On November 20, 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).
| Thiourea dioxide |
According to statistics, on the 20th, 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, 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 19, the closing price of p-xylene market in Asia dropped by 4 US dollars / ton, and the closing price was 765-767 US dollars / ton FOB South Korea and 786-788 US dollars / ton CFR China. More than 50% of domestic products need to be imported. The decline of external market price has a certain negative impact on the domestic market price of p-xylene, but the domestic market price trend is temporarily stable.
| Thiourea |
On November 19, WTI crude oil futures market price in the United States fell sharply, to $55.21/barrel, or $1.84, while Brent crude oil futures price fell sharply, to $60.91/barrel, or $1.53. Due to the continuous signs of Sino-U.S. trade war, the oil price remained near the highest close in eight weeks, which put pressure on the fuel demand outlook. Crude oil futures in New York fell 0.1% to close near $58 a barrel on Friday, after closing at their highest level since September 23. In the week to November 12, oil short sellers cut their short position in West Texas Intermediate by 41%. Crude oil prices fell sharply and domestic p-xylene prices were stable. In recent years, the textile industry is in a volatile market, the PTA Market operating rate is rising, and the PTA price trend is slightly rising. The average price of the offer in East China is about 4750-4850 yuan / ton. As of the 19th, the domestic PTA operating rate is about 92.5%, and the polyester industry operating rate is about 87.5%. Due to the sufficient supply in PTA field and the general trading atmosphere, the purchase is dominated by traders, followed up by sporadic polyester factories, and affected by the original oil price The price of PTA in the downstream market remains low due to grid shock. It is expected that the PX market price will maintain 6800 yuan / ton in the short term.
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