On October 24, the PX commodity index was 54.40, unchanged from yesterday, down 46.88% from 102.40 (2013-02-28), the highest point in the cycle, and up 19.43% from 45.55, the lowest point on February 15, 2016. (Note: cycle refers to 2013-02-01 to now).
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According to statistics, on the 24th, 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 was put into operation, and other units were temporarily stable. As the new plant was put into operation, 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 October 23, the closing price of PX market in Asia increased by 4 US dollars / ton, and the closing price was 765-767 US dollars / ton fob in South Korea and 785-787 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 domestic market price trend is temporarily stable.
WTI crude oil futures market rose on October 23 to $55.97/barrel, or $1.49, while Brent crude oil futures rose to $61.17/barrel, or $1.47. EIA crude oil inventory fell by 1.699 million barrels in the week to October 18, with an expected increase of 2.2232 million barrels, compared with a previous increase of 9.281 million barrels. After the data was released, WTI crude oil rose to 1.1%, breaking 55 USD / barrel. Crude oil price rose slightly, which had limited cost support impact on downstream petrochemical products, 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 remained low. The average offer price in East China is around 4900-5000 yuan / ton. As of the 22nd day, the domestic PTA operating rate is about 89.7%, and the polyester industry operating rate is about 89%. Due to the sufficient supply in PTA market, the transaction atmosphere is general, the buying 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.
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