Domestic price trend:

From the trend chart of p-xylene, it can be seen that the price of p-xylene remained stable this week. As of the 14th, the domestic ex factory price of p-xylene was 6400 yuan / ton, which was the same as that at the beginning of the week, with a year-on-year increase of 60%. The price trend of domestic PX market this week was stable.

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%. The domestic supply of p-xylene is general, but there are many overhauls of overseas plants. The domestic price of p-xylene is affected and the trend remains high. Recently, the international crude oil price closed down, and the PX external price trend was temporarily stable. As of the 13th, the closing prices in Asia were 860-862 US dollars / ton FOB Korea and 878-880 US dollars / ton CFR China. In recent years, the operating rate of PX unit in Asia had little change. Overall, the operating rate of PX unit in Asia was less than 60%, the supply of PX in Asia was general, and the PX external closing price was temporarily stable, Affected by the external price, the price trend of domestic p-xylene market is temporarily stable.

The price of crude oil fell this week. The settlement price of the main contract of WTI crude oil futures market in the United States was 63.82 US dollars / barrel, and that of Brent crude oil futures market was 67.05 US dollars / barrel. On Thursday, the price of crude oil plummeted by more than 3%, mainly due to the severe epidemic situation in India, which rekindled the market’s worry, and the network attack caused the U.S. fuel pipeline unable to operate to resume operation, Rising inflation expectations in the United States and concerns about the Fed’s interest rate hike also pushed the pause button for the rise in oil prices. Crude oil prices fell sharply this week, while domestic petrochemical products prices of likong were affected, and the price trend of p-xylene was temporarily stable.

This week, the price trend of PTA Market in the lower reaches fell sharply, and the domestic PTA spot market fell. As of the 14th, the average price of PTA market was 4650-4700 yuan / ton, with a decrease of 4.09% this week. The international crude oil price is lower and the cost support is poor. In the near future, the PTA plant has been overhauled and restarted, and the supply side has increased. In the middle of May, the PTA operation rate was about 79%, the PTA delivery situation was general, and the price was high. Polyester production and sales fell again, European and American epidemic counterattack and Xinjiang cotton products export pressure is still large, follow-up orders 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 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 fallen sharply, and the downstream market is not good, which has a negative impact on the PX market.

Chen Ling, PX analyst of business news agency, believes that there is certain uncertainty in the current cost side. In the short term, the crude oil price will remain high and volatile, but the PTA and textile market in the downstream have a downward trend. It is expected that the market price of p-xylene will be stable in the future, but there is no lack of possibility of a downward trend.