Domestic price trend:
| Azodicarbonamide (AC foaming Agent) |
According to statistics, in October, the domestic price of p-xylene dropped. At the beginning of the month, the domestic price was 4600 yuan / ton. At the end of the month, the domestic PX market price was 4450 yuan / ton, with a price trend of 3.26% and a year-on-year decrease of 34.56%. The external price of PX decreased slightly. The domestic PX market was highly dependent on foreign countries. The decline of external price had a negative impact on domestic prices.
In October, the domestic market price of p-xylene declined slightly, and the domestic PX operating rate was about 60%. Sinochem Hongrun Petrochemical Co., Ltd. put into operation 600000 tons of new units. Yangzi Petrochemical plant was in stable operation, fuhaichuang plant was in the first line. Pengzhou petrochemical plant was in stable operation, Yangzi Petrochemical PX unit was in normal operation, Jinling Petrochemical plant was running smoothly, and Qingdao Lidong unit was operating at full load The operation of Shandong Petrochemical plant is stable, and the Urumqi petrochemical plant is operating at about 50%. The domestic supply of p-xylene is normal. Affected by the low price of crude oil, the price trend of domestic PX market has declined slightly. In October, the international crude oil price decreased slightly, while the external price of PX decreased slightly. As of the 28th, the closing prices in Asia were 521-523 USD / T FOB Korea and 539-541 USD / T CFR China. Recently, the operation rate of PX units in Asia has been stable, and the operating rate of PX units in Asia is about 60%. The supply of PX goods in Asia is normal, and the closing price of PX in external markets is slightly lower The price trend of p-xylene market declined slightly.
The international crude oil price fluctuated around us $40 / barrel in October. As of the 28th, the main contract settlement price of WTI crude oil futures market in the United States was 37.39 US dollars / barrel. The Brent crude oil futures market price also fell sharply. The settlement price of main contract was 39.64 US dollars / barrel. The oil price fell sharply at the end of October, mainly affected by the bad crude oil inventory data of the United States and Europe The surge in new cases prompted the government to restart the restrictive measures, exacerbated the expected decline in fuel demand, crude oil prices fell, and the market price of p-xylene declined.
In October, the price trend of downstream PTA market rose slightly, while the domestic PTA spot market rose. As of the end of the month, the average price of PTA market was about 3400 yuan / ton, and the price increase of PTA in October was 1.86%. In October, the demand for downstream terminals recovered and PTA equipment was overhauled on a large scale. PTA prices ushered in a wave of upward trend. Orders from overseas textile industry flowed into China. At the same time, the textile and garment markets at home and abroad recovered significantly, the market situation of downstream textile industry improved, PTA prices rose slightly, and the price trend of PX market was limited.
Chen Ling, PX analyst of the business agency, thinks that the new production capacity will have a certain impact on the market. In addition, the production and sales of polyester in the downstream have fallen down as a whole. It is estimated that the market of PTA will continue to rise with insufficient motivation. In addition, the crude oil price is facing the risk of falling. It is expected that the market price of p-xylene will decrease slightly in November.
| Melamine |