On August 22, the PX commodity index was 56.00, unchanged from yesterday, down 45.31% from its peak of 102.40 points in the cycle (2013-02-28), and up 22.94% from its low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).

According to statistics, the domestic market price trend of p-xylene was temporarily stable on the 22nd. Pengzhou Petrochemical Plant operated steadily in the field. Urumqi Petrochemical Plant started 50% of its operation. Fuhai Created Aromatic Hydrocarbon Plant started one line. CNOOC Huizhou Refinery and Chemical Plant overhauled. Hengli Petrochemical PX Plant went into operation. Other units operated steadily temporarily due to the introduction of new units. Domestic market supply of p-xylene is normal, and market price trend of p-xylene is temporarily stable. The opening rate of PX plant in Asia is about 80%. On August 21, the closing price of p-xylene in Asia dropped by 4 US dollars/ton. The closing price is 769-771 US dollars/ton FOB Korea and 768-790 US dollars/ton CFR in China. More than 50% of the domestic units need to be imported. The fluctuation of foreign prices has a certain impact on the domestic market price of p-xylene. The price trend of domestic p-xylene is temporarily stable.

On August 21, the price of WTI crude oil futures fell to $55.68 per barrel, a decline of $0.45. Brent crude oil futures rose to $60.30 per barrel, an increase of $0.27. The EIA crude oil inventory in the week of August 16 in the United States decreased by 2732,000 barrels, and the trend of crude oil prices declined, bringing about a certain degree of downstream petrochemical products. The market price trend of p-xylene was temporarily stable due to the negative impact. Recently, the textile industry has slightly declined, PTA price has slightly declined on the 22nd. The average price in East China is raised near 5200-5300 yuan/ton. By the 21st day, the domestic PTA start-up rate is about 91.5%, the polyester industry start-up rate is about 87.5%, and the PTA social stock is estimated to be about 1.4 million tons. Affected by the shutdown and maintenance of the plant, the total price in August is about 1.4 million tons. The body maintains a small depot rhythm. PTA factory inventory accounts for about 30%, polyester factory raw material inventory accounts for about 28%, downstream polyester factory has space to continue to replenish. Towards the traditional sales season of “Gold, Nine, Silver and Ten” for textiles, downstream terminal enterprises may usher in the procurement cycle and demand side will improve. It is expected that the price of PX market will remain volatile in the short term.