On October 21st, the PX Commodity Index was 88.00, which was the same as yesterday. It was 14.06% lower than the highest point in the cycle of 102.40 points (2013-02-28), which was 93.19% higher than the lowest point of 45.55 on February 15, 2016. (Note: Period refers to 2013-02-01 to date)

Recently, the domestic p-xylene market price remained at a high level. The on-site installation of Pengzhou Petrochemical was overhauled. The Urumqi petrochemical plant started 50%. The Tenglong aromatics plant has been in operation. Other devices are temporarily operating stably and the domestic paraxylene market is normal. The operating rate of PX devices in Asia is less than 70%. On October 19th, the closing price of p-xylene in Asia fell by US$2/ton, and the closing price was US$1239-1241/ton FOB Korea and US$1259-1261/ton CFR China,10 On the 19th, the US WTI crude oil futures market price in December rose to 69.28 US dollars / barrel, or 0.57 US dollars, Brent crude oil December futures prices rose to 79.78 US dollars / barrel, or 0.49 US dollars, upstream crude oil prices Before the decline, the price of paraxylene external disk fell sharply, but the domestic PX market price fluctuated at a high level. Recently, the textile industry’s market trend has declined, the downstream PTA market price has fallen, PTA prices have continued to fall in the near future, and the average price in the East China region has been raised from around 7,600-7,700 yuan/ton. By the end of the 19th, the domestic PTA operating rate was around 73%, plus downstream. The production and sales market is generally low, and the PTA market price is declining. It is expected that the PX market price will stabilize slightly in the later period.

According to the data monitoring of the business community, on October 11, the average price of acetic anhydride enterprises was 7750.00 yuan/ton, which was stable compared with the previous trading day.

The commercial price index of acetic anhydride on October 10 was 153.60, which was the same as yesterday. It was 7.32% lower than the highest point of 165.73 points (2018-06-19) in the cycle, which was 86.00% higher than the lowest point of 82.58 on September 20, 2016. (Note: Period refers to 2013-02-01 to date).

On October 11, the domestic price of acetic anhydride was stable, and the market transaction price was temporarily stable. In most areas, the factory price is 7550-7950 yuan / ton, the actual transaction price is temporarily stable, the actual transaction price is about 7450-7600 yuan / ton, the market price is the reference price, the actual transaction price is subject to actual negotiation.

Recently, the price of raw material acetic acid has risen, and the price of raw material methanol has fluctuated. The overall cost of acetic anhydride manufacturers has risen, which is good for the price of acetic anhydride. Downstream customers are actively stocking up, and the demand for acetic anhydride is rising in the short term, which supports the price of acetic anhydride and forms a positive effect on acetic anhydride. Acetic anhydride manufacturers have lower stocks and are good for acetic anhydride.

Market outlook: In general, the rise in raw materials led to an increase in the price of acetic anhydride, and the enthusiasm of downstream customers for stocking was acceptable. The short-term demand was high, which formed a certain positive demand. The acetic anhydride manufacturers had lower stocks and the acetic anhydride was more favorable. However, because the price of acetic anhydride is at a historically high level, the pressure on downstream procurement costs is high, which limits the increase of acetic anhydride. It is expected that the price of acetic anhydride will rise slightly.