On November 14, China’s domestic p-xylene price trend was temporarily stable

On November 14, the PX commodity index was 54.40, which was the same as yesterday, 46.88% lower than 102.40 (2013-02-28), the highest point in the cycle, and 19.43% higher than 45.55, the lowest point on February 15, 2016. (Note: cycle refers to 2013-02-01 to now).


PVA 0599 (PVA BF05)

According to statistics, on the 14th, 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 plant 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 November 13, the closing price of PX market in Asia increased by 2 US dollars / ton, and the closing price was 768-770 US dollars / ton fob in South Korea and 788-790 US dollars / ton CFR in China. More than 50% of domestic PX plant needs to be imported. The rise of external market price has a certain positive impact on the domestic PX market price, but the price trend in domestic market is temporarily stable.



On November 13, WTI crude oil futures market in the United States rose to $57.12/barrel, or $0.32, while Brent crude oil futures rose to $62.37/barrel, or $0.31. API crude oil inventory decreased slightly unexpectedly, but gasoline and refined oil inventory increased both. U.S. crude oil inventories fell 541000 barrels to 440 million barrels in the week to November 8, according to API, with analysts expecting an increase of 1.6 million barrels. Cushing’s inventory decreased by 1.2 million barrels, crude oil price rose, and domestic p-xylene price trend was stable. In recent years, the textile industry market has been volatile, the PTA Market operating rate has declined, and the PTA price trend has continued to decline. The average price of the offer in East China is around 4700-4800 yuan / ton. As of the 13th day, the domestic PTA operating rate is about 91.5%, and the polyester industry operating rate is about 89%. Due to the sufficient supply in the PTA field, the transaction atmosphere is general. The purchase is dominated by traders, followed by sporadic polyester factories, and affected by the original oil price The price of PTA in the downstream market is slightly lower due to grid shock, and it is expected that PX market price will maintain 6800 yuan / ton in the short term.