historical high, so it is difficult to remove inventory. In addition, it is traditional clothing from July to August In the off-season of the industry, the demand has not recovered yet. It is expected that by the end of the third quarter, downstream clothing manufacturers will start to prepare materials. With the impact of Christmas season, the demand is expected to increase. The PTA market price trend is mainly volatile this week, and the PX price trend is stable.

On the whole, the demand of textile industry has not improved significantly, the order performance is not stable, and the terminal demand is poor. For upstream Px, on-demand procurement is the main factor, and the price trend of PX market is stable.

Chen Ling, an analyst at Px, a business agency, believes that crude oil prices are mainly volatile in the near future, but the operating rate of downstream textile enterprises is general, and the domestic PX market supply is normal. It is expected that the PX market price will maintain about 4800 yuan / ton next week.