On August 28th, the PX Commodity Index was 66.60, which was the same as yesterday. It was down by 34.96% from the highest point of 102.40 points (2013-02-28) in the cycle, which was 46.21% higher than the lowest point of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date)

Recently, the domestic market price of paraxylene rose slightly. The equipment was repaired by Pengzhou Petrochemical. The Urumqi petrochemical plant started 50%. The Tenglong aromatic hydrocarbon plant has been in the parking. The other devices are temporarily stable and the domestic p-xylene market is normal. The operating rate of PX devices in Asia is less than 70%. On August 28, the closing price of the paraxylene market in Asia increased sharply by US$54/ton, and the closing price was US$1305-1307/ton FOB Korea and US$1324-1326/ton CFR China. US WTI crude oil futures market price fell in October, reported 68.53 US dollars / barrel, a decline of 0.34 US dollars, Brent crude oil October futures prices fell to 75.95 US dollars / barrel, a decrease of 0.26 US dollars, upstream raw material prices fell slightly, but recently The textile industry rose and the PX market price rose slightly. The downstream PTA market was affected by the delay in resumption of production due to equipment maintenance. The PTA supply was slightly tight or continued. By the 28th, the domestic PTA operating rate was around 81.6%, the PTA price was sharply higher, and the average price in East China was 9300-9350 yuan. /Ton the vicinity of the self-lifting, coupled with the downstream production and sales maintained relatively high level of smooth operation, PTA is still in a balanced small de-stocking state, it is expected that the PX market price will rise slightly in the later period.

Market review

The price of methylene chloride rose this week. According to business data, the average price of dichloromethane at the beginning of the week was 4,241 yuan/ton, and the average price of the weekend was 4,343 yuan/ton. The price was raised by 2.40%.

Market analysis

Products: This week, the methylene chloride market was active in trading, manufacturers were inspected one after another, and methylene chloride was in short supply, and prices continued to rise. This week, Dongying Jinmao Aluminum Co., Ltd. has an annual output of 80,000 tons of methylene chloride plant, which has been parked; Luxi Chemical Group’s methylene chloride plant started at 50%; Jiangsu Li Culture & Industry Co., Ltd. has an annual output of 160,000 tons of methylene chloride plant 8 Overhaul for 15 days on the 15th to the 15th. The regional price difference of methylene chloride is large, including 4270 yuan/ton in Shandong, 4,850 yuan/ton in Jiangsu, 4,300 yuan/ton in Jiangxi, and 4,100 yuan/ton in Zhejiang. Among them, Zhejiang Suihua fluorine chemical dichloride price 4100 yuan / ton, Jiangsu science and culture workers dichloromethane 4850 yuan / ton, Dongying Jinmao aluminum industry dichloromethane parking, Dongying Shuochi chemical dichloromethane distribution price 4270 yuan / ton, Shandong Jinling Chemical Co., Ltd. has 4,270 yuan/ton of dichloromethane, and Jiangxi Li Culture has 4,300 yuan/ton of dichloromethane.

Industry chain: upstream natural gas: At present, environmental protection requirements are stricter, actively constructing a clean, low-carbon, safe and efficient modern energy system, fully promoting the elimination of clean energy, environmental protection pressure, “coal to gas” stimulates the rapid growth of natural gas demand, not in the off-season. Light, LNG plant shipments are better, liquid level is gradually reduced, coupled with the recent strong gas restrictions in the Northwest, LNG prices are at a high level. Due to the high price of LNG, the demand is reduced, the market mentality is not good, the downstream receiving goods are relatively weak, and the contradiction between supply and demand causes prices to start to fall. Downstream refrigerants: The recent high temperatures have led to a burst of demand for air-conditioning installations, and have also contributed to a surge in sales of refrigerant products. Products such as R22, R32, R134a, and R410A continue to increase in market prices.

Market outlook

The business community’s methylene chloride analyst believes that the current methylene chloride market starts to decline, and there are manufacturers in August to repair, plus downstream demand is better, and prices are expected to continue to rise next week.

On August 13, the PX Commodity Index was 66.40, which was the same as yesterday. It was down by 35.16% from the highest point of 102.40 points (2013-02-28) in the cycle, which was 45.77% higher than the lowest point of 45.55 on February 15, 2016. (Note: Period refers to 2013-02-01 to date)

Recently, the domestic market price of para-xylene remained at 8,300 yuan/ton, the on-site installation of Pengzhou Petrochemical was overhauled, and the Urumqi petrochemical plant was started at 50%. The Tenglong aromatics plant has been in operation, other devices are temporarily operating stably, and the domestic paraxylene market is in normal supply. The operating rate of PX devices in Asia is less than 70%. On August 10, the closing price of the paraxylene market in Asia increased by US$6/ton, and the closing price was 1115.5-1117.5 USD/ton FOB Korea and 1134.5-1136.5 USD/ton CFR China, USA WTI crude oil September futures market price fell 43 cents to close at 67.20 US dollars per barrel. The downstream PTA market was affected by the delay in resumption of production due to equipment maintenance. The PTA supply was slightly tight or continued. By the 10th, the domestic PTA operating rate was around 81%, the PTA price continued to rise, and the average price of the East China region was 7650-7700 yuan. /Ton the vicinity of the self-lifting, coupled with the downstream production and sales maintained relatively high level of smooth operation, PTA is still in a balanced small de-stocking state, it is expected that the PX market price will remain high in the later period.

First, the price trend

According to the price monitoring of the business community, as of August 7, the average domestic methanol market price was 2,982 yuan / ton, the overall market conditions rose sharply, the price rose 31.27% over the same period last year.

Second, the market analysis

Product: The domestic methanol market continues to rise. Futures continued to rise, driving the spot to rise. Today, the ports and the mainland are all rising, ranging from 50-240 yuan/ton. The southwest and northeast are temporarily stable, waiting for the new price. The new price in the northwest rose by 200 yuan/ton to 2,550 yuan/ton, focusing on the transmission to the mainland consumer market. On August 7, Zhengshang’s main contract for methanol futures, MA1809, fluctuated at a high level in the day, and closed at 3,237, up 12, with a turnover of 1.064 million hands and a reduction of 86,836 contracts.

Industry chain: Formaldehyde: The raw material methanol market has risen sharply, the cost is better than the formaldehyde support, and the formaldehyde price has risen accordingly; the demand for downstream plates and other low seasons is more than just purchase. Acetic acid: The domestic glacial acetic acid market rose sharply at the beginning of the week. Due to the company’s downsizing and maintenance news, the spot shortage in the market. Manufacturers export more, ship, long-term and pre-order orders. Therefore, the supplier’s offer has been continuously raised. Dimethyl ether: Due to the sharp increase in the trend of raw material methanol, the overall price trend of the domestic DME market continued to rise in the near future.

Freight reference: domestic methanol freight finishing, the Inner Mongolia north line to Lubei freight reference 250-290 yuan / ton, slightly higher; south line to Lubei freight 190-240 yuan / ton; Shanxi to Lubei 120-160 Yuan / ton, slightly higher; Guanzhong to Lubei freight 90-130 yuan / ton; Xinjiang to Lubei reference 680 yuan / ton.

Third, the market outlook

Business community view: On the positive side, under the influence of environmental protection, Shanxi and North Jiangsu coke oven gas methanol projects are still affected; futures gaps open higher, sharply higher, driving the spot higher; Russia’s methanol plant is shut down, international supply is reduced; Northwest The price of the guide will be raised to 2,550 yuan / ton, which will drive the surrounding market. . For the bearish side, the overall operation of the olefin plant is currently maintained at a low level; the MTO of Lianyungang is shut down for maintenance; the olefin load in Shandong is reduced to 60%, which is unfavorable for methanol digestion; the downstream traditional demand is low season, the overall low level is started, and the MTBE and East China acetic acid are repaired. The methanol digestion is limited; the factory in the northwestern Inner Mongolia will be gradually restarted, the resources will be supplied or enlarged; some methanol plants in northern Jiangsu will be restarted, and the supply of resources in the area will be enlarged. The methanol analyst of the business community expects that in the short-term market, as the main production area equipment gradually recovers, the resources supply or amplification, but some manufacturers overhaul news, so the downstream demand is not good, the methanol market is expected to be weak and dominated. .