According to statistics, the price trend of domestic p-xylene factory was temporarily stable this week, with an average price of 4600 yuan / ton at the weekend, which was temporarily stable compared with the price of 4600 yuan / ton at the beginning of the week, with a year-on-year decrease of 30.3%.
| PVA 1799 (PVA BF17) |
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%, and the supply of PX goods is normal in Asia. This week, the price trend of PX external market is mainly volatile. As of the end of the week, the closing prices of PX market in Asia are 531-533 USD / T FOB Korea and 549-551 USD / T CFR China. This week, the external price of PX has not changed much. 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 fell sharply this week. As of the 10th, the settlement price of the main contract in the U.S. WTI crude oil futures market was at $38.05/barrel. The price of Brent crude oil futures market was mainly due to the impact of the weak demand caused by the epidemic situation, which was expected to continue to enlarge. According to related news, analysis of the long Labor Day weekend in the United States shows that new coronavirus infections have increased in 22 of the 50 states in the United States. And in India and the United Kingdom, the number of new infections is growing. The global epidemic situation is still serious, and due to the economic start-up in some countries, the relaxation or cancellation of restrictive measures has led to the continuous spread of the virus. People’s concern that the rebound of the epidemic may weaken the global economic recovery has increased, and then hit the demand for fuel. The crude oil price trend declined, and the domestic p-xylene market price trend temporarily stabilized.
| PVA |
This week, the price trend of downstream PTA market dropped sharply. As of the end of the weekend, the PTA Market in East China had been discussed to be around 3400-3500 yuan. Recently, the operating load of PTA industry was 87%. The restart of its own device, the fall of oil price and the recovery of demand were limited. The superposition of negative factors led to the fall of PTA price. Downstream polyester market is weak, production and sales are light. Raw materials fell with crude oil, polyester Market wait-and-see atmosphere increased, demand weakened. Inventory continued to rise, polyester market overall inventory concentrated in 33-41 days; specific products, POY inventory to 12-18 days, FDY inventory to 23-35 days, and DTY inventory to 31-44 days. Factory prices are stable and weak, and some factories are willing to negotiate on a volume basis. The downstream market is not good. PX price trend is Friday.
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, PX analyst of business agency, thinks that the trend of crude oil price has dropped in recent years, but the operating rate of downstream textile enterprises is general, PTA market price is falling, and domestic PX market supply is normal. It is expected that PX market price will maintain about 4600 yuan / ton next week.
| POLYVINYL ALCOHOL |