On January 8, the PX commodity index was 55.20, unchanged from yesterday, down 46.09% from 102.40 (2013-02-28), the highest point in the cycle, and up 21.19% from 45.55, the lowest point 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 market supply of p-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 January 7, the closing price of p-xylene market in Asia dropped by 10 US dollars / ton, and the closing price was 820-822 US dollars / ton fob in South Korea and 840-842 US dollars / ton CFR in China. About 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, and the market price trend of p-xylene is temporarily stable.

WTI crude oil futures market in the United States recently fell to 62.70 USD / barrel, or 0.57 USD, while Brent crude oil futures fell to 68.27 USD / barrel, or 0.64 USD. U.S. crude oil stocks fell 5.95 million barrels in the week to January 3, a decrease of 4.064 million barrels, compared with a decrease of 7.8 million barrels. However, in the near future, the crude oil export in the Middle East has decreased, and the crude oil price rose sharply on August 8, which has a certain supporting effect on the cost of petrochemical products, while the domestic p-xylene price trend is temporarily stable.

In terms of PTA, the price of raw materials in the near future remains at the level of 4900-5000 yuan / ton, the PTA operating rate remains at about 85%, and the comprehensive starting rate of Jiangsu and Zhejiang looms is reduced to around 57%. Weaving enterprises show the phenomenon of reducing the number of orders and lack of stamina. In winter, the turnover of fabrics decreases month by month, while in spring, the order of fabrics is relatively limited. At the same time, near the end of the year, most enterprises are reducing prices to inventory in order to recover funds, and later loading and weaving factories will be shut down for holidays, PTA market price changes little, and the trend of p-xylene price is temporarily stable.

Recently, crude oil prices have risen slightly, which has a certain negative impact on the xylene market, but the demand at the downstream of the terminal is general, and business analysts believe that PX market price may remain stable.