I. price trend

Adipic acid market trend chart

According to the data of the business club’s bulk list, in October, the domestic adipic acid continued the weak market in September, and the price fluctuated and fell, with the monthly rise and fall of – 4.23%. By the end of the month, the mainstream price was generally 8000-8200 yuan / ton.

II. Analysis and comment

This month, adipic acid market out of the shock down market, in view of the downturn in September, October adipic acid also inevitably fell. So far, the traditional peak season market of “golden nine silver ten” has been completely blown out. The three reasons of adipic acid market are loose supply, weak demand and loss of cost support. In October, the weak demand in the downstream of adipic acid and the steady increase of supply led to the increase of social inventory pressure. Therefore, enterprises have the willingness to reduce price and inventory, so the price fell again and again. In terms of region, the markets of East China and South China have declined, ranging from 200-500 yuan / ton. The market atmosphere is slightly bleak, dealers are mainly active in shipping, and the market maintains a weak and volatile pattern. At present, the downstream market has a heavy wait-and-see mentality, the transaction is slightly deadlocked, and there is room for businesses to save and transfer profits. In addition, the upstream cost side lost the key support, and pure benzene ended the booming market. In October, it turned down. According to the monitoring of the business agency, pure benzene fell by 6.12% in October, and adipic acid also fell (as shown in the figure below).

Trend chart of pure benzene Market

First of all, on the supply side, affected by the downturn of downstream purchase orders, the market supply only increased but not decreased, and many dealers said that the inventory pressure was large, the manufacturer’s equipment operating rate was high, the market inventory and the manufacturer’s inventory were increased, the market had staged stock up behavior at the end of September, and now the downstream procurement is still rational, affected by this, the delivery slowed down slightly in the middle and late October. Among them, there are also relatively low-cost sources flooding the market. There is a certain bargaining space for products, and the price difference between the market price offer and the firm offer remains. Dealers in North China, East China and South China adjust their quotations to varying degrees, and most regions maintain a stable market. Excessive supply pressure is an important reason why the price of adipic acid did not keep falling.

PA66 market trend chart

In terms of demand, the downstream procurement has not improved significantly. The traditional “silver ten” market did not arrive on schedule this year, and the downstream operating rate is still slightly insufficient. The operating rate is basically above 50%, which does not form a strong boost to the upstream adipic acid. According to the monitoring of the business society, the downstream PA66 of adipic acid has continued to decline since September, although the decline in October is only 0.65%, but in combination with the two months of September and October. As a matter of fact, the decline is as high as 6%. The downturn in the downstream market (as shown in the figure above) is the decisive factor for adipic acid to get out of the predicament.

III. future forecast

According to adipic acid analyst of business and chemical branch, adipic acid is still sluggish and not getting better in the near future. At the same time, the whole chemical industry is also in a downward cycle. According to the Statistics Bureau, PPI fell 1.2% year on year in September, and the industry’s negative also covers the adipic acid industry chain. In addition, the lack of downstream demand is still the decisive factor for adipic acid to get out of the haze. Adipic acid is expected to be difficult to get out of the haze in the short term.

On October 28, the HFA commodity index was 87.48, unchanged from yesterday, down 37.71% from 140.43 (2018-02-21), the highest point in the cycle, and up 63.24% from 53.59, the lowest point on November 30, 2016. (Note: cycle refers to 2011-09-01 to now).

According to statistics, the price trend of domestic hydrofluoric acid market is temporarily stable. Up to now, the price of domestic hydrofluoric acid market is 9640 yuan / ton, and the operation rate of domestic hydrofluoric acid is less than 60%. The enterprise reflects that the current spot supply of hydrofluoric acid in the site is sufficient. In the near future, there is no moving goods in the hydrofluoric acid site. Because the downstream demand is not improving, some hydrofluoric acid manufacturers’ prices are stuck, and the market price of hydrofluoric acid is slightly lower. At present, the mainstream of hydrofluoric acid negotiation in the south is about 9000-9500 yuan / ton, and the price of hydrofluoric acid in the north market is 9000-10000 yuan / ton. The domestic market price of hydrofluoric acid remains at a low level, the supply of spot goods is sufficient, but the demand is poor, and the market price of hydrofluoric acid remains at a low level.

The price of fluorite in the upstream market remained at a low level. As of the 29th day, the price of fluorite was 2877.78 yuan / ton. The fluctuation of upstream raw material price brought limited support to the hydrofluoric acid market. The price of hydrofluoric acid market was slightly lower due to the low price of raw material fluorite. In the near future, the trading market of downstream refrigerants in the terminal market is general, and the domestic market price of refrigerant R22 remains low. From the perspective of market supply, the market price of refrigerant R22 continues to be weak, the manufacturer’s production device reduces the starting load, the market supply capacity has declined, and the inventory pressure has been slowed down. In terms of demand, the downstream air-conditioning manufacturers only reduced the demand without increasing, and the mainstream price of domestic large enterprises is 12000-13000 yuan / ton. The price trend of R134a market in China is at a low level, the unit operating rate of production enterprises remains at a low level, the market demand for refrigerants is reduced, and manufacturers mainly export their products. However, the transaction price in the market keeps falling, the merchants purchase on demand, the peak season ends, the downstream demand of the terminal only decreases but not increases, and the price trend of hydrofluoric acid market declines. However, the transaction price in the market is low, and businesses purchase on demand. Recently, due to the normal supply of goods, the downstream demand is not improved, and the market price of hydrofluoric acid remains low.

The transaction situation in the refrigerant market is poor, the unit operating rate of the refrigerant industry remains low, the demand for the upstream hydrofluoric acid market is limited, and the spot supply of hydrofluoric acid is sufficient, but the manufacturer reflects that the loss is relatively serious, and Chen Ling, an analyst of the business agency, believes that the market price of hydrofluoric acid may maintain a low level.

On October 28, the fluorite commodity index was 100.97, unchanged from yesterday, down 20.80% from 127.49 (2019-01-03), the highest point in the cycle, and up 105.18% from 49.21, the lowest point on December 18, 2016. (Note: cycle refers to 2011-09-01 to now)

According to statistics, the price trend of domestic fluorite is temporarily stable. As of 28 days, the average price of domestic fluorite is 2877.78 yuan / ton. In recent years, the domestic fluorite device has been started normally, the mine and flotation device in the field have been started normally, the supply of fluorite in the field is normal, and the price of hydrofluoric acid in the downstream has been kept low in the near future. For the purchase on demand in the fluorite market, the stock situation in the fluorite field is general, and the price trend of fluorite market is temporarily stable. In the near future, the downstream units are under normal operation, the spot supply of fluorite in the site is sufficient, and the downstream demand of the terminal is not improved, resulting in weak market price. As of the 28th, the price of 97 fluorite wet powder in Inner Mongolia was 2600-2800 yuan / ton, that of 97 fluorite wet powder in Fujian was 2600-2900 yuan / ton, that of 97 fluorite wet powder in Henan was 2600-2900 yuan / ton, that of 97 fluorite wet powder in Jiangxi was 2600-3000 yuan / ton, and that of fluorite remained low.

The market price trend of hydrofluoric acid in the downstream of fluorite is slightly lower. As of the 28th, the domestic market price of hydrofluoric acid is 9640 yuan / ton. The decline of the market price of hydrofluoric acid has a certain negative impact on the upstream market of fluorite. However, in recent years, the operation of hydrofluoric acid plant is generally in progress, the demand for fluorite is weakened, and the price of fluorite remains low. In the near future, the transaction market of refrigerant downstream of the terminal is general, and the domestic refrigerant R22 market is volatile. From the perspective of market supply, the market of refrigerant R22 continues to be weak, the manufacturer’s production device reduces the starting load, the supply capacity of the market source has declined, and the inventory pressure has been buffered. In terms of demand, the downstream air-conditioning manufacturers only reduced the demand without increasing, and the price of domestic large enterprises is 12000-13000 yuan / ton. The price trend of domestic R134a market remains low. At present, R134a market has entered the off-season, downstream demand is relatively weak, and the operating rate of several R134a production enterprises remains low. However, the transaction price in the market keeps falling, the merchants purchase on demand, the peak season ends, the downstream demand of the terminal only decreases but not increases, and the affected price of fluorite market is at a low level.

On the whole, the market of the downstream refrigerant industry is low and the demand of the downstream refrigerant industry is poor. However, as the temperature drops, the supply of fluorite in the North may decrease. Chen Ling, an analyst of the business agency, thinks that the market price of fluorite may maintain a low trend.

I. price trend

Aniline prices in Shandong and Nanjing rose this week near the weekend, according to a large number of data from business agencies. The market price of aniline in Shandong is 7600-7800 yuan / ton, an increase of 2.63% compared with last week; the market price of aniline in Nanjing is 8200 yuan / ton, an increase of 2.5% compared with last week.

II. Analysis and comment

Raw materials: at the beginning of this week, the pure benzene market was affected by the forced air and the spot supply in East China was tight, with the price up. Near the end of the weekend, the shortage of replenishment ended, the market mentality turned to prudence, and the price weakened. This week, the listing price of pure benzene enterprises is 5000-5600 yuan / ton, which is basically the same as that of last week. This week, the raw material nitric acid in East China continued to decline, down 15.87%.

Product: this week, the restart of Jinmao aniline plant was delayed, and Huatai and Yangnong stopped for maintenance. Although this week’s cost surface is loose, there are many aniline enterprises in parking and maintenance, with low inventory and tight market supply, supporting high profits of aniline. Near the end of the week, Jinling is expected to reduce production, market supply will be further reduced, and the price of aniline will rise.

III. future expectation

Raw materials: the supply of coking industry is sufficient, and the impact of short-term low price still exists. The low profit level of downstream styrene, coupled with frequent problems in the plant, leads to demand or affected. It is expected that the weak trend of pure benzene will continue next week, but port inventory may limit the decline.

At present, the profit of aniline is on the high side, but the overall overhaul enterprises are more and the supply is tight.

It is expected that aniline will still run at a high level in the near future.

On October 23, the phthalic anhydride commodity index was 63.99, unchanged from yesterday, down 46.73% from 120.13 (2012-02-28), the highest point in the cycle, and up 32.16% from 48.42, the lowest point on January 21, 2016. (Note: cycle refers to 2011-09-01 to now).

In the near future, the domestic market price of phthalic anhydride remains low, the market price of phthalic anhydride in East China is weak, the downstream factories maintain rigid purchase, the factory inventory pressure increases, the high-end transaction is blocked, the factory inventory has increased in the near future, and the market price trend of phthalic anhydride remains low. In East China, the main flow of negotiation for neighboring process and naphthalene process is 6500-6800 yuan / ton and 6100-6200 yuan / ton respectively. In North China, the main quotation for phthalic anhydride market is 6500-6700 yuan / ton. Most of the manufacturers in the site have price callback, the downstream construction is not high, the procurement is based on demand, the wait-and-see mentality is strong, the operation of domestic phthalic anhydride plant is stable, the spot supply of phthalic anhydride in the site is sufficient, and the downstream demand of phthalic anhydride is also strong. Poor demand, demand for phthalic anhydride has decreased, phthalic anhydride price trend is weak.

In the near future, the execution price of domestic phthalic anhydride upstream product Sinopec has been maintained at 6700 yuan / ton. Due to the restart of maintenance devices of some domestic phthalic anhydride manufacturers, the supply of goods within the site has increased, the import price of phthalic anhydride in the port area has declined, and the quotation has fallen. In the near future, the price of phthalic acid in the port has declined, the port inventory is low, and the quotation of phthalic anhydride in the outside market has fallen in shock. The actual transaction price is subject to negotiation. The details are given. The price trend of phthalic anhydride market continued to decline due to the drop of upstream raw material o-benzene price. The downstream DOP price is slightly lower, the price of isooctanol is lower, and the DOP cost is lower. The price of DOP is fluctuating, the downstream demand of DOP is normal, the customer’s purchasing enthusiasm is general, the downstream PVC market is fluctuating and declining, the high-end transaction of DOP is blocked, the mainstream transaction price of DOP market is slightly reduced to 7400-7700 yuan / ton, and the downstream price trend is declining, but the upstream ox price is firm, affected by the cost support, it is expected that the market price of phthalic anhydride will maintain a slightly lower trend in the later period.

On October 22, the fluorite commodity index was 100.97, unchanged from yesterday, down 20.80% from 127.49 (2019-01-03), the highest point in the cycle, and up 105.18% from 49.21, the lowest point on December 18, 2016. (Note: cycle refers to 2011-09-01 to now)

According to statistics, the price trend of domestic fluorite is temporarily stable. As of 23 days, the average price of domestic fluorite is 2877.78 yuan / ton. In recent years, the domestic fluorite device has been started normally, the mine and flotation device in the field have been started normally, the supply of fluorite in the field is normal, and the price of hydrofluoric acid in the downstream has been kept low in the near future. For the purchase on demand in the fluorite market, the stock situation in the fluorite field is general, and the price trend of fluorite market is temporarily stable. In the near future, the downstream units are under normal operation, the spot supply of fluorite in the site is sufficient, and the downstream demand of the terminal is not improved, resulting in weak market price. As of the 23rd, the price of 97 fluorite wet powder in Inner Mongolia was 2600-2800 yuan / ton, that of 97 fluorite wet powder in Fujian was 2600-2900 yuan / ton, that of 97 fluorite wet powder in Henan was 2600-2900 yuan / ton, that of 97 fluorite wet powder in Jiangxi was 2600-3000 yuan / ton, and that of fluorite remained low.

The market price trend of hydrofluoric acid in the downstream of fluorite is slightly lower. As of the 23rd, the domestic market price of hydrofluoric acid is 9680 yuan / ton. The decline of the market price of hydrofluoric acid has a certain negative impact on the upstream market of fluorite. However, in recent years, the operation of hydrofluoric acid plant is generally in progress, the demand for fluorite is weakened, and the price of fluorite remains low and volatile. In the near future, the transaction market of refrigerant downstream of the terminal is general, and the domestic refrigerant R22 market is volatile. From the perspective of market supply, the market of refrigerant R22 continues to be weak, the manufacturer’s production device reduces the starting load, the supply capacity of the market source has declined, and the inventory pressure has been buffered. In terms of demand, the downstream air-conditioning manufacturers only reduced the demand without increasing, and the price of domestic large enterprises is 12000-13000 yuan / ton. The price trend of domestic R134a market remains low. At present, R134a market has entered the off-season, downstream demand is relatively weak, and the operating rate of several R134a production enterprises remains low. However, the transaction price in the market keeps falling, the merchants purchase on demand, the peak season ends, the downstream demand of the terminal only decreases but not increases, and the affected price of fluorite market is at a low level.

On the whole, the market of the downstream refrigerant industry is low and the demand of the downstream refrigerant industry is poor. However, as the temperature drops, the supply of fluorite in the North may decrease. Chen Ling, an analyst of the business agency, thinks that the market price of fluorite may maintain a low trend.

I. price trend:

According to a large number of data on the list of business agencies, the ABS market stalled in mid October and the domestic spot price was adjusted. As of October 22, the main offer price of general-purpose ABS is about 13600.00 yuan / ton.

II. Analysis of influencing factors:

Industry chain: in all upstream aspects of ABS, the market price of styrene fell sharply after the festival. On site supply was abundant, oil market fell sharply linked with styrene fell. The demand side did not improve, the downstream remained low demand, and the recovery demand increased slowly, which was lower than the expectation of businesses. Some of the early-stage maintenance devices are coming to an end, the supply of domestic goods is increasing, and the inventory picking up in the section is poor. In addition, a large amount of imported styrene arrived at the port in the early days of the national day, resulting in high styrene port inventory after the festival. In recent years, the cost price of styrene has declined slightly, and domestic enterprises have kept the profit space. After the quotation of domestic enterprises has been lowered, they have basically stabilized temporarily. Most of them are waiting to be tested. The traditional mentality of “buy up, don’t buy down” has affected the market and entered the short-term buyer’s market.

Recently, a large number of acrylonitrile related large-scale factories supply to the outside world, and some production traders follow the decline, adding to the bearish sentiment in the market. This week, the decline of acrylonitrile is large. In addition to the north, the production and sales of all manufacturers were generally smooth, and then Sinopec’s sales companies released a good price signal, and the spot market sentiment was restrained and controlled. The downstream operators are cautious in mentality, have low enthusiasm for replenishment, and maintain rigid demand strategy.

The domestic butadiene market fell sharply, the northern spot supply was abundant, and the downstream mentality continued to be short, which led to the depressed market inquiry atmosphere. In addition, the external offer market was weak due to the pressure of ocean shipping, dragging the domestic butadiene spot market gravity downward continuously, and the prices of foreign manufacturers and SINOCHEM were frequently lowered, leading to a sharp decline in the market. Until October 17, the price of northeast manufacturers dropped to about 9500-9600 yuan / ton, and the downstream stage just needed to bargain and make up the position, the market turnover improved, and the atmosphere slightly changed. However, the price of synthetic rubber continues to decline, the butadiene market in the north is relatively abundant, and some businesses are still cautious. In terms of price, the price of superior products delivered in Shandong is 10100-10200 yuan / ton, and that in East China is 10400-10500 yuan / ton, all of which are more than 1000 yuan lower than last week.

3. Future forecast:

Business analysts believe that: in mid October, the ABS market consolidation market, the spot prices of various brands are up and down. The upstream three materials market is negative, which has poor support for the cost side. Downstream demand is flat, buy up do not buy down. At present, there is no good news on the site, traders give way to profits, and petrochemical enterprises offer to reduce. It is expected that the domestic ABS market will continue to be weak in the near future.

On October 21, the ammonium nitrate commodity index was 121.05, the same as yesterday, a record high in the cycle, 56.46% higher than the lowest point of 77.37 on October 31, 2016. (Note: cycle refers to 2013-02-01 to now).

On the 21st, the price trend of domestic ammonium nitrate Market was temporarily stable, the operation of domestic ammonium nitrate manufacturers’ devices was stable, the delivery market of ammonium nitrate manufacturers was general, the downstream purchase was on demand, coupled with the impact of environmental control, the domestic downstream civil explosive industry still had more production stops, the domestic ammonium nitrate manufacturers started limited, and the price trend on the site was temporarily stable. Up to now, the negotiation mainstream in Shaanxi Province is 2300-2400 yuan / ton, in Shandong Province is 2100-2300 yuan / ton, and in Hebei Province is 2300-2500 yuan / ton. Affected by environmental protection, some downstream manufacturers are forced to limit production or stop production for maintenance and accept environmental protection inspection. The demand for ammonium nitrate is at a low level, but the raw material cost is well supported, and the market price trend of ammonium nitrate is stable.

In recent years, the price trend of domestic nitric acid market continues to decline, and the quotation of mainstream manufacturers in Jiangsu Province is 1600 yuan / ton. The quotation of mainstream manufacturers in Anhui is about 1650 yuan / ton. Shandong manufacturers offer 1650 yuan / ton or so, and the price trend declines. The delivery of nitric acid is general. The fall of nitric acid price has a certain negative impact on the market of ammonium nitrate, and the price trend of ammonium nitrate is temporarily stable. The market of liquid ammonia in the upstream domestic market is mainly in a small decline, with part of the price down 50-100 yuan / ton. Some enterprises in Shandong Province maintain stability and part of the price down 50 yuan / ton. The price in the northwest region remains stable, and the current partial ammonia volume is surplus, especially some manufacturers in Shandong Province. The supply of goods is relatively loose, and the pressure of enterprise shipment is increasing, but the price of manufacturers with large ammonia volume is mainly stable. The main quotation in Shandong is 2900-3000 yuan / ton, and the main quotation in Hebei is 2850-3000 yuan / ton. The lower liquid ammonia market has a certain negative impact on the downstream ammonium nitrate Market, and the market price of ammonium nitrate is temporarily stable. In the near future, the market of the downstream civil explosive industry has not changed much. The market demand for ammonium nitrate is limited. The inventory of ammonium nitrate manufacturers is high, but the market price of raw materials remains high. The price trend of ammonium nitrate Market is generally stable due to the commodity market. Analysts of ammonium nitrate of business association think that the market price of upstream raw material nitric acid continues to decline in the near future, and the downstream demand is still at a low level, and it is expected that the market price of ammonium nitrate will fall slightly in the later stage.

I. price trend

According to the price monitoring of the business agency, the ex factory price of calcium carbide in Northwest China fell this week. This week, the average ex factory price of mainstream carbide manufacturers fell from 2933.33 yuan / ton at the beginning of the week to 2783.33 yuan / ton at the end of the week, down 5.11%, 8.98% year-on-year. Overall, carbide fell this week, with the carbide commodity index at 72.93 on October 18.

II. Trend analysis

(I) products:

The ex factory price of calcium carbide in Northwest China fell this week: oveganone quoted 2850 yuan / ton of calcium carbide this weekend, down 50 yuan / ton compared with the beginning of the week; Shaanxi coal industry quoted 2750 yuan / ton of calcium carbide this weekend, down 50 yuan / ton compared with the beginning of the week; China United Inner Mongolia quoted 2750 yuan / ton of calcium carbide at the end of the week, down 200 yuan / ton compared with the beginning of the week; Xingping Ningxia electricity this week The price of stone is 2750 yuan / ton, which is 200 yuan / ton lower than that at the beginning of the week.

This weekend, the actual transaction price of carbide in Northwest China is about 2700-2800 yuan / ton: the mainstream transaction price of carbide in Shaanxi is about 2750-2800 yuan / ton; the mainstream transaction price of carbide in Ningxia is about 2700 yuan / ton; the mainstream transaction price of carbide in Inner Mongolia is about 2700 yuan / ton, and the actual transaction price is mainly negotiated.

(II) industrial chain:

Upstream raw material Market: the ex factory quotation of coke this week is temporarily stable, with the quotation of 1716.67 yuan / ton, down 27.45% year-on-year compared with the same period last year. The price of raw materials in the upper reaches was lower and consolidated. Compared with last year, the price dropped a lot and the cost support was insufficient, which had a negative impact on the price of calcium carbide.

Downstream market: PVC factory price fell slightly this week. PVC quotation dropped from 6695.00 yuan / ton at the beginning of the week to 6667.50 yuan / ton at the end of the week, down 0.41%, down 1.08% year on year. PVC market in the lower reaches fell slightly, and the enthusiasm of customers in the lower reaches for calcium carbide procurement weakened. As a whole, PVC market fell slightly this week, which had a negative impact on the price of calcium carbide.

III. future forecast

After the adjustment in September, the capital return of each plant is in good condition, the equipment maintenance is completed, and the production capacity is increased. Compared with last year, the price of raw materials in the upstream is lower and consolidated. Compared with last year, the price has dropped a lot, the cost support is not enough, and the positive impact on the price of calcium carbide is limited. The price of PVC in the downstream is slightly lower, and the procurement enthusiasm of downstream customers for calcium carbide is general. The aftermarket forecasts that the price of calcium carbide in the northwest will fluctuate and fall in late October, and the ex factory price may remain around 2750 yuan / ton.

On October 17, the PX commodity index was 54.40, which was the same as yesterday, 46.88% lower than 102.40 (2013-02-28), the highest point in the cycle, and 19.43% higher than 45.55, the lowest point on February 15, 2016. (Note: cycle refers to 2013-02-01 to now).

According to statistics, on the 17th, the domestic market price trend of p-xylene was temporarily stable, the operation of new 600000 ton plant in Hongrun was stable, the operation of petrochemical plant in Pengzhou was stable, 50% of petrochemical plant in Urumqi was started, one line of aromatics plant in Fuhai Chuang was started, CNOOC Huizhou refining and chemical plant was overhauled, the PX plant in Hengli petrochemical plant was put into operation, and other units were temporarily stable. As the new plant was put into operation, domestic The market supply of xylene is normal, and the market price trend of p-xylene is stable temporarily. The operating rate of PX plant in Asia is about 80%. On October 16, the closing price of p-xylene market in Asia fell by 5 US dollars / ton, and the closing price was 775-777 US dollars / ton fob in South Korea and 795-797 US dollars / ton CFR in China. Over 50% of domestic products need to be imported. The decline of external market price has a certain negative impact on the domestic market price of p-xylene, but the domestic market price trend is temporarily stable.

On October 16, WTI crude oil futures market rose to 53.36 US dollars / barrel, or 0.55 US dollars. Brent crude oil futures rose to 59.42 US dollars / barrel, or 0.68 US dollars. Oil prices rose on Wednesday following the stock market’s rise. Investors hoped for a possible brexit agreement between the UK and the European Union, and OPEC and its allies said it could further curb this. Supply signals, but gains were limited due to continued concerns about the global economic slowdown. Global benchmark Brent crude oil futures rose 21 cents to $58.95 per barrel at 0310 GMT, about 0.3% higher than the closing price of the previous trading day. The price of US West Texas Intermediate crude oil rose 16 cents or 0.3% to US $52.97 per barrel. The price of crude oil rose slightly, which had limited impact on the cost support of downstream petrochemical products, and the price trend of domestic p-xylene was stable. In recent years, the textile industry market is volatile, the PTA Market operating rate is declining, and the PTA price trend is slightly lower. The average price of the offer in East China is about 5000-5100 yuan / ton. As of the 16th day, the domestic PTA operating rate is about 87.3%, and the polyester industry operating rate is about 89.5%. Due to the sufficient supply in PTA field and the general transaction atmosphere, the purchase is dominated by traders, followed by sporadic polyester factories, which are affected by the original oil price. The price of PTA in the downstream market is slightly lower due to grid shock, and it is expected that PX market price will maintain 6800 yuan / ton in the short term.