On January 28, the PX commodity index was 68.80, which was the same as yesterday. It was 32.81% lower than the peak of 102.40 points in the cycle (2013-02-28), and 51.04% higher than the low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).

Recently, the domestic market price trend of p-xylene has been temporarily stable. Pengzhou Petrochemical Plant has been running steadily in the field. Urumqi Petrochemical Plant has started 50% of its operation. Fuhaichuang Aromatic Hydrocarbon Plant has been restarted. Other plants have been running steadily for the time being. The domestic market supply of p-xylene has increased, and the market price trend of p-xylene has been temporarily stable. The opening rate of PX plant in Asia rose to about 80%. On January 28, the closing price of p-xylene in Asia dropped by 19 US dollars/ton, the closing price was 1038-1040 US dollars/ton FOB in Korea and 1058-1060 US dollars/ton CFR in China. More than 50% of domestic imports were needed. The decline of foreign prices had a negative impact on domestic market price of p-xylene, and the domestic market price maintained 8,600 RMB/ton.

On January 28, the price of WTI crude oil in March fell to 51.99 U.S. dollars per barrel, a decline of 1.70 U.S. dollars. Brent crude oil in March fell to 59.93 U.S. dollars per barrel, a decline of 1.71 U.S. dollars. crude oil price slightly declined, which has limited support for the price of downstream petrochemical products, and the price trend of p-xylene market is temporarily stable. Recently, the textile industry is in a general market, PTA price has slightly declined on the 28th. The average offer price in East China is raised near 6600-6800 yuan/ton. As of the 28th day, the domestic PTA start-up rate is about 80%, the polyester industry start-up rate is about 77%. In addition, the hobby production and sales rate keeps declining, and the PTA Market price has slightly declined. It is expected that the PX market price will maintain 8600 yuan/ton in the later period.

Price trends:

According to the monitoring data of business associations, as of January 25, the average price of acetic anhydride quoted by enterprises was 6,100.00 yuan/ton, up 1.38% from last weekend’s price, and this week’s price of acetic anhydride rose.

2. Market analysis:

Product analysis:

This week, domestic acetic anhydride factory quotations rose, market prices rose. Most of the region’s ex-factory quotation is 6000-6300 yuan/ton, the actual transaction price rises, Shandong’s actual transaction price is about 5950-6100 yuan/ton, the price rises, Jiangsu’s transaction price is about 6250 yuan/ton, the market quotation is the reference price, the actual transaction price is based on actual negotiation.

Factor analysis of industrial chain:

The price of acetic acid rose this week. As of January 25, the price of acetic acid was 3166.67 yuan/ton, up 67 yuan/ton, or 2.15 percent, compared with the price of acetic acid at the beginning of the week. This week, methanol prices surged. As of January 25, the price of methanol quoted 2214.00 yuan/ton. This week, methanol prices rose 4 yuan/ton, or 0.18%, acetic anhydride costs rose. The stock of vinegar anhydride is coming soon. The purchase enthusiasm of downstream customers is rising. The demand for acetic anhydride is rising. The market of acetic anhydride is good.

3. Future market forecast:

Bai Jiaxin, a data analyst for acetic anhydride in business associations, believes that the price of acetic anhydride has risen this week. This week’s rise in raw material prices and the cost of acetic anhydride have a positive impact on the market of acetic anhydride. The overall price of acetic anhydride has a certain upward momentum. Spring Festival procurement is imminent, downstream procurement is active, the demand for acetic anhydride is rising, the overall market of acetic anhydride is good. The price of acetic anhydride is expected to rise in the future.

The market price of phenol in India was stable on January 23. The closing price of phenol in India was stable on January 23. The CIF price was between US$1013 and 1016 per ton.

On January 23, the phenol Market in the U.S. Gulf closed steadily with the latest offer of $1088-1108 per ton, FOB in the U.S. Gulf.

On January 23, the closing price of phenol Market in Europe was stable, with the latest quotation of 1026-1030 euros/ton.

On January 21, the fluorite commodity index was 123.51, down 0.35 points from yesterday, down 3.12% from the peak of 127.49 points in the cycle (2019-01-03), and up 150.99% from the low of 49.21 points on December 18, 2016. (Note: Period refers to 2011-09-01 to date)

According to statistics, the recent domestic fluorite price trend is temporarily stable, the average domestic fluorite price as of 22 days is 3520 yuan/ton. Due to the impact of strict environmental protection inspection, some domestic fluorite plants have recently stopped, mines and flotation plants have stopped and repaired, and the supply of fluorite in the field has been relatively reduced. However, the recent downstream market is not good, and the price of fluorite market has slightly declined. In addition to the low temperature, the low start-up rate of fluorite flotation units in the North has aggravated the shortage of domestic fluorite supply. In the southern fluorite market, the start-up of devices has also been reduced, and the supply of fluorite in the field is tight, but the downstream terminal receipt is not active, resulting in a slight drop in market prices. The price of 97 fluorite wet powder in Inner Mongolia is 3200-3600 yuan/ton as of 22nd, the mainstream of 97 fluorite wet powder in Fujian is 3400-3700 yuan/ton, the price of 97 fluorite wet powder in Henan is 3300-3600 yuan/ton, the price of 97 fluorite wet powder in Jiangxi is 3200-3600 yuan/ton, and the price of fluorite is slightly lower.

The market price of hydrofluoric acid in the lower reaches of fluorite is stable for the time being. The domestic market price of hydrofluoric acid is 12625 yuan/ton as of the 22nd, and the market price of hydrofluoric acid has slightly declined. In addition, the upstream refrigerant products have more maintenance devices, the demand for upstream fluorite and hydrofluoric acid has weakened, the recent downstream refrigerant trading market has declined, and the price of hydrofluoric acid products has slightly declined. Recent market of refrigerant in downstream terminal market has been cool, with R22 refrigerant facility starting at 70%, R22 refrigerant facility starting rate declining, bulk water outlet quotation of main production enterprises declining to 17500-18500 yuan/ton, but there is no bulk water spot in the production enterprises, mostly with a small amount of cylinders shipped. In addition, the actual demand side of the market has declined, and the shipment market trend is poor. The domestic market price of R134a is slightly lower, the start-up rate of production enterprises is lower, the market demand for refrigerants is weakened, and manufacturers mainly export their products. However, the on-site transaction price does not change much, and the merchants purchase on demand. Recently, due to the impact of equipment maintenance, the upstream market demand for hydrofluoric acid has weakened. Generally speaking, there are many downstream negative factors, but because of the poor start-up of fluorite market devices and the high price of fluorite, Business Analyst Chen Ling believes that the price of fluorite market may be slightly lower due to the weakening downstream demand.

On January 21, the Asian acetone market closed at a stable price of $498-501 per ton, CFR China.

On January 21, FOB Rotterdam was stable with prices ranging from $626 to $631 per ton.

The Indian acetone market closed stable on January 21, with CIF prices ranging from $458.5 to $461.5 per ton.

On January 18, the closing price of methanol in Asia fell, with China concentrating on $278-280 per ton of methanol CFR, falling by $1 per ton, and Southeast Asia concentrating on $299-301 per ton of methanol CFR.