Domestic price trend:

As can be seen from the p-xylene trend chart, the market price of p-xylene increased slightly this week. As of the weekend, the domestic ex factory price of p-xylene was 7300 yuan / ton, up 0.34% from the price of 7275 yuan / ton at the beginning of the week, up 58.7% year-on-year. The price trend of domestic PX market increased slightly this week.

Recently, the domestic p-xylene supply is normal, the domestic PX operating rate is more than 60%, the 600000 ton unit of Sinochem Hongrun Petrochemical operates stably, the unit of Yangzi Petrochemical operates stably, the unit of Pengzhou Petrochemical operates stably, the PX unit of Yangzi Petrochemical operates normally, the unit of Jinling Petrochemical operates stably, the unit of Qingdao Lidong operates at full load, and the unit of Qilu Petrochemical operates stably, The start-up of Urumqi petrochemical plant is about 50%, and the domestic p-xylene supply is general, but some overseas plants are still under maintenance, and the domestic p-xylene price is slightly affected. Recently, the closing price of international crude oil has dropped somewhat, and the trend of PX external price has decreased slightly. As of the 5th, the closing prices in Asia were USD 918-920 / T FOB Korea and USD 936-938 / T CFR China. Recently, the operating rate of PX unit in Asia has changed little. On the whole, the operating rate of p-xylene unit in Asia is more than 60%, and the supply of PX goods in Asia is general, The closing price of PX fell slightly, and the price trend of domestic p-xylene market rose slightly.

This week, the crude oil price declined sharply. The settlement price of the main contract in the WTI crude oil futures market in the United States was reported to be USD 69.09/barrel, and the settlement price of the main contract in the Brent crude oil futures market was reported to be USD 71.29/barrel. Recently, the crude oil price declined, and the economic data recently released by major economies are not ideal, What is more important is that the market is further worried about the slowdown in demand caused by delta virus and the oversupply caused by the increase in production of oil producing countries. Crude oil prices fell sharply this week, which was bad for the price of domestic petrochemical products, and the price trend of p-xylene rose slightly.

The price trend of downstream PTA market fell this week. As of June 6, the average price of PTA market was 5250-5350 yuan / ton, down 4.77% this week. International crude oil prices fell sharply, and the cost lost some support. Recently, the operating rate of PTA unit has declined, and the supply side has performed normally. This week, the operating rate of PTA is about 70%, the delivery of PTA is general, and the on-site delivery is weak. Crude oil prices fell this week, affected by lower costs. Polyester production and sales have not changed much, and the international epidemic has been controlled to a certain extent, but the follow-up orders in the textile industry are weak. The profits of the domestic textile industry are concentrated in the spinning link. The downstream acceptance of fabric price rise is not high, 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 has been affected by crude oil, the price has dropped, the downstream market is general, and the market price trend of p-xylene is mainly stable.

Chen Ling, PX analyst of business society, believes that the current cost performance is weak, the pressure of sharp rise in short-term crude oil price is large, and the trend of downstream PTA and textile market has dropped. It is expected that the market price of p-xylene may remain stable in the later stage.