According to statistics, the trend of domestic p-xylene ex factory price is stable this week. The average price at the weekend is 4700 yuan / ton, which is temporarily stable compared with 4700 yuan / ton at the beginning of the week, with a year-on-year decline of 31.88%.

The price trend of domestic p-xylene market is temporarily stable. The domestic PX operation rate is about 60%. The operation of Hongrun 600000 tons new plant is stable, Huizhou refining and chemical plant is stable, Fuhai Chuang plant starts one line, Pengzhou petrochemical plant is stable, Yangzi Petrochemical plant is normal, Jinling Petrochemical plant is stable, Qingdao Lidong plant is full load, Qilu Petrochemical plant is stable The start-up of Urumqi petrochemical plant is about 50%, Hengli petrochemical plant is running normally, the supply of domestic p-xylene is normal, and the price trend of domestic p-xylene market is temporarily stable. This week, the operating rate of p-xylene plant in Asia was about 70%, and the supply of PX in Asia was normal. The PX external price rose sharply this week. By the end of the week, the closing price of p-xylene market in Asia was US $676-678 / T FOB South Korea and US $694-696 / t CFR China. The PX external price rose this week, and about 40% of domestic products needed to be imported, so the PX external price closed Higher to the domestic market to bring a certain positive support impact, domestic PX market price trend temporarily stable.

The price of WTI crude oil futures market in the United States rose sharply this week. As of the 7th, the price of WTI crude oil futures market in the United States rose, with the settlement price of the main contract at US $50.83/barrel. The price of Brent crude oil futures market rose, with the settlement price of the main contract at US $54.38/barrel. The oil price continued to rise, and WTI hit the highest point in nearly 11 months. The main reason is that the market is still concerned about Saudi Arabia’s commitment to reduce production and the tension between the United States and Iraq The strong stock market and other factors are favorable for oil prices. The rising trend of international crude oil prices is a good support for domestic petrochemical products. The price trend of domestic paraxylene market is temporarily stable.

This week, the price trend of PTA Market in the lower reaches rose. By the end of the week, the negotiation of PTA Market in East China was around 3800-3900 yuan, and the recent PTA downstream orders were acceptable. PTA enterprises had good production enthusiasm, and there was no large-scale maintenance phenomenon. As of January 7, the starting load of domestic PTA production enterprises was 84%, which was at the normal level. At present, the periodic contradiction between supply and demand of PTA is not sharp, and crude oil still brings some support to the market. PTA price is expected to continue the strong oscillation situation, so the price trend of upstream PX is mainly stable.

In general, the demand of textile industry has not improved significantly, the order performance is relatively normal, the terminal demand is general, the upstream PX is mainly purchased on demand, and the price trend of PX market is mainly stable.

Chen Ling, PX analyst of business news agency, believes that the recent trend of crude oil price remains at a high level, coupled with the rising trend of downstream PYA market price, the domestic PX market supply is normal, and it is expected that the PX market price will rise slightly next week.