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.