On November 12, the PX commodity index was 54.40, unchanged from yesterday, down 46.88% from 102.40 (2013-02-28), the highest point in the cycle, and up 19.43% from 45.55, the lowest point on February 15, 2016. (Note: cycle refers to 2013-02-01 to now).

According to statistics, on December 12, 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 November 11, the closing price of p-xylene market in Asia dropped by 7 US dollars / ton, and the closing price was 759-761 US dollars / ton fob in South Korea and 779-781 US dollars / ton CFR in China. Over 50% of domestic products need to be imported. The rise of external market price has a certain positive impact on the domestic market price of p-xylene, but the domestic market price trend is temporarily stable.

On November 11, WTI crude oil futures market price in the United States fell to US $56.86/barrel, or US $0.38, while Brent crude oil futures price fell to US $62.18/barrel, or US $0.33. China’s crude oil import in October was 45.511 million tons, a record high again, but the natural gas import fell for the first time in three years. The strong refining profit in August led to the increase of China’s crude oil purchase orders Most of the new ships arrived in October, and it is expected that China’s crude oil import will be cut in November, which affects the confidence of the crude oil market bulls, the crude oil price drops, and the domestic paraxylene price trend is stable. In recent years, the textile industry market has been volatile, the PTA Market operating rate has declined, and the PTA price trend has continued to decline. The average price of the offer in East China is about 4700-4800 yuan / ton. As of the 11th day, the domestic PTA operating rate is about 95%, and the polyester industry operating rate is about 88%. Due to the sufficient supply in PTA field and the general transaction atmosphere, the purchase is dominated by traders, followed by sporadic polyester factories, and affected by crude oil price The market price of PTA in the downstream is slightly lower due to the shock, and it is expected that the market price of PX will maintain 6800 yuan / ton in the short term.