PX market price trend temporarily stable this week (10.19-10.23)

According to statistics, the domestic p-xylene factory price trend is temporarily stable this week, with the average weekend price of 4450 yuan / ton, which is temporarily stable compared with the price of 4450 yuan / ton at the beginning of the week, down 34.56% year on year.

 

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The price trend of domestic p-xylene market is temporarily stable, the domestic PX commencement rate is about 60%, Hongrun 600000 tons of new units are stable, Huizhou refining and chemical plant is stable, Fuhai Chuang plant starts a line, Pengzhou petrochemical plant is stable, Yangtze Petrochemical PX unit is in normal operation, Jinling Petrochemical plant is running stably, Qingdao Lidong unit is fully loaded, Qilu Petrochemical plant is stable , Urumqi petrochemical plant starts at about 50%, Hainan Petrochemical starts a production line, Hengli petrochemical plant is in normal operation, domestic supply of p-xylene is normal, and the domestic market price trend of p-xylene is temporarily stable. This week, the start rate of p-xylene units in Asia is about 70%, the supply of PX goods in Asia is normal, and the price of PX external market in Asia fluctuates this week. As of the weekend, the closing price of the p-xylene market in Asia is 537-539 USD / T FOB Korea and 555-557 USD / t CFR China. The price trend of PX external market is mainly fluctuating this week, more than 40% of domestic products need to be imported, and the closing price of PX external market is shocked Swing has brought some support to the domestic market, and the price trend of domestic PX market is stable temporarily.

 

The price fluctuation of WTI crude oil futures market in the United States was mainly dominated this week. As of 22, the settlement price of the main contract in the U The price rise, the price of oil failed to recover the previous trading day decline, the international crude oil price trend is volatile, which has a certain cost support impact on domestic petrochemical products, and the domestic price trend of xylene market is temporarily stable.

 

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The price trend of PTA Market in the downstream of this week rose slightly. By the end of the weekend, the PTA Market in East China had been talking about 3450-3500 yuan self-improvement. Recently, the PTA industry started to operate at 84%, some equipment maintenance, oil price fluctuation and demand recovery range were limited, and PTA Market price was limited. Downstream polyester market is weak, production and marketing are light. Raw materials follow the price of crude oil, polyester Market Outlook atmosphere increases, demand is general. The inventory continued to rise, and the overall inventory of polyester market was concentrated on 33-41 days; in terms of specific products, POY inventory was 12-18 days, FDY inventory was 23-35 days nearby, while DTY inventory was about 31-44 days. The price of the factory is stable and weak, some factories have preferential negotiation and the volume is added, and the downstream market is not improved, and the PX price trend is temporarily stable.

 

In a comprehensive way, the demand of textile industry has not improved significantly, the order performance is unstable, and the terminal demand is poor. For upstream Px, the main demand is purchasing on demand, and the price trend of PX market is stable.

 

Chen Ling, an analyst at PX of business agency, thinks that the crude oil price trend is mainly volatile in the near future, but the commencement rate of downstream textile enterprises is general, the price of PTA market is not changed much, and the domestic PX market supply is normal. It is expected that the PX market price will remain stable next week.

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