According to statistics, the trend of domestic p-xylene ex factory price was temporarily stable this week, with an average price of 4300 yuan / ton at the weekend, which was temporarily stable compared with the price of 4300 yuan / ton at the beginning of the week, with a year-on-year decrease of 36.76%.
| povidone Iodine |
The domestic PX operating rate is about 60%. The operation of Hongrun 600000 ton new unit is stable, Huizhou refining and chemical plant is stable, fuhaichuang plant is on the first line, Pengzhou petrochemical plant is running stably, Yangzi Petrochemical PX unit is running normally, Jinling Petrochemical plant is running smoothly, Qingdao Lidong unit is operating at full load, Qilu Petrochemical plant is running stably The start-up of Urumqi petrochemical plant is about 50%, and Hainan refining and Chemical Co., Ltd. has started a production line. Hengli petrochemical plant is in normal operation, the domestic p-xylene supply is normal, and the domestic p-xylene market price trend is temporarily stable. This week, the operating rate of PX plant in Asia is about 70%, and the supply of PX goods is sufficient in Asia. This week, the price trend of PX external market rose slightly. As of the end of the week, the closing price of PX market in Asia was 517-519 USD / T FOB Korea and 535-537 USD / T CFR China. This week, the trend of PX external price rose. More than 40% of domestic products need to be imported, and the closing price of PX external market went The price trend of domestic PX market is stable temporarily.
The U.S. WTI crude oil futures market rose this week. As of the 12th, the settlement price of the main contract in the US WTI crude oil futures market was at $40.29/barrel, and the settlement price of the main contract in Brent crude oil futures market was at $42.40/barrel. The oil price soared on Monday, making the largest one-day increase in nearly five months. The main reason is that Pfizer announced that its new crown vaccine had made a major breakthrough The company says its vaccine can prevent 90 percent of infections. In addition, Saudi Arabia’s energy minister said at the meeting on Monday that if OPEC + reached an agreement, the production reduction agreement may be adjusted. The news also pushed up the oil price, and the international crude oil price trend rose, which was a good support for domestic petrochemical products, and the domestic p-xylene market price trend was temporarily stable.
The price trend of downstream PTA market rose this week. As of the end of the weekend, the price of PTA Market in East China was about 3250-3300 yuan. Recently, PTA downstream orders were OK. PTA enterprises had good production enthusiasm and did not have large-scale maintenance. As of November 12, the operating load of domestic PTA production enterprises was 86.14%, which was at the normal level. Recently, in addition to the long-term shutdown of domestic maintenance devices, the 3.75 million tons / year unit of Dalian Yisheng was shut down at the beginning of November. It is expected to stop for two weeks. The 1 million tons unit of Sichuan energy investment, the 750000 tons of Yadong petrochemical and the 350000 tons of Yangzi Petrochemical began to shut down in the first ten days of November. However, Yizheng Chemical fiber 650000 tons of plant recently restart, Sino Thai chemical plant will also restart. Inventory is still on the high side. On the whole, domestic PTA supply is stable, and the price in the floor market is driven up by crude oil price, but the downstream demand is delayed and affected by overseas order backflow. At present, the domestic textile industry is in general performance, so the upstream PX price trend is mainly stable.
On the whole, the demand of textile industry has not improved significantly, the order performance is unstable, and the terminal demand is general. For upstream Px, on-demand procurement is the main factor, and the price trend of PX market is stable.
Chen Ling, PX analyst of business agency, believes that the recent trend of crude oil price has changed greatly. In addition, the operating rate of downstream textile enterprises is general, PTA market price trend is rising, and domestic PX market supply is normal. It is expected that the PX market price will remain stable next week.
| Melamine |