On December 11, the PX commodity index was 53.60, down 0.1 point from yesterday, 47.66% from the highest point 102.40 (2013-02-28), and 17.67% higher than the lowest point 45.55 on February 15, 2016. (Note: cycle refers to 2013-02-01 to now).

According to statistics, in recent years, the domestic market price trend of p-xylene has remained volatile, the operation of new 600000 ton plant in Hongrun is stable, the operation of petrochemical plant in Pengzhou is stable, 50% of petrochemical plant in Urumqi has been started, one line of aromatics plant in Fuhai Chuang has been started, CNOOC Huizhou refining and chemical plant has been overhauled, the PX plant in Hengli Petrochemical has been put into operation, the operation of other plants is stable temporarily, and the domestic p-xylene plant has been installed The operating rate is about 70%. Due to the normal supply of domestic p-xylene market when the new unit is put into operation, the market price trend of p-xylene remains low and fluctuates. The operating rate of PX plant in Asia is about 80%. On December 10, the closing price of p-xylene market in Asia dropped by 3 US dollars / ton, and the closing price was 782-784 US dollars / ton fob in South Korea and 803-805 US dollars / ton CFR in China. About 50% of domestic products need to be imported. The falling price of external market has a certain negative impact on the domestic market price of p-xylene, which is not supported well enough, and the market price of p-xylene is not enough Keep low.

WTI crude oil futures market in the United States recently rose to US $59.24/barrel, or US $0.22, while Brent crude oil futures rose to US $64.34/barrel, or US $0.09. Russian Energy Minister Alexander Novak said in an interview with the Russian energy ministry magazine that Russia still expects oil production to reach a new record high this year, from 555.8 million tons produced in 2018 to 556 million to 560 million tons. The higher crude oil price plays a supporting role in the cost of petrochemical products, while the domestic p-xylene price trend remains low.

In terms of raw material PTA, another 1.1 million ton line of Dushan energy was put into operation successfully, Hainan Yisheng and Yadong petrochemical plants were restarted successively, and the supply end was pressurized. At the same time, affected by the downstream polyester production reduction news, PTA market fluctuated under the pressure of new supply, and the market average price was 4840 yuan / ton as of December 11. The overall market transaction in the lower reaches has cooled down. The comprehensive start-up rate of Jiangsu and Zhejiang looms has declined to about 70%. The terminal factory is currently catching up with foreign Christmas orders, and the orders are basically coming to an end. With the decrease of orders in December, it is expected that the load of Jiangsu and Zhejiang looms will decrease. Some orders will be issued next spring and summer, but the order quantity is not large, and the product delivery speed is average.

In the near future, crude oil price is mainly fluctuating, but the demand at the downstream of the terminal is not improving, which has a certain negative impact on the xylene market. Business analysts believe that the PX market price may maintain about 6700 yuan / ton.