Domestic price trend:

From the trend chart of p-xylene, it can be seen that the price of p-xylene was temporarily stable this week. By the end of the week, the domestic ex factory price of p-xylene was 6500 yuan / ton, which was the same as that at the beginning of the week, with a year-on-year increase of 58.54%. The price trend of domestic PX market was temporarily stable this week.

In recent years, the domestic supply of p-xylene is normal, and the domestic PX operating rate is more than 60%. The 600000 ton unit of Sinopec Hongrun Petrochemical Co., Ltd. operates stably, the Yangzi petrochemical unit operates stably, the Pengzhou petrochemical unit operates stably, the Yangzi Petrochemical PX unit operates normally, the Jinling Petrochemical Unit operates stably, the Qingdao Lidong unit operates at full load, and the Qilu petrochemical unit operates stably, The start-up of Urumqi petrochemical plant is about 50%, and the domestic supply of p-xylene is general. However, some overseas plants are still under maintenance, and the domestic price of p-xylene remains high due to the impact. The recent rise in the international crude oil closing price has affected the PX external price trend. As of the 24th, the closing prices in Asia were 896-898 US dollars / ton FOB Korea and 914-916 US dollars / ton CFR China. The recent change in the operating rate of PX units in Asia was small. As a whole, the operating rate of PX units in Asia was more than 60%, the supply of PX in Asia was general, and the PX external price rose, The price trend of domestic p-xylene market is temporarily stable.

The price of crude oil continued to rise this week, with the international oil price rising. The settlement price of the main contract in WTI crude oil futures market of the United States was at US $73.30/barrel, and the settlement price of the main contract in Brent crude oil futures market was at US $74.81/barrel. The oil price continued to consolidate at a high level. At present, the price has reached a high point in the past three years, mainly due to the support of US commercial crude oil inventory data and the delay of Iranian oil’s return to the market, Supported by favorable factors, international crude oil prices continue to rise. This week, crude oil prices continued to rise, which is good for domestic petrochemical products prices, and the price trend of p-xylene was temporarily stable.

The price trend of PTA Market in the lower reaches rose this week. As of the 25th, the average price of PTA market was 4950-5000 yuan / ton, up 4.31% this week. The international crude oil price rises, and the cost support is obvious. The PTA plant has been running stably in the near future, and the supply side has performed normally. This week, the PTA operation rate is about 84%. The PTA delivery situation is general, and the on-site delivery situation is general. However, the pressure of new production capacity is still huge, and the price is lack of action on the trend. Polyester production and marketing has little change, the international epidemic has been controlled to a certain extent, but the follow-up orders of the textile industry are weak. The profits of domestic textile industry are concentrated in the spinning process. The lower reaches of the textile industry do not have a high acceptance of the fabric price rise, and the price transmission is not smooth. There is still downward pressure on the yarn price, which may further affect the price performance of the raw material end. Recently, the domestic PTA market price continues to rise, the downstream market is general, and the price trend of p-xylene market is temporarily stable.

Business community PX analyst Chen Ling believes that the current strong performance of the cost side, short-term crude oil prices have a supporting role, coupled with the downstream PTA and textile market trend has risen, it is expected that the market price of p-xylene will rise later.