According to statistics, the trend of domestic p-xylene ex factory price was temporarily stable this week, with an average price of 4300 yuan / ton at the weekend, which was temporarily stable compared with the price of 4300 yuan / ton at the beginning of the week, with a year-on-year decrease of 36.76%.

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 plant in Asia is about 70%, and the supply of PX goods is sufficient in Asia. This week, the trend of PX external price will fall. As of the end of the week, the closing price of PX market in Asian region is 502-504 USD / T FOB Korea and 520-522 USD / T CFR China. This week, the trend of PX external price declines, and more than 40% of domestic products need to be imported, and the closing price of PX external market is lower The domestic market brought a certain negative impact, domestic PX market price maintained a low level.

This week, the U.S. WTI crude oil futures market price fell mainly. As of the 5th, the settlement price of the main contract in the US WTI crude oil futures market was at US $38.79/barrel, while the settlement price of the main contract in Brent crude oil futures market was at $40.93/barrel. The oil price fell slightly, mainly because the market focus returned to concerns about the epidemic situation and the impact of the economic slowdown on fuel demand The downward trend of international crude oil price is a negative impact on domestic petrochemical products, and the price trend of domestic p-xylene market is temporarily stable.

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 negotiated to be around 3150-3250 yuan. Recently, the starting load of PTA industry was 86%. The recent drop of crude oil price and the expectation of new production capacity put into operation affected the PTA market price to drop sharply. Downstream polyester market is weak, production and sales are light. Raw materials follow crude oil price changes, polyester Market wait-and-see atmosphere increases, demand is general. 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 weak, and some factories negotiate on a preferential basis. The downstream market is not improved, and PX price trend is temporarily stable.

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 recent trend of crude oil price has declined, and the operating rate of downstream textile enterprises is general, PTA market price has fallen sharply, domestic PX market supply is normal, and it is expected that PX market price will remain stable next week.