According to the statistics, the price of xylene is stable at the beginning of this week, and the average price of xylene is 4600.34 yuan / week.

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. The trend of PX external price is mainly fluctuating. As of the end of the week, the closing prices of PX in Asian region are 524-526 USD / T FOB Korea and 542-544 USD / T CFR China. This week, the external price of PX has little change. More than 40% of domestic products need to be imported, and the closing price of PX external market is shocked Swing to the domestic market to bring a certain support impact, domestic PX market price trend temporarily stable.

The U.S. WTI crude oil futures market price rose this week. As of the 6th, the settlement price of the main contract in the US WTI crude oil futures market was at $41.95/barrel, and the settlement price of the main contract in the Brent crude oil futures market was at $45.09/barrel. The recent rise in crude oil prices is mainly due to OPEC +’s agreement to relax the supply limit for record production reduction, the number of cases in the United States continues to surge, and supported by the good news of compensatory production reduction in Iraq, the crude oil price trend has risen and the domestic p-xylene market price trend has temporarily stabilized.

The price trend of downstream PTA market rose this week. As of the end of the weekend, the PTA Market in East China had been discussed for 3600-3700 yuan. Recently, the starting load of PTA industry was 85%, and the rise of crude oil price supported PTA market price. However, up to now, the domestic loom operating load is at a low point in the same period of 7 years, while the gray cloth inventory in Shengze area 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, at present, the demand has not recovered. Recently, due to the promotion of crude oil price, PTA market price has increased, but the textile industry demand has not improved significantly, 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 have risen slightly in the near future, but the operating rate of downstream textile enterprises is average, and domestic PX market supply is normal. It is expected that the PX market price will maintain about 4600 yuan / ton next week.